Sky-high housing prices make even starter homes too expensive for most Americans, housing data show.

Fewer than 4 in 10 non-homeowner households can afford a typical starter home priced around $200,000, according to LendingTree. Households need an annual income of roughly $117,000 to afford the average home, real estate firm Redfin has found.

  • TubularTittyFrog@lemmy.worldEnglish
    1·
    15 days ago

    they exist in places you would not want to live, about 2-3 hours from major urban areas, often in rural or small cities that have high rates of poverty and drug use.

    the reason starter homes in desirable areas are a million dollar sis because people want to live there and the quality of life is very high.