Share of renters who can afford to buy a starter home in the U.S. 2019-2024

Published by Statista Research Department, Oct 4, 2024

Since 2019, the share of renters who could afford to buy a median-priced starter home in the United States has declined notably. In 2024, approximately 17 percent of U.S. renters were homeownership ready, meaning that they earned enough to purchase a median-priced home without mortgage payments costing them over 25 percent of their monthly income. In 2019, before home prices rose dramatically, nearly 42 percent of renters were considered homeownership ready. Before mortgage interest rates increased in 2021, this share was approximately 37 percent. 

Share of renters who can afford to buy a median-priced starter home in the United States in 2019, 2021, and 2024

© Statista 2025
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

August 2024

Region

United States

Survey time period

2019, 2021, and 2024

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$1,299 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Residential real estate in the United Kingdom "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Residential real estate in the United Kingdom

Overveiw

5

Housing stock and construction

6

House prices

6

Housing finance and remortgaging

7

Rental market

5

Further Content: You might find this interesting as well

Topics

Gen Z and the housing market in the U.S.Housing market in the U.S.Rental market in the U.S.Affordable housing in the U.S.Housing for students in the U.S.
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$1,299 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.