The Cost of Owning a Home (Last 20 Years)
Notes from the report: Prices and mortgage payments are
based on the median existing single-family home price, averaged from
quarterly data to obtain annual prices. Mortgage payments are calculated
using the interest-rate average for that year and assume a 20%
downpayment and fixed 30-year term. Rent is the median gross monthly
rent from the 2010 American Community Survey, indexed using the CPI for
rent of primary residence. Income is median household income.
Sources from the report: JCHS tabulations of National
Association of Realtors®, Composite Affordability Index (NSA) and
Existing Single-Family Home Sales via Moody’s Analytics; Freddie Mac,
Primary Mortgage Market Survey; US Census Bureau, American Community
Survey; Moody’s Analytics, median household income estimates.
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