Redfin Reports Homeowners Need to Earn Over $50,000 More Than Renters to Afford Monthly Payments—And the Gap is Widening
Redfin reports that Americans now need an annual income of $116,633 to afford the median-priced home, which is 81.8% more than the $64,160 required for typical rental payments. This gap has significantly widened from 2021, when the homebuying income requirement was only 17.3% higher than renting.
The disparity is driven by a 4.5% year-over-year increase in median home prices to $423,892 in February, combined with mortgage rates above 6.5%. Meanwhile, median asking rents rose just 0.2% to $1,604, stabilized by increased apartment supply.
Salt Lake City and Austin experienced the largest increases in the homebuying premium, while Cincinnati and Providence saw the biggest decreases. The San Jose area requires the highest income for homebuying at $408,557, while Pittsburgh shows the smallest gap between renting and buying income requirements.
Redfin riporta che gli americani ora necessitano di un reddito annuale di $116,633 per permettersi una casa a prezzo medio, che è il 81.8% in più rispetto ai $64,160 richiesti per i pagamenti di affitto tipici. Questo divario è significativamente aumentato dal 2021, quando il reddito necessario per l'acquisto di una casa era solo il 17.3% superiore a quello per l'affitto.
La disparità è guidata da un aumento del 4.5% su base annua dei prezzi medi delle case, che hanno raggiunto $423,892 a febbraio, combinato con tassi ipotecari superiori al 6.5%. Nel frattempo, gli affitti medi sono aumentati solo dello 0.2% a $1,604, stabilizzati da un aumento dell'offerta di appartamenti.
Salt Lake City e Austin hanno registrato i maggiori aumenti nel premio per l'acquisto di case, mentre Cincinnati e Providence hanno visto i maggiori cali. L'area di San Jose richiede il reddito più alto per l'acquisto di una casa, pari a $408,557, mentre Pittsburgh mostra il divario più piccolo tra i requisiti di reddito per affittare e comprare.
Redfin informa que los estadounidenses ahora necesitan un ingreso anual de $116,633 para poder comprar una casa de precio medio, lo que representa un 81.8% más que los $64,160 requeridos para los pagos de alquiler típicos. Esta brecha se ha ampliado significativamente desde 2021, cuando el ingreso necesario para comprar una casa era solo un 17.3% más alto que el de alquilar.
La disparidad se debe a un aumento del 4.5% interanual en los precios medianos de las casas, que alcanzaron $423,892 en febrero, combinado con tasas hipotecarias superiores al 6.5%. Mientras tanto, los alquileres medianos solo aumentaron un 0.2% hasta $1,604, estabilizados por un aumento en la oferta de apartamentos.
Salt Lake City y Austin experimentaron los mayores aumentos en la prima de compra de vivienda, mientras que Cincinnati y Providence vieron las mayores disminuciones. El área de San Jose requiere el ingreso más alto para comprar una casa, con $408,557, mientras que Pittsburgh muestra la menor brecha entre los requisitos de ingresos para alquilar y comprar.
Redfin에 따르면, 미국인들은 이제 중간 가격의 집을 구매하기 위해 연간 $116,633의 소득이 필요하며, 이는 일반적인 임대료에 필요한 $64,160보다 81.8% 더 많습니다. 이 격차는 2021년과 비교하여 크게 확대되었으며, 당시 주택 구매 소득 요구 사항은 임대료보다 단지 17.3% 더 높았습니다.
이 격차는 2월 중간 주택 가격이 $423,892로 4.5%의 연간 증가가 있었고, 모기지 금리가 6.5%를 초과하는 것에 의해 주도되고 있습니다. 한편, 중간 임대료는 0.2%만 상승하여 $1,604에 이르렀으며, 이는 증가한 아파트 공급에 의해 안정화되었습니다.
솔트레이크시티와 오스틴은 주택 구매 프리미엄에서 가장 큰 증가를 경험했으며, 신시내티와 프로비던스는 가장 큰 감소를 보였습니다. 산호세 지역은 주택 구매를 위해 가장 높은 소득인 $408,557가 필요하며, 피츠버그는 임대와 구매 소득 요구 사항 사이의 격차가 가장 작습니다.
