Housing Affordability Crisis

The Housing Affordability Crisis

Housing affordability has become one of the most pressing social and economic issues in the United States. Our analysis reveals that % of major American cities have severely or extremely unaffordable housing markets, where median home prices are more than 5 times the median household income.

The median home in the U.S. now costs , while the median monthly rent is . Nationwide, the typical home costs times the median annual household income, well above the 3.0 ratio traditionally considered affordable.