Home Price to Household Income Ratio: New Single Family Homes, Married with Children Households [OC]

    by xellotron

    7 Comments

    1. Source for New Single Family Home Prices: [Median Sales Price of Houses Sold for the United States (MSPUS) | FRED | St. Louis Fed (stlouisfed.org)](https://fred.stlouisfed.org/series/MSPUS)

      Source for Household Income – Married with Children Households: [Household Income: HINC-04 (census.gov)](https://www.census.gov/data/tables/time-series/demo/income-poverty/cps-hinc/hinc-04.html). 2024 estimated using: [Wage Growth Tracker – Federal Reserve Bank of Atlanta (atlantafed.org)](https://www.atlantafed.org/chcs/wage-growth-tracker)

      Tools: Excel.

    2. This is saying home prices haven’t really gone up much compared to income from 10 years ago?

    3. This can’t be accurate, at least where I live, where median income ($130K) is 1/10 median house price ($1.3M) (house of any age). Where is this accurate, because I need to move there.

    4. I have only seen visualizations of home prices as a ratio of median household income for all household types, which includes single people, elderly, widows, students, etc. I thought it would be interesting to show home prices as a ratio of married with children families – what one could describe as the most likely buyer for a single family home (as compared to single-adult households which may be more likely to purchase or rent apartments or townhomes). The difference in income between all households and married with children households is significant – $81k vs $131k. In showing the data this way, you can see that for married with children households, home prices are not dramatically different today than they have been over the last 24 years.

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