Redfin rapporte que les Américains ont désormais besoin d'un revenu annuel de $116,633 pour se permettre une maison au prix médian, ce qui représente 81.8% de plus que les $64,160 requis pour des paiements de loyer typiques. Cet écart s'est considérablement élargi depuis 2021, lorsque le revenu nécessaire à l'achat d'une maison n'était que 17.3% supérieur à celui de la location.
Cette disparité est due à une augmentation de 4.5% d'une année sur l'autre des prix médians des maisons, atteignant $423,892 en février, combinée à des taux hypothécaires supérieurs à 6.5%. Pendant ce temps, les loyers médians ont seulement augmenté de 0.2% pour atteindre $1,604, stabilisés par une augmentation de l'offre d'appartements.
Salt Lake City et Austin ont connu les plus fortes hausses de la prime d'achat de maisons, tandis que Cincinnati et Providence ont enregistré les plus fortes baisses. La région de San Jose nécessite le revenu le plus élevé pour l'achat d'une maison, à $408,557, tandis que Pittsburgh montre le plus petit écart entre les exigences de revenus pour la location et l'achat.
Redfin berichtet, dass Amerikaner nun ein jährliches Einkommen von $116,633 benötigen, um sich ein medianpreisliches Zuhause leisten zu können, was 81.8% mehr ist als die $64,160, die für typische Mietzahlungen erforderlich sind. Diese Lücke hat sich im Vergleich zu 2021 erheblich vergrößert, als die Einkommensanforderung für den Hauskauf nur 17.3% höher war als die für das Mieten.
Die Diskrepanz wird durch einen 4.5% Anstieg der medianen Hauspreise auf $423,892 im Februar und Hypothekenzinsen über 6.5% angetrieben. In der Zwischenzeit stiegen die medianen Angebotsmieten nur um 0.2% auf $1,604, stabilisiert durch ein erhöhtes Angebot an Wohnungen.
Salt Lake City und Austin verzeichneten die größten Anstiege in der Hauskaufprämie, während Cincinnati und Providence die größten Rückgänge erlebten. Das Gebiet San Jose benötigt das höchste Einkommen für den Hauskauf mit $408,557, während Pittsburgh die kleinste Lücke zwischen den Einkommensanforderungen für Mieten und Kaufen aufweist.
- Rental market stabilization with just 0.2% YoY increase in median asking rents
- New apartment construction helping to moderate rental prices
- Median home prices increased 4.5% YoY to $423,892
- Mortgage rates remain elevated above 6.5%
- Growing affordability gap between buying and renting
- Typical US household income ($86,382) falls $30,000 short of required homebuying income
- Supply constraints in the for-sale market driving up prices
Americans need an annual income of
Last year, someone needed to earn
The cost of buying a home is rising faster than the cost of renting, which is why there’s a growing gap between the income someone needs to afford their own home versus an apartment. The median home-sale price rose
Meanwhile, the median asking rent rose just
Back in 2020 and 2021, rents were skyrocketing and mortgage rates hit record lows, which is why the income needed to afford a home was only about
“It has become increasingly challenging for American renters to make the shift to homeownership thanks to the triple whammy of rising home prices, high mortgage rates and a shortage of houses for sale,” said Redfin Senior Economist Elijah de la Campa. “The gap between what someone must earn to buy versus rent may shrink in the coming months, but only because rents are expected to rise as the number of new apartments hitting the market tapers off due to a construction slowdown.”
In
Next came
In most of these places, asking rents are falling while home prices are rising, which is why the gap is widening. Take
Rents are falling sharply in pandemic boomtowns including
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Only five other CBSAs saw decreases:
In all of these places, rents are rising faster than home prices, which is why the gap is shrinking. In
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Y/Y change in median asking rent |
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“The increase in rents is definitely having an impact on the for-sale market—a lot of people are looking to buy instead of rent, and many of those people are first-time homebuyers in their mid-to-late twenties,” said Cody
The Bay Area Has the Biggest Homebuying Premium; Pittsburgh Has the Smallest
In
Most of these places are West Coast tech hubs that have long been known as expensive. The
Of note is that
In
To view the full report, including charts and methodology, please visit:
https://www.redfin.com/news/rent-vs-buy-income-gap-2025
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250410016094/en/
Contact Redfin
Redfin Journalist Services:
Kenneth Applewhaite
press@redfin.com
Source: Redfin
FAQ
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