Redfin: Income needed to afford typical US home falls 2% in April to $116,780

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  • Redfin analysis shows income needed to afford the typical U.S. home fell to $116,780 in April 2026, down 2% year over year.
  • Affordability improved for a seventh straight month as the average 30-year fixed rate eased to 6.33% from 6.73%.
  • Estimated median household income rose 4% to $87,599, leaving the required income about $29,000 above typical earnings.
  • Typical buyers would spend 40% of income on the median-priced home, down from 42.4% a year earlier.
  • Affordable listings rose to 32.9% from 28.7%, though mortgage rates climbed to 6.51% in May, risking a setback.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redfin Corporation published the original content used to generate this news brief on May 26, 2026, and is solely responsible for the information contained therein.

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