About 60% of metro areas in the U.S. are classified as unaffordable in 2024
% of metro areas at each level of home affordability for households headed by those under 40
Note: Figures may not add to 100% due to rounding. Home affordability is based on the ratio of the median home value to median income for households headed by those under 40. The analysis includes 160 metro areas with available data.
Source: Pew Research Center analysis of 2019 and 2024 American Community Survey (IPUMS).
PEW RESEARCH CENTER
About 60% of metro areas in the U.S. are classified as unaffordable in 2024
% of metro areas at each level of home affordability for households headed by those under 40
| Very affordable | Somewhat affordable | Somewhat unaffordable | Very unaffordable | |
|---|---|---|---|---|
| 2019 | 14 | 46 | 27 | 14 |
| 2024 | 2 | 38 | 41 | 19 |
Note: Figures may not add to 100% due to rounding. Home affordability is based on the ratio of the median home value to median income for households headed by those under 40. The analysis includes 160 metro areas with available data.
Source: Pew Research Center analysis of 2019 and 2024 American Community Survey (IPUMS).
PEW RESEARCH CENTER
