Home Prices Up in 93% of Measurable Markets
The national median home price for Q2 is up 8.2% to $229,400
The income needed to afford the median home in each region is directly impacted by the amount of the down payment. The larger the down payment the lower the income needed to pay the monthly mortgage payment.
The West led the way with the highest median home price at $325,200.
For more information about specific metro areas you can find the full report here.