Dec 21, 2023

Wanna be a homeowner? It’ll cost ya.

Andri Tambunan/AFP via Getty Images

Homeownership costs now take up more of the average wage than many lenders advise, according to a report out today.

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Owning a home now takes a bigger chunk of Americans' incomes

by Stephanie Hughes

Dec 21, 2023

A report out Thursday from the real estate data firm ATTOM finds that a home, and all its related costs, now eat up about 34% of the average wage nationwide.

A new ATTOM report shows that homeownership costs take up roughly 34% of the average wage nationwide — more than lenders advise homeowners to spend.

Spencer Platt/Getty Image

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