The Starter Home Market Is Down 300,000 Homes From 2019
Realtor.com, a subsidiary of News Corp, released a report showing the national starter home market remains 300,000 homes below 2019 levels despite recent inventory gains. The typical starter home price has risen to $344,000, requiring a minimum household income of $78,000, an 80% increase from the $43,000 needed in 2019.
Key figures
- Min income 2019
- 43000
- Median starter home price
- 344000
- Inventory growth since 2022
- 220000
- Min income for starter home
- 78000
- Starter home shortage vs 2019
- 300000
- Median household income current
- 88100
AI analysis
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