The Income Needed to Afford Typical American Home Holds Steady Near Record High of $110,000

The Income Needed to Afford Typical American Home Holds Steady Near Record High of $110,000

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.