Housing affordability has plummeted over the last few years as national home prices have risen more than 40% and mortgage rates have more than doubled.
Annual salary needed for median-priced home: $63,043
% change from 2020: 40.6%
Median home price: $228,500
Monthly mortgage payment: $1,471
Source: Bankrate
Annual salary needed for median-priced home: $64,071
% change from 2020: 41.1%
Median home price: $215,300
Monthly mortgage payment: $1,495
Source: Bankrate
Annual salary needed for median-priced home: $64,714
% change from 2020: 52.7%
Median home price: $239,900
Monthly mortgage payment: $1,510
Source: Bankrate
Annual salary needed for median-priced home: $65,143
% change from 2020: 55.8%
Median home price: $237,700
Monthly mortgage payment: $1,520
Source: Bankrate
Annual salary needed for median-priced home: $65,186
% change from 2020: 52.9%
Median home price: $243,100
Monthly mortgage payment: $1,521
Source: Bankrate
Annual salary needed for median-priced home: $65,314
% change from 2020: 39.9%
Median home price: $223,500
Monthly mortgage payment: $1,524
Source: Bankrate
Annual salary needed for median-priced home: $65,443
% change from 2020: 41%
Median home price: $226,400
Monthly mortgage payment: $1,527
Source: Bankrate
Annual salary needed for median-priced home: $66,343
% change from 2020: 37%
Median home price: $228,100
Monthly mortgage payment: $1,548
Source: Bankrate
Annual salary needed for median-priced home: $66,986
% change from 2020: 42.9%
Median home price: $237,100
Monthly mortgage payment: $1,563
Source: Bankrate
Annual salary needed for median-priced home: $67,886
% change from 2020: 24.9%
Median home price: $244,100
Monthly mortgage payment: $1,584
Source: Bankrate
Annual salary needed for median-priced home: $69,514
% change from 2020: 47.8%
Median home price: $263,900
Monthly mortgage payment: $1,622
Source: Bankrate
Annual salary needed for median-priced home: $72,343
% change from 2020: 29.3%
Median home price: $243,600
Monthly mortgage payment: $1,688
Source: Bankrate
Annual salary needed for median-priced home: $73,414
% change from 2020: 9.2%
Median home price: $259,200
Monthly mortgage payment: $1,713
Source: Bankrate
Annual salary needed for median-priced home: $74,957
% change from 2020: 61.8%
Median home price: $297,400
Monthly mortgage payment: $1,749
Source: Bankrate
Annual salary needed for median-priced home: $78,343
% change from 2020: 35.2%
Median home price: $264,500
Monthly mortgage payment: $1,828
Source: Bankrate
Annual salary needed for median-priced home: $78,814
% change from 2020: 45.3%
Median home price: $274,700
Monthly mortgage payment: $1,839
Source: Bankrate
Annual salary needed for median-priced home: $82,157
% change from 2020: 45.8%
Median home price: $1,917
Monthly mortgage payment: $273,000
Source: Bankrate
Annual salary needed for median-priced home: $82,500
% change from 2020: 50.2%
Median home price: $316,200
Monthly mortgage payment: $1,925
Source: Bankrate
Annual salary needed for median-priced home: $82,586
% change from 2020: 27.2%
Median home price: $258,000
Monthly mortgage payment: $1,927
Source: Bankrate
Annual salary needed for median-priced home: $87,686
% change from 2020: 56%
Median home price: $313,700
Monthly mortgage payment: $2,046
Source: Bankrate
Annual salary needed for median-priced home: $91,886
% change from 2020: 35.3%
Median home price: $323,900
Monthly mortgage payment: $2,144
Source: Bankrate
Annual salary needed for median-priced home: $92,443
% change from 2020: 41.4%
Median home price: $352,300
Monthly mortgage payment: $2,157
Source: Bankrate
Annual salary needed for median-priced home: $92,657
% change from 2020: 61.2%
Median home price: $354,100
Monthly mortgage payment: $2,162
Source: Bankrate
Annual salary needed for median-priced home: $94,371
% change from 2020: 70.1%
Median home price: $365,600
Monthly mortgage payment: $2,202
Source: Bankrate
Annual salary needed for median-priced home: $95,529
% change from 2020: 61%
