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By 2025: 70% of U.S. Households Face Housing Crisis

4/1/2025

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Summary

Story summary

By 2025, 70% of U.S. households, or 94 million, will struggle to afford a $400,000 home.
The projected median price for new homes is $460,000.
A notable gap exists between purchasing power and available housing, particularly for homes under $200,000.
Around 52.87 million households can afford homes priced at $200,000 or less, yet only 22 million such homes are available.
This highlights a severe shortage of affordable housing nationwide.

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Story summary

By 2025, 70% of U.S. households, or 94 million, will struggle to afford a $400,000 home.
The projected median price for new homes is $460,000.
A notable gap exists between purchasing power and available housing, particularly for homes under $200,000.
Around 52.87 million households can afford homes priced at $200,000 or less, yet only 22 million such homes are available.
This highlights a severe shortage of affordable housing nationwide.