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Posts from June 28th, 2026

Rachel Kirk Blog

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June
28

If you've ever thought, "Buying a home seems so much harder today than it was for my parents," you're not imagining it.

There are many reasons housing feels different today, but one simple comparison helps explain why.

Economists often compare the median home price with the median household income. This is known as the price-to-income ratio. It doesn't predict whether a particular family can afford a home, but it does provide a useful way to compare housing affordability across different places and different points in time.

Years ago, a typical home in the United States cost about three times the median household income.

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