Story perspectives

Only 28% of U.S. Homes Affordable for Median Earners

8/27/2025

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Summary

Story summary

Only 28% of U.S. homes are affordable for median-income buyers, largely due to rising mortgage rates.
The maximum affordable home price has dropped to $298,000 from $325,000 in 2019, despite a 15.7% wage increase.
Milwaukee and Houston saw the largest declines in buying power; Milwaukee's affordable price fell by $33,000.
Cleveland experienced a slight increase, with 50% of homes affordable for median earners.
Rapid home price growth continues to exceed wage gains, reducing affordable options nationwide.

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Story summary

Only 28% of U.S. homes are affordable for median-income buyers, largely due to rising mortgage rates.
The maximum affordable home price has dropped to $298,000 from $325,000 in 2019, despite a 15.7% wage increase.
Milwaukee and Houston saw the largest declines in buying power; Milwaukee's affordable price fell by $33,000.
Cleveland experienced a slight increase, with 50% of homes affordable for median earners.
Rapid home price growth continues to exceed wage gains, reducing affordable options nationwide.