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
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Affordable housing in the United States
Overview
6
- Premium Statistic Housing affordability index in the U.S. 2000-2022
- Premium Statistic House price to income ratio index in the U.S. 2012-2023, per quarter
- Premium Statistic Number of housing cost burdened households in the U.S. among renters 2003-2021
- Premium Statistic Main reasons non-owners do not currently own a home U.S. 2022
- Premium Statistic Homebuyers who struggle to find a home due to affordability U.S. 2023, by generation
- Premium Statistic Monthly homebuyer sentiment in the U.S. 2011-2023, by age group
Affordable housing access
8
- Premium Statistic Share of renters who can afford to buy a home in the U.S. 2022, by metro
- Premium Statistic Reasons for low homebuying sentiment among renters and homeowners in the U.S. 2022
- Basic Statistic Reasons for millennials to choose renting over buying a home U.S. 2018-2022
- Premium Statistic Main reason for timing of home purchase in the U.S. 2023, by generation
- Premium Statistic Mortgage affordability in the largest metros in the U.S. 2022
- Premium Statistic Leading obstacles to homebuying for Gen Zers in the U.S. 2022
- Premium Statistic Risk of eviction for U.S. homeowners due to foreclosure in 2023
- Premium Statistic Buyers able to afford less than half of homes for sale U.S. 2020-2023, by generation
Rental affordability
7
- Premium Statistic Largest occupations that pay less than housing wage in the U.S. in 2023
- Basic Statistic Housing affordability with different hourly wages in the U.S. 2023
- Premium Statistic House price to rent ratio index in the U.S. 2015-2023, per quarter
- Basic Statistic Hourly wages of different races compared to housing wages in the U.S. 2023, by race
- Premium Statistic Full-time jobs needed to afford two-bedroom housing in the U.S. in 2023, by state
- Premium Statistic Share of renters with rent arrears in the U.S. 2023, by age group
- Premium Statistic Share of renters with rent arrears in the U.S. 2023, by race
Public housing
8
- Premium Statistic Number of public housing units in U.S. 2022, by state
- Premium Statistic Population living in public housing in U.S. 2022, by state
- Premium Statistic Public housing occupancy rates in U.S. 2022, by state
- Premium Statistic Mean rental costs for public housing in U.S. 2022, by state
- Premium Statistic Average annual income of public housing households in U.S. 2022, by state
- Premium Statistic Public housing households' income as a share of local median income in the U.S. 2022
- Premium Statistic Average waiting period for public housing in U.S. 2022, by state
- Premium Statistic Share of public housing households with a disability in U.S. 2022, by state
Manufactured homes
6
- Premium Statistic Average sales price of new mobile homes in the U.S. 2014-2022
- Premium Statistic Average sales price of new single-width mobile homes in the U.S. 2014-2022
- Premium Statistic Average sales price of new double-width mobile homes in the U.S. 2014-2022
- Premium Statistic Monthly rent for mobile homes in the U.S. 2010-2023
- Premium Statistic Number of mobile homes in the U.S. 2023, by state
- Premium Statistic Number of mobile home production plants in the U.S. 2023, by state
Further Content: You might find this interesting as well
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 June 10, 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 June 10, 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: June 10, 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 June 10, 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/