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Fortune

Alena Botros

Americans need to make six figures to afford a median-price home

Realtorcom Pandemic silver Housing Market

(Credit: Photo illustration by Fortune; original photo by Getty Images)

In April, the national median list price for a home was about $431,250, a Realtor.com analysis revealed. So to comfortably afford a typical home, a household needs to earn about $114,000 a year. But after years of wild home price appreciation, there’s been a slowdown.

The pandemic changed the housing world. Americans need to earn about 70% more today than six years ago to comfortably afford a median-priced home, a Realtor.com monthly analysis published Thursday revealed.

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