HSH estimate assumes a home purchased at the median sales price of an existing home according to the National Association of Realtors, a 30-year fixed-rate mortgage at the national average offered to buyers according to Freddie Mac, and a 20% down payment. In order to be affordable, housing payments and property taxes must take up less than 28% of household income. Median household income is shown according to the Census Bureau, with the green dashed line showing income if it tracked wage increases since 2021 according to the Bureau of Labor Statistics.