Median home price: $352,400
Monthly mortgage payment: $2,229
Source: Bankrate
Annual salary needed for median-priced home: $96,600
% change from 2020: 67.3%
Median home price: $372,800
Monthly mortgage payment: $2,254
Source: Bankrate
Annual salary needed for median-priced home: $97,800
% change from 2020: 33.9%
Median home price: $349,400
Monthly mortgage payment: $2,282
Source: Bankrate
Annual salary needed for median-priced home: $98,486
% change from 2020: 37.1%
Median home price: $369,300
Monthly mortgage payment: $2,298
Source: Bankrate
Annual salary needed for median-priced home: $100,629
% change from 2020: 30.1%
Median home price: $332,600
Monthly mortgage payment: $2,348
Source: Bankrate
Annual salary needed for median-priced home: $102,557
% change from 2020: 64.6%
Median home price: $374,800
Monthly mortgage payment: $2,393
Source: Bankrate
Annual salary needed for median-priced home: $106,971
% change from 2020: 43.7%
Median home price: $397,600
Monthly mortgage payment: $2,496
Source: Bankrate
Annual salary needed for median-priced home: $108,257
% change from 2020: 42.2%
Median home price: $387,800
Monthly mortgage payment: $2,526
Source: Bankrate
Annual salary needed for median-priced home: $110,271
% change from 2020: 65.3%
Median home price: $433,000
Monthly mortgage payment: $2,573
Source: Bankrate
Annual salary needed for median-priced home: $111,557
% change from 2020: 56.6%
Median home price: $434,400
Monthly mortgage payment: $2,603
Source: Bankrate
Annual salary needed for median-priced home: $114,386
% change from 2020: 65%
Median home price: $447,100
Monthly mortgage payment: $2,669
Source: Bankrate
Annual salary needed for median-priced home: $114,471
% change from 2020: 55.7%
Median home price: $388,500
Monthly mortgage payment: $2,671
Source: Bankrate
Annual salary needed for median-priced home: $114,771
% change from 2020: 57.3%
Median home price: $403,500
Monthly mortgage payment: $2,678
Source: Bankrate
Annual salary needed for median-priced home: $119,614
% change from 2020: 37.6%
Median home price: $377,600
Monthly mortgage payment: $2,791
Source: Bankrate
Annual salary needed for median-priced home: $129,129
% change from 2020: 46.2%
Median home price: $482,800
Monthly mortgage payment: $3,013
Source: Bankrate
Annual salary needed for median-priced home: $130,329
% change from 2020: 54.4%
Median home price: $445,400
Monthly mortgage payment: $3,041
Source: Bankrate
Annual salary needed for median-priced home: $131,357
% change from 2020: 77.7%
Median home price: $507,100
Monthly mortgage payment: $3,065
Source: Bankrate
Annual salary needed for median-priced home: $132,343
% change from 2020: 50.8%
Median home price: $460,800
Monthly mortgage payment: $3,088
Source: Bankrate
Annual salary needed for median-priced home: $133,886
% change from 2020: 70.3%
Median home price: $525,500
Monthly mortgage payment: $3,124
Source: Bankrate
Annual salary needed for median-priced home: $148,286
% change from 2020: 32.9%
Median home price: $521,800
Monthly mortgage payment: $3,460
Source: Bankrate
Annual salary needed for median-priced home: $152,186
% change from 2020: 45%
Median home price: $495,600
Monthly mortgage payment: $3,551
Source: Bankrate
Annual salary needed for median-priced home: $152,229
% change from 2020: 54.5%
Median home price: $591,400
Monthly mortgage payment: $3,552
Source: Bankrate
Annual salary needed for median-priced home: $156,814
% change from 2020: 52.9%
Median home price: $587,200
Monthly mortgage payment: $3,659
Source: Bankrate
Annual salary needed for median-priced home: $162,471
% change from 2020: 40.3%
Median home price: $572,900
Monthly mortgage payment: $3,791
Source: Bankrate
Annual salary needed for median-priced home: $185,829
% change from 2020: 46.1%
Median home price: $735,900
Monthly mortgage payment: $4,336
Source: Bankrate
Annual salary needed for median-priced home: $197,057
% change from 2020: 48%
Median home price: $739,200
Monthly mortgage payment: $4,598
Source: Bankrate