Home Price-to-Income Ratio At Record High

The number of years of income needed to buy a median-priced home.

Home price-to-income ratio compares the median home price to the median household income. A lower ratio (below 3) suggests that homes are relatively affordable, while a higher ratio (5 or more) indicates reduced affordability and potential housing market strain.
Chart: Hancen SaleSource: JCHS; National Association of Realtors; Moody's Analytics.Created with Datawrapper