Just a small share of renters in the United States were homeowner ready in 2022. In El Paso, TX, the percentage of renters who could afford to buy a home with a seven percent mortgage was the highest at about 39 percent. Homeownership in Urban Honolulu, HI, San Diego, CA, and Los Angeles, CA, was most out of reach, with less than five percent who could afford to buy a home.
Share of renters who can afford to buy the median-priced home in the largest metros in the United States in 2022
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National Association of Realtors. (December 13, 2022). Share of renters who can afford to buy the median-priced home in the largest metros in the United States in 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1375013/share-of-renters-who-can-afford-to-buy-a-home-usa-by-metro/
National Association of Realtors. "Share of renters who can afford to buy the median-priced home in the largest metros in the United States in 2022." Chart. December 13, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1375013/share-of-renters-who-can-afford-to-buy-a-home-usa-by-metro/
National Association of Realtors. (2022). Share of renters who can afford to buy the median-priced home in the largest metros in the United States in 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1375013/share-of-renters-who-can-afford-to-buy-a-home-usa-by-metro/
National Association of Realtors. "Share of Renters Who Can Afford to Buy The Median-priced Home in The Largest Metros in The United States in 2022." Statista, Statista Inc., 13 Dec 2022, https://www.statista.com/statistics/1375013/share-of-renters-who-can-afford-to-buy-a-home-usa-by-metro/
National Association of Realtors, Share of renters who can afford to buy the median-priced home in the largest metros in the United States in 2022 Statista, https://www.statista.com/statistics/1375013/share-of-renters-who-can-afford-to-buy-a-home-usa-by-metro/ (last visited July 22, 2024)
Share of renters who can afford to buy the median-priced home in the largest metros in the United States in 2022 [Graph], National Association of Realtors, December 13, 2022. [Online]. Available: https://www.statista.com/statistics/1375013/share-of-renters-who-can-afford-to-buy-a-home-usa-by-metro/