How Homes Became Unaffordable in America in One Chart

Key Takeaways

• The median sales price of a new home in the U.S. in 2023 was $428,600
• It was more than 5x the median household income that year: $80,610
• Since the 60s, the home price to income ratio has peaked in the following years: 2021–2022 (5.8x), 2014 (5.5x), 2005 (5.4x)

See the animated version of this chart on Visual Capitalist’s website.

❗Data Footnotes

Home prices are for newly sold residential units including both apartments and single-family homes.