Starter Homes Are Becoming Increasingly Unaffordable, Even in Secondary Markets
Pro Builder
JUNE 14, 2023
In markets like Burbank, CA, a secondary city of the Los Angeles metro, the average renter household income was $63,127 in 2021, but the amount needed to afford the area’s average mortgage payments was triple that at $192,616. Read more Housing Markets Affordability Single-Family Homes Housing Markets
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