At first, I thought that affordability may be skewed by more two-earner households, but the rate of both spouses working was actually higher in 1984.
|
1984 |
2022 |
Median House Price |
$65,341 |
$408,100 |
Median Household Income |
$26,430 |
$67,521 |
Average Interest Rate |
13.37% |
3.55% |
Monthly Payment |
$742 |
$1,844 |
% of Income |
33.7% |
32.8% |