Share of renters who can afford to buy a home in the U.S. 2022, by metro

Published by Statista Research Department, Sep 30, 2024
Just a small share of renters in the United States were homeowner ready in 2022. In El Paso, TX, the percentage of renters who could afford to buy a home with a seven percent mortgage was the highest at about 39 percent. Homeownership in Urban Honolulu, HI, San Diego, CA, and Los Angeles, CA, was most out of reach, with less than five percent who could afford to buy a home.

Share of renters who can afford to buy the median-priced home in the largest metros in the United States in 2022

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Release date

December 2022

Region

United States

Survey time period

October 2021 to October 2022

Supplementary notes

Home buying costs include a seven percent interest rate.

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Affordable housing in the U.S.Construction industry in the U.S.Gen Z and the housing market in the U.S.Housing market in the U.S.Millennials homeownership in the U.S.
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