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)
This is saying home prices haven’t really gone up much compared to income from 10 years ago?
CatsEatGrass on
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.
xellotron on
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.
polygenic_score on
Bad looking excel bar chart. Hire a data viz specialist for gods sakes
InvestInHappiness on
That tracks, if I had a good income I would also have gotten married and had kids.
7 Comments
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.
This is saying home prices haven’t really gone up much compared to income from 10 years ago?
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.
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.
Bad looking excel bar chart. Hire a data viz specialist for gods sakes
That tracks, if I had a good income I would also have gotten married and had kids.
Then add another line for daycare expenses.