Median-priced homes aren't affordable in 74% of U.S. housing markets

ATTOM Data Solutions | September 25, 2019

The average wage earner can’t afford a median-priced home in 74% of U.S. markets, according to a new study from ATTOM Data Solutions. According ATTOM's 2019 U.S. Home Affordability Report, median home prices in the third quarter of 2019 were not affordable for average wage earners in 371 of 498 U.S. counties analyzed. The largest populated counties where a median-priced home in Q3 of 2019 was not affordable for average wage earners included Los Angeles County, California; Cook County, Illinois; Maricopa County, Arizona; San Diego County, California; and Orange County, California. These are some of the 67% of markets where it requires at least 30% of wages to buy a home.

Spotlight

Local Demographics provides up-to-date and meaningful insights into the population living around a location or in any defined area within the U.S. and Canada. This widget allows MLSs, brokerages, and end users to learn more about a specific location and its demographics.

The new SDK exists as an out-of-the-box solution ready for implementation that requires minimal development and design effort.

Using Local Demographics, real estate players can integrate and display information on their listing site to allow home buyers and renters to better understand the area where their property of interest is located.


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Spotlight

Local Demographics provides up-to-date and meaningful insights into the population living around a location or in any defined area within the U.S. and Canada. This widget allows MLSs, brokerages, and end users to learn more about a specific location and its demographics.

The new SDK exists as an out-of-the-box solution ready for implementation that requires minimal development and design effort.

Using Local Demographics, real estate players can integrate and display information on their listing site to allow home buyers and renters to better understand the area where their property of interest is located.

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