US Homebuying Income Threshold Falls for Seventh Straight Month: Report

Home price gains continued to slow in the first quarter.
US Homebuying Income Threshold Falls for Seventh Straight Month: Report
A home is seen for sale in Austin, Texas. Brandon Bell/Getty Images
Mary Prenon
Mary Prenon
Freelance Reporter
|Updated:
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Home affordability across America could become a tad more attainable as the household income needed for a typical home declined for the seventh straight month in April, according to a May 26 Redfin report.

In April, households needed to earn $116,780 to buy a typical home—down from $119,191 in April 2025. The homebuying income needed peaked at $122,000 in mid-2025.

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Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.