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Share of homes affordable to teachers in the U.S. 2018, by metro

Share of homes affordable to teachers in selected cities in the United States in 2018, by metro

Share of homes affordable to teachers in the U.S. 2018, by metro This statistic shows the share of homes affordable to teachers in the United States in 2018, by metro. In 2018, only 0.7 percent of homes in San Francisco were affordable for teachers, whereas 79.5 percent of homes in Bakersfield, CA were affordable for teachers.
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Share of homes affordable to teachers in selected cities in the United States in 2018, by metro

Share of listings affordable to teachers
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Share of listings affordable to teachers
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This statistic shows the share of homes affordable to teachers in the United States in 2018, by metro. In 2018, only 0.7 percent of homes in San Francisco were affordable for teachers, whereas 79.5 percent of homes in Bakersfield, CA were affordable for teachers.
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Release date
April 2018
Region
United States
Survey time period
2018
Supplementary notes
Teachers here include elementary, middle and secondary school teachers and the median income is calculated by taking the average of these sub-categories. Restaurant workers include cooks, food preparation workers, bartenders, and waiters and waitresses. First responders include police and sheriff’s patrol officers and firefighters. Doctors here are family and general practitioners. Programmers include computer programmers, software developers (applications), software developers (systems software) and web developers.
The source adds the following information: "affordability is defined as spending 31% or less of one’s monthly income on housing. In order to find the share of affordable homes on the market for the median income earner for each occupation we calculate the maximum amount that each person can allocate towards a mortgage payment based on their wage. We evaluated the listing price of each home effective March 29. We subtracted a 20% down payment and calculated the monthly mortgage payment using the prevailing 30-year mortgage rate (4.44%) at that time. We also considered HOA fees, mortgage insurance and property taxes. Finally, we took the number of listed properties that the median income earner for each occupation could afford."
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Statistics on "Affordable housing in the United States"
  • Overview
  • Affordability by profession
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  • Home purchase behavior
  • Manufactured homes
  • Affordable housing access
  • Obstacles to improving access
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