Three States Stand Out as Affordable for Homebuyers, Study Finds
TL;DR Summary
A study using the 30% of income rule for housing costs finds only Louisiana, Iowa, and Minnesota meet affordability for typical homebuyers; California is among the least affordable. Nationally, median home prices rose above $400,000 in late 2024 and stayed high into 2026, while mortgage rates have remained elevated since 2022, keeping many markets outside the affordability threshold.
- Study finds homes are affordable in these three states...and that’s it The Independent
- Mapped: Where Americans Can Still Afford Their First Home Newsweek
- Mapped: Years of Income Needed to Buy a Home by State Voronoi
- Louisiana Is One of America’s Last Affordable States to Buy a Home 97.3 The Dawg
- Starter Homes Are Out of Reach for Most First-Time Buyers—Except in These Affordable States Realtor.com
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