20.7 Million Homeowners Are Stretched by Housing Costs
In 2024, 20.7 million U.S. homeowner households spent more than 30% of their income on housing costs. That represented 24% of homeowner households.
In 2024, 20.7 million U.S. homeowner households spent more than 30% of their income on housing costs. That represented 24% of homeowner households.
U.S. Census Bureau estimates for 2022 show median household wealth of $406,000 among homeowners when home equity is included, compared with $9,250 among renters. Even excluding home equity, homeowner median wealth was $156,700.