Share of household income needed to afford typical home
Homes are considered affordable if a household spends no more than 30% of its income on monthly housing costs. In 2024, the typical household would have had to spend roughly 42% of its income.
Homes are considered affordable if a household spends no more than 30% of its income on monthly housing costs. In 2024, the typical household would have had to spend roughly 42% of its income.
