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30% rule

Coverage of 30% rule in the Nexus archive.

Earliest in view: Jul 4 · 16:22 UTCMost recent: Jul 4 · 16:22 UTC
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  • BUSINESSJul 4 · 16:22 UTCBUSINESS INSIDER
    11 states where you don't have to spend more than 30% of your income on housing

    Realtor.com identified 11 states, primarily in the Midwest, where households earning the median income can afford a median-priced home without spending over 30% of their income. The analysis highlights factors like strong labor markets and lower home prices in these regions, contrasting with challenges like high mortgage rates and inflation affecting affordability elsewhere.