Home Price to Income
Median home price measured in years of median household income.
| Year | Home Price to Income |
|---|---|
| 1984 | 3.6× |
| 1985 | 3.6× |
| 1986 | 3.7× |
| 1987 | 4.0× |
| 1988 | 4.1× |
| 1989 | 4.2× |
| 1990 | 4.1× |
| 1991 | 4.0× |
| 1992 | 4.0× |
| 1993 | 4.0× |
| 1994 | 4.0× |
| 1995 | 3.9× |
| 1996 | 4.0× |
| 1997 | 3.9× |
| 1998 | 3.9× |
| 1999 | 3.9× |
| 2000 | 4.0× |
| 2001 | 4.1× |
| 2002 | 4.4× |
| 2003 | 4.4× |
| 2004 | 4.9× |
| 2005 | 5.1× |
| 2006 | 5.1× |
| 2007 | 4.9× |
| 2008 | 4.6× |
| 2009 | 4.3× |
| 2010 | 4.5× |
| 2011 | 4.5× |
| 2012 | 4.8× |
| 2013 | 5.0× |
| 2014 | 5.3× |
| 2015 | 5.2× |
| 2016 | 5.2× |
| 2017 | 5.3× |
| 2018 | 5.1× |
| 2019 | 4.7× |
| 2020 | 4.8× |
| 2021 | 5.4× |
| 2022 | 5.8× |
| 2023 | 5.3× |
| 2024 | 5.0× |
Hover the line to read any month. Drag across the chart to zoom; double-click to reset.
Source: FRED · MSPUS/MEHOINUSA646N · series · Jan 1984 to Jan 2024 · latest-revised
Refreshed Jul 31, 2026 from FRED.
Median home price measured in years of median household income.
Median home sale price divided by median household income (the classic affordability ratio).
Source: FRED · Jan 2024 · Full lesson → Learn
About the bands. Shaded spans are NBER-dated US recessions, drawn as factual overlays. They mark when the economy contracted, not why. Lining an event up with a move is not evidence it caused the move.
Read across
No single number is the economy. These measure nearby parts of it — add one to compare, or open it on its own.
- Median Home Sale Price The price numerator, before dividing by income.
- Median Household Income The income denominator behind the ratio.
- 30-Year Mortgage Rate The borrowing rate the ratio leaves out, which sets the monthly cost.