Middle-income homebuyers have $30,000 more buying power than a year ago, research finds. It’s still not enough

Published Sat, Mar 7 20269:30 AM EST

By: Sarah Agostino

Lifestylevisuals | E+ | Getty Images

When it comes to buying a house, affordability continues to slowly improve.

U.S. households that have a median income — an estimated $86,300 — and enough money for a 20% down payment can now afford a $331,483 home, up $30,302 from $301,181 a year ago, according to a new report from Zillow. By “afford,” Zillow means that the monthly mortgage payment, including insurance and property taxes, would be under 30% of a household’s income. LEARN MORE…

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