Redfin Says $109,796 Income Buys a Typical US Home, Down 0.5% From 2025 Peak

3 articles · Updated · Yahoo Finance · Aug 5

$109,796 in annual income was needed to afford a median-priced U.S. home in the 12 months through June, a slight drop from the $110,382 record a year earlier.
Redfin said affordability was essentially flat because a 2.2% rise in home prices was offset by higher household income, which climbed to $87,599 from $84,257.
The gap between what a typical household earns and what it needs to keep housing costs under 30% of income narrowed to nearly $22,200 from $26,125 last year, but still leaves many first-time buyers priced out.
34.2% of listings were affordable to the typical buyer, up from 30.5% a year earlier, and affordability improved in 24 of the 46 largest metro areas.
Only St. Louis, Indianapolis and Pittsburgh had typical household incomes above the level needed to buy a home, underscoring how limited affordability remains nationwide.