National Housing Conference Report Reveals Significant Decline in U.S. Homeownership Affordability for Workers
A new report from the National Housing Conference (NHC), titled 'Priced Out: When a Good Job Isn’t Enough,' indicates a substantial decline in homeownership affordability across the United States. In 2025, only 14% of occupations across hundreds of metropolitan areas could afford a typically priced home with a 10% down payment. This marks a significant drop from 2020, when workers could afford homeownership in 32,794 occupation-metro pairings; by 2025, this number had fallen to 12,189, representing a loss of 20,605 pairings. The study, which analyzes the gap between wages and housing costs for nearly 300 occupations across 390 metropolitan areas, highlights that the affordability crisis is not limited to lower-wage workers. The average annual salary among occupations that lost the ability to purchase a home was $70,283. Furthermore, the number of metropolitan areas requiring an annual salary above $100,000 to afford a typically priced home increased dramatically from 30 in 2019 to 193 in 2025. Renters are ...