Home prices in the U.S. have surged, with a typical single-family home listed at $440,950 in June 2025, a 47% increase since early 2020. Despite rising prices, wages for full-time workers grew only 1.6% after adjusting for inflation, leading to a housing affordability crisis affecting 75% of U.S. households. Location has a significant impact on home prices, with some cities experiencing decreases, while the overall trend shows prices continue to climb, particularly amid high mortgage rates.
The typical single family home in the United States was listed for $440,950 in June 2025, marking an increase of over 47% since early 2020.
An estimated 75% of U.S. households are unable to afford a typical home in today's market, contributing to a housing affordability crisis.
While home prices have surged, median wages climbed by only 1.6% since early 2020, exacerbating the affordability issue.
Notably, there are cities in most states where home prices are less expensive today than they were a year ago.
Collection
[
|
...
]