Atlanta Fed
@atlantafed.org
The Atlanta Fed serves the Sixth Federal Reserve District: AL, FL, GA and parts of LA, MS and TN. We foster a healthy economy and financial stability. We’re apolitical and decentralized to conduct monetary policy that’s in the best interest of the economy.
Use our interactive Home Ownership Affordability Monitor for more insights on national and local homeownership affordability trends. www.atlantafed.org/research/dat...
Home Ownership Affordability Monitor
Business economists and analysts, check out our new interactive home affordability tool.
www.atlantafed.org
January 21, 2026 at 4:46 PM
Use our interactive Home Ownership Affordability Monitor for more insights on national and local homeownership affordability trends. www.atlantafed.org/research/dat...
Just over 77% of all metros in the US were considered unaffordable in October (that is, the median-income household in the metro area would need to spend more than 30% of its annual income to afford the median-priced home).
January 21, 2026 at 4:46 PM
Just over 77% of all metros in the US were considered unaffordable in October (that is, the median-income household in the metro area would need to spend more than 30% of its annual income to afford the median-priced home).
The non-principal and interest (non-P&I) component of the avg. monthly payment (such as taxes, property insurance, etc.) rose by 5.5% YOY but is stable since October. Non-P&I costs are at $808 per month. The non-P&I component comprised 26.6% of the avg. monthly payment, the highest share on record.
January 21, 2026 at 4:46 PM
The non-principal and interest (non-P&I) component of the avg. monthly payment (such as taxes, property insurance, etc.) rose by 5.5% YOY but is stable since October. Non-P&I costs are at $808 per month. The non-P&I component comprised 26.6% of the avg. monthly payment, the highest share on record.
To qualify to afford the median-priced home, a household would have to make $121,342 annually to keep monthly payments at 30% of income. This is 42.0% higher than the reported median income ($85,166).
January 21, 2026 at 4:46 PM
To qualify to afford the median-priced home, a household would have to make $121,342 annually to keep monthly payments at 30% of income. This is 42.0% higher than the reported median income ($85,166).
The median total monthly cost to own the median-priced home was $3,034 in October, effectively unchanged from a month ago and up less than one percent from a year ago.
January 21, 2026 at 4:46 PM
The median total monthly cost to own the median-priced home was $3,034 in October, effectively unchanged from a month ago and up less than one percent from a year ago.
The median home sales price decreased by less than a percent from October to November but increased by 4.6% from a year ago. Steady growth in home prices continued to have the strongest negative effect on affordability.
January 21, 2026 at 4:46 PM
The median home sales price decreased by less than a percent from October to November but increased by 4.6% from a year ago. Steady growth in home prices continued to have the strongest negative effect on affordability.
In November, the median-income household in the US, making $85,166 per year, needed to spend 42.7% of its income to own the median-priced existing home ($402,167).
January 21, 2026 at 4:46 PM
In November, the median-income household in the US, making $85,166 per year, needed to spend 42.7% of its income to own the median-priced existing home ($402,167).
Mortgage rates declined in October to 6.24%. Moderating mortgage rates have had the strongest positive effect on affordability.
January 21, 2026 at 4:46 PM
Mortgage rates declined in October to 6.24%. Moderating mortgage rates have had the strongest positive effect on affordability.