- Aspiring homeowners must earn at least $116,986 a year to afford a median-priced home in the U.S., according to Bankrate’s 2025 Housing and Income Study.
- 83 percent of U.S.adults who don’t own a home but desire to cite affordability-related reasons as holding them back, according to Bankrate’s 2025 Home Affordability Survey.
- Among Americans willing to make sacrifices to find affordable housing, 18% say they would buy a fixer-upper, according to the Bankrate survey.
- The average annual cost of owning and maintaining a single-family home in the U.S is more than $21,000 a year, Bankrate’s Hidden Costs of Homeownership Study found.
- 67% of homeowners would rather renovate their current home than buy a new house, according to Angi’s latest “State of Home Spending Report.”
- 54% of consumers used a home equity loan/line of credit to pay for a remodeling project, according to the National Association of REALTORS’ “2025 Remodeling Impact Report.”
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