Sean Pavone / Louisiana
- Housing prices have increased, increasing the income required for home ownership by 49.5% since 2020: Bankrate
- Two -thirds of states have increased the necessary income of more than 50%; Utah leads with an increase of 89%.
- But some states, such as Ohio, Alabama and Missouri, are even more affordable.
Buying a house has become much more difficult from the pandemic.
The prices of houses that have been increasing throughout the country since 2020, the average household income necessary to buy a house at the median national price increased by 49.5%, according to a new report from Bankrate.
About two -thirds of the States have increased in the required income by more than 50%. Utah comes first with an increase of 89% in the past five years, according to the report.
But on an absolute basis, some household revenues required to buy the average house are still quite reasonable, well below the American average of $ 116,986 – which buys a house of $ 418,489.
However, given the national increase in the national income to buy a house, the report listed some tips to enter the market, such as improving your credit scoring to guarantee a lower mortgage rate; Discover the aid aid programs; Watch cheaper options like condos; And while simply waiting to be in a better financial situation.
You will find below the 10 states with the lowest household income necessary to buy the house at median state prices, classified in decreasing order, according to the Bankrate study. The increase in income required since 2020 is also included, as is the median price of houses and its monthly mortgage payment.
10. Alabama
Sean Pavone / Shutterstock
9. Louisiana
Sean Pavone / Louisiana
8. Missouri
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7. Michigan
Kirby Lee / Getty images
6. Arkansas
Sean Pavone / Shutterstock
5. Indiana
Sean Pavone / Shutterstock
4. Mississippi
Chad Robertson Media / Shutterstock
3. Ohio
Laura McKenzie Waters / Getty Images
2. Iowa
Jacob Boomsma / Shutterstock
1. Virginie-Western
Firepphotography1 / Shutterstock
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