Buying Florida
Buying Florida
Didier Malagies
Mortgage stats on how much more money you need to make to buy a home
5 minutes Posted Apr 23, 2026 at 12:00 pm.
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Navigating the New Reality: Why Homeownership Costs Have Doubled Since 2016 Remember 2016? It might not feel like ancient history, but a lot has changed in the world of homeownership since then. Back then, the average American only needed to earn around $43,000 a year to comfortably afford a median-priced home. Fast forward to 2026, and that figure is projected to skyrocket to an astonishing $93,000 annually. That's more than double the income required in just a decade! But here's the kicker:...