A Zillow report reveals that middle-class Americans need over $127,000 down payment, or 35.4%, to afford the average U.S. home. In Texas metro areas like Austin, Dallas, and Houston, buyers need over $100,000 annual income to purchase a median-priced home. The affordability gap has widened as home prices rise faster than incomes.
More Texas homeowners and renters than ever are struggling with high housing costs — and the state’s high home prices have potentially put the dream of owning a home out-of-reach for a growing number of families. https://t.co/I2OrtKbtsI
If you don’t make more than $100,000 per year, you can’t afford to buy a median-priced home in three of Texas’ largest metro areas. | via @keranews https://t.co/WZLvGXfKmL https://t.co/tn5HjIklhk
The typical renter makes $11,000 less per year than is needed to afford the median-priced U.S. apartment. The income renters need to afford the typical apartment is the highest since 2022 amid a rebound in rent prices. #housing
A new housing report from Harvard University found that would-be homebuyers need to make more money than ever if they want to buy a home in Texas’ urban areas. https://t.co/HOT5c766GL
Want to buy a mid-priced home in Austin, Dallas or Houston? You'll need to earn over $100,000. | via @keranews https://t.co/WZLvGXfKmL
A Zillow analysis of major U.S. metropolitan areas shows that a home buyer making the median income needs to put down nearly $127,750, or 35.4%, to comfortably afford a typical U.S. home. https://t.co/DzpDKu0rlj https://t.co/KsAcEZOMM3
Today, the scenario has drastically changed. To afford a median-priced home costing $342,941, buyers need an annual income of $106,000. https://t.co/7TqNrU8529
To comfortably afford a home, prospective buyers need to earn 80% more than they did just four years ago. Unfortunately, median incomes have increased by only 23% during the same period, exacerbating the affordability gap. https://t.co/7TqNrU8529
Millions of Americans are already shut out of buying a home, and the cost of buying one continues to rise. In nearly half of metro areas, buyers must make more than $100,000 to afford a median-priced home, a Harvard University report finds. https://t.co/zu2cNz9DvE
Median income home buyers in Austin would need to put down a more than $200,000 payment to afford a typical mortgage payment https://t.co/9QdtD1pFeb
If you don’t make more than $100,000 per year, you can’t afford to buy a median-priced home in three of Texas’ largest metro areas: Dallas-Fort Worth, greater Houston and the Austin area. | via @keranews https://t.co/cDzsQhe4Jw
Middle-class Americans would need to put 35.4%, or $127,000, down on the average home costing $360,000 in the U.S. today to afford it, according to a Zillow report Wednesday. https://t.co/fSe6r3T1hJ
To afford a monthly mortgage payment, middle-class Americans need to put more than $127,000 down: Zillow • A median-income household would need to put 35.4% down to afford the payments on a typical U.S. home. • Five years ago, the typical U.S. home would have been affordable…