Median Household Income Not Cutting It for First-Time Home Buyers
National Mortgage News, Jan. 9, 2019–Elina Tarkazikis (subscription)
The average first-time homebuyer earns about $72,500, which is higher than the country’s overall median household income of $60,700, according to Zillow. The drop is even greater for peers of new homeowners that didn’t buy a house, as their median income sits at just $42,500.
