The Income You Need to Afford a “Starter Home” in Each State
Nationally, the household income required to afford the "typical" starter home is up more than 100%, according to new research from Realtor.com.
Incomes have also risen in recent years, though not nearly at the same pace.
What is the necessary household income to own a home at a 7% mortgage rate? There are many factors involved, and it varies by state.
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