This shows county median home values divided by county median household income, both for 2023.

For example a score of “5” means the median home price in that county is 5 times the median household income in that county.

Generally, a score under 4 is considered affordable, 4-6 is pushing it, and over 6 is unaffordable for the median income.

There are of course other factors to consider such as property tax, down payment amount, assistance programs, etc. Property tax often varies at the city/township level so is impossible to accurately show.

Median Household Income Data is from US Census Bureau.

Median Home Value from National Association of Realtors, and Zillow/Redfin .

Home Values Data Link with map (missing data pulled from Zillow/Redfin/Realtor)

https://www.nar.realtor/research-and-statistics/housing-statistics/county-median-home-prices-and-monthly-mortgage-payment

Source: https://ghostarchive.org/archive/YaavC

  • ME5SENGER_24@lemmy.worldEnglish
    1·
    6 months ago

    That’s the division of the value of the home to earnings. I’d like to know the median salary by county. Buying a house in West Bumblefuck, Nebraska and earning $30k a year means you’re never leaving West Bumblefuck. I’m in a red zone and would love to trade that for somewhere more affordable, but I can’t unless I’m earning enough to live somewhere cost efficient that still allows me to travel and have an exciting life.

    (Sorry Nebraska)