Skip to content

The Boca Grande location is temporarily closed. Please check back for updates.

With gratitude for the service of America's heroes, all locations will be closed on Veterans Day, Monday, Nov. 11. 

Registration for free estate planning seminars is now open. 

Hurricane Resources

Get Started 863-222-7005

Chart of the Day: Payments on Houses

 Line graph showing average monthly payment in brown and four-quarter average in orange for a median-priced home, from 1990 to 2024. Today's payments are at an all-time high, exceeding $3,000/month.

Contents

Today’s Chart of the Day is from the 2024 State of the Nation's Housing Report from the Joint Center for Housing Studies at Harvard University. It shows the average inflation-adjusted monthly payment, including taxes and insurance, on a median-priced home in the US from 1990 to present. Currently, it is at a record high of $3,100 a month.


According to article, the industry standards for affordability calculates the annual income needed for this is $120,000, which only one in seven renters can meet.

Leave a Comment