Based on recent market housing data, the median cost to buy a detached home ↑ 37% in the last 3-yr.
First-time home buyers are required to receive a yearly income of:
$156K to afford a detached home
$70.8K to afford an apartment
For renters, an annual income of $84K is needed to adequately afford avg market rent which ↑ 17K since 2022.