Homebuyers Need to Earn $35,000 More Than Renters to Afford Monthly Payments. That’s the Smallest Gap in 3 Years.
By: Dana Anderson | Published: 2026-02-11 13:30:47 | Source: www.redfin.com
- Homebuyers need to earn $111,000 annually to afford the median-priced home, compared with $76,000 for renters. The median household income is $86,000.
- While that’s a significant gap, the rent-versus-buy gap is the smallest it has been in 3 years. It’s narrowing as buying gets slightly more affordable and renting gets slightly more expensive.
- Zooming in, the rent-versus-buy gap…
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