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In terms of financial objectives, home ownership remains the one that many are targeting. But thanks to the state of the market, the idea of power offer this dream house May feel pretty desperate compared to a few years ago. In fact, new data show that you must earn at least six digits per year to be able to afford a house in almost half of all states.

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The latest analysis comes from the Bankrate.com personal financing website, which assessed the Sale price at median home For January 2020 and January 2024 for the 50 states. They then used these prices to calculate the monthly mortgage payments to determine the affordability, assuming that house buyers will not spend more than 28% of their total income.

The results show that the national house at median prices costs $ 402,343, which requires an annual income of $ 110,871. This is a 50% leap over the past four years.

Research also shows that it becomes increasingly difficult to find affordable accommodation in more places. In 2024, there were 22 states where a six -digit salary is necessary to afford a new house, showing a spectacular increase compared to the six states where it was necessary in 2020.

"Affordability is the biggest problem: the finishing of a house that is part of your budget," explains Jeff Ostrowski , an analyst of the housing market with Bankrate. "The higher the price of a house, the more difficult it is to find the deposit or qualify for monthly payment. High price."

The data also underlines how changes in the market have changed the rules of the game, which makes it more difficult for new buyers to enter.

"In recent years, the supply of houses has been limited by a number of factors, including the construction of mute houses and the locking effect," explains Ostrowski. "But the demand for houses has increased, and there are more buyers than sellers."

So, what places become the least accessible to buy? Read the rest for states where you need to win six digits to allow you a house, according to data from Bankrate.com.

Necessary income : $ 100,629

The Lone Star State has become a popular destination in recent years, but it is easy to set foot in the door. The state has experienced an increase of more than 30% of the amount necessary to buy a house since 2020, the median price of houses now located at $ 332,600.

Necessary income : $ 102,557

SATA shows that it is now 64.6% more income to afford a house in the northern state of New England only four years ago. You can expect to pay an average of $ 2,393 each month for your mortgage there.

Necessary income : $ 106,971

The median price of houses in Virginia is currently at $ 397,600. Compared to four years ago, you will now need 43.7% additional income to be able to allow you real estate in the Commonwealth.

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Necessary income : $ 108,257

The current monthly mortgage rate in Maryland is $ 2,526, with a median price of $ 387,800. The amount of income necessary for purchase here has increased by more than 40% in less than half a decade, according to Bankrate.

Necessary income : $ 110,271

The income necessary to buy a house in Arizona have increased considerably lately, which knows 65.3% since 2020. The median price of houses here is also relatively high, at $ 433,000.

Necessary income : $ 111,557

Buyers of potential houses now need 56.6% more income to buy a house in Nevada only four years ago. The median price of houses here is $ 434,400 with an average monthly mortgage payment of $ 2,603.

Necessary income : $ 114,771

The Sunshine State remains a popular attachment base for those looking for a warmer climate all year round. There was a 57.3% increase in the amount of income necessary to be able to buy a house there since 2020, with a selling price at median home of $ 403,500.

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Necessary income : $ 114,386

There are few states where the amount of income necessary to buy a house has increased more than Idaho, where it has increased by 65% in the past four years to more than $ 114,000. The median price for the sale of houses in the state in January 2024 is also $ 447,100.

Necessary income : $ 114,471

The Green Mountain State needs a lot of green at the bank for all those looking to buy a house there. It now requires 43.7% more income to offer the purchase, with an average monthly mortgage payment of $ 2,496.

Necessary income : $ 119,614

It requires 37.6% more annual income to be able to buy a house at an affordable price in Connecticut compared to four years ago. The median selling price of the house here is $ 377,600.

Necessary income : $ 129,129

With a median home sale price of $ 482,800, Oregon has become less affordable for house buyers since 2020. The data shows that it now requires 46.2% more income since 2020 so that both Bits are realistically joining during a purchase here.

Necessary income : $ 130,329

The amount of the income necessary to be able to buy a purchase of houses in New Hampshire has increased by 54.4% since 2020. It also has a relatively high average mortgage payment of $ 3,041.

Necessary income : $ 131,357

It becomes much more difficult to afford a home purchase in Montana. The State has experienced the highest increase in the amount of income necessary for the purchase in a realistic way, soar 77.7% since 2020 - which is more than any other state in the United States.

Necessary income : $ 132,343

The smallest state of the union still requires a large salary to join the market. There has been a 50.8% increase in income required to buy affordable in the Rhode Island in the past four years, and average monthly mortgage payment is $ 3,088.

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Necessary income : $ 133,886

UTAH experienced a sharp increase in the amount of income necessary to buy an affordable house there, jumping 70.3% against four years ago. The median selling price of the house also exceeds the half million dollars at $ 525,500.

Necessary income : $ 148,286

Today, those who seek to buy in the State Empire will need approximately 32.9% more income compared to 2024 to do it at an affordable price. Average monthly mortgage payment is also relatively high at $ 3,460.

Necessary income : $ 152,186

Buyers will have to be 45% more than in 2020 to be able to afford a house in New Jersey now. The median house for sale of houses here is $ 495,600, with an average monthly mortgage of $ 3,551.

Necessary income : $ 152,229

Getting a house in Colorado now requires 54.5% more income that he made four years ago, according to Bankrate. The median selling price of the house is also relatively high at $ 591,400, the second highest of all states.

Necessary income : $ 156,814

Washington not only had an increase of 52.9% of the amount of income necessary to buy from affordable housing, but it is still relatively expensive compared to other places. At $ 587,200, it has the third highest median home sale price and an average monthly mortgage of $ 3,659.

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Necessary income : $ 162,471 AE0FCC31AE342FD3A1346EBB1F342FCB

Shopping at home in the state of the bay? The data show that you will need 40.3% more income than in 2020 to allow you one. The median house sale price is also relatively high at $ 572,900.

Necessary income : $ 185,829

Moving to a state as beautiful as Hawaii will not be easy for finances. In addition to requiring approximately 46% more income to offer a house there, he has the second highest monthly mortgage payment at $ 4,336, as well as the second median house of the highest house at $ 735,900.

Necessary income : $ 197,057

It is official: California is at the top of the list of states that require the most income to afford a house, jumping 48% since 2020. It is also the highest in the country for the average monthly mortgage price and the price median house for the house at $ 4,598 and $ 739,200, respectively.