{"id":990181,"date":"2026-08-05T08:30:05","date_gmt":"2026-08-05T12:30:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-income-needed-to-afford-typical-american-home-holds-steady-near-record-high-of-110000\/"},"modified":"2026-08-05T08:30:05","modified_gmt":"2026-08-05T12:30:05","slug":"the-income-needed-to-afford-typical-american-home-holds-steady-near-record-high-of-110000","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-income-needed-to-afford-typical-american-home-holds-steady-near-record-high-of-110000\/","title":{"rendered":"The Income Needed to Afford Typical American Home Holds Steady Near Record High of $110,000"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n The income needed to buy a home is roughly $22,000 above what the typical U.S. household earns, according to Redfin. But the gap is shrinking: it was $26,000 a year ago, and $29,000 two years ago. <\/i>\n <\/p>\n

\n SEATTLE<\/span>, Aug. 5, 2026<\/span> \/PRNewswire\/ — Americans need to earn $109,796 to afford the typical U.S. home for sale\u2014down 0.5% from an all-time high of $110,382 a year ago\u2014according to a new report<\/a>\u00a0from Redfin<\/a>, the real estate brokerage powered by Rocket.<\/p>\n

\n

\n \"Redfin,\n <\/p>\n<\/p><\/div>\n

Redfin considers a home affordable if a buyer taking out a mortgage would spend no more than 30% of their income on their monthly housing payment. This is based on a Redfin analysis of median home sale prices, prevailing mortgage rates and property-tax payments, and assumes a 15% down payment. This report focuses on June 2026\u2014the most recent period for which data is available.<\/p>\n

\n Homebuying affordability is essentially flat from a year ago because monthly housing costs are increasing<\/b>
\n \u2014<\/b>
\n and incomes are increasing at a similar rate:<\/b>\n <\/p>\n