In the current context of the real estate market in the United States, Acquiring a home has become a significant challenge for many families.
House prices continue to increase and mortgage rates remain high, which has made buying a home less and less accessible to the average home. This situation is affecting much of the population, even those who have moderately high income.
The constant increase in properties prices has not been accompanied by proportional growth in homes. In fact, almost half of American families cannot afford a housing valued at US $ 250,000, while the average price of a new house is around US $ 495,750, this according to the National Association of Housing Builders.
According to data collected by the Realtoria Realtor.com agency, by 2025, It is estimated that in all states of the country, except in 15, buyers will need six -digit salaries to be able to acquire an average price house.
The data calculated the annual income required to buy a typical three -bedroom house, Considating an initial payment of 10 %, a fixed mortgage rate of 6.65 % to 30 years and a limit of 30 % of the income for the cost of the house, including taxes and insurance.
When analyzing the most expensive states to buy housingin the first place is Hawaii, where an annual income of US $ 229,000 is required to acquire a three -bedroom house.
It is followed by Massachusetts with US $ 216,000, California with US $ 210,000, New York with US $ 190,000 and Montana with US $ 177,000. The latter is a striking case, since its average income is relatively low, which accentuates the lack of affordability in that state. Although Montana has a reduced population, strong demand and increase in housing prices have positioned the State among the least affordable
On the other hand, there are exceptions in the country. States such as Occidental Virginia, Mississippi, Ohio and Indiana present the lowest required income to acquire an average home.
In Western Virginia, for example, the necessary income is approximately US $ 71,000, What is below the state of state of US $ 90,000, suggesting that there are still purchase opportunities for average households in some regions.
