Housing Prices, Affordability & Mortgages · U.S. Census Bureau & HUD (Derived Ratio)
U.S. Median Home Price-to-Income Ratio by Year (1963-2025)
Dividing the median U.S. house price by median annual household income shows how many years of gross pre-tax household income are required to purchase a median home. In 2025, home price-to-income ratio recorded 4.75Multiple of Annual Income (x), compared with 5.04 in 2024. Across the 63-year archive (1963-2025), readings have ranged between 3.45 (1970) and 5.81 (2022).
Series Summary Ledger
- 2025 Reading4.75
- 2024 Reading5.04
- All-Time High (2022)5.81
- All-Time Low (1970)3.45
- Reporting UnitMultiple of Annual Income (x)
- Series CodeMSPUS / MEHOINUSA646N
U.S. Census Bureau & HUD (Derived Ratio) · 1963-2025
U.S. Median Home Price-to-Income Ratio by Year (1963-2025)
2025 Reading: 4.75 Multiple of Annual Income (x)
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DECADE BENCHMARKS (1950s-2020s)
Home Price-to-Income Ratio by Decade
| Decade | Mean | Min | Max |
|---|---|---|---|
| 1960s | 4.22 | 4.02 | 4.30 |
| 1970s | 3.82 | 3.45 | 4.21 |
| 1980s | 3.81 | 3.57 | 4.17 |
| 1990s | 3.97 | 3.91 | 4.08 |
| 2000s | 4.58 | 3.99 | 5.11 |
| 2010s | 4.96 | 4.49 | 5.33 |
| 2020s | 5.19 | 4.75 | 5.81 |
Home Price-to-Income Ratio Year-by-Year Historical Table (1963-2025)
Source: U.S. Census Bureau & HUD (Derived Ratio) (MSPUS / MEHOINUSA646N)| Year | Home Price-to-Income Ratio (Multiple of Annual Income (x)) | Annual Change | Median Home Price (Nominal USD) |
|---|---|---|---|
| 2025 | 4.75 | -0.29 | 415,400.00 |
| 2024 | 5.04 | -0.25 | 418,975.00 |
| 2023 | 5.29 | -0.51 | 426,525.00 |
| 2022 | 5.81 | +0.39 | 432,950.00 |
| 2021 | 5.41 | +0.59 | 383,000.00 |
| 2020 | 4.83 | +0.16 | 328,150.00 |
| 2019 | 4.66 | -0.49 | 320,250.00 |
| 2018 | 5.15 | -0.13 | 325,275.00 |
| 2017 | 5.27 | +0.11 | 322,425.00 |
| 2016 | 5.17 | -0.04 | 305,125.00 |
| 2015 | 5.20 | -0.12 | 294,150.00 |
| 2014 | 5.33 | +0.36 | 285,775.00 |
| 2013 | 4.97 | +0.18 | 266,225.00 |
| 2012 | 4.79 | +0.30 | 244,400.00 |
| 2011 | 4.49 | -0.03 | 224,900.00 |
| 2010 | 4.52 | +0.19 | 222,700.00 |
| 2009 | 4.33 | -0.23 | 215,650.00 |
| 2008 | 4.56 | -0.31 | 229,550.00 |
| 2007 | 4.88 | -0.18 | 244,950.00 |
| 2006 | 5.06 | -0.05 | 243,750.00 |
| 2005 | 5.11 | +0.18 | 236,550.00 |
| 2004 | 4.92 | +0.49 | 218,150.00 |
| 2003 | 4.44 | +0.05 | 192,125.00 |
| 2002 | 4.39 | +0.29 | 186,025.00 |
| 2001 | 4.10 | +0.11 | 173,100.00 |
| 2000 | 3.99 | +0.06 | 167,550.00 |
| 1999 | 3.93 | +0.03 | 160,125.00 |
| 1998 | 3.91 | -0.01 | 151,925.00 |
| 1997 | 3.92 | -0.03 | 145,000.00 |
| 1996 | 3.95 | +0.04 | 140,250.00 |
| 1995 | 3.92 | -0.13 | 133,475.00 |
| 1994 | 4.04 | -0.01 | 130,425.00 |
| 1993 | 4.05 | +0.09 | 126,500.00 |
| 1992 | 3.96 | -0.02 | 121,375.00 |
| 1991 | 3.98 | -0.10 | 119,975.00 |
| 1990 | 4.08 | -0.08 | 122,300.00 |
| 1989 | 4.17 | +0.04 | 120,425.00 |
| 1988 | 4.12 | +0.10 | 112,225.00 |
| 1987 | 4.02 | +0.32 | 104,700.00 |
| 1986 | 3.70 | +0.13 | 92,025.00 |
| 1985 | 3.57 | 0.00 | 84,275.00 |
| 1984 | 3.57 | -0.11 | 79,950.00 |
| 1983 | 3.68 | +0.10 | 75,375.00 |
| 1982 | 3.58 | -0.20 | 69,225.00 |
| 1981 | 3.78 | -0.16 | 68,950.00 |
| 1980 | 3.94 | -0.27 | 64,750.00 |
| 1979 | 4.21 | +0.07 | 62,750.00 |
| 1978 | 4.14 | +0.11 | 55,850.00 |
| 1977 | 4.03 | +0.05 | 48,900.00 |
| 1976 | 3.98 | +0.14 | 44,225.00 |
| 1975 | 3.84 | +0.02 | 39,275.00 |
| 1974 | 3.82 | +0.06 | 36,050.00 |
| 1973 | 3.76 | +0.26 | 32,600.00 |
| 1972 | 3.50 | +0.01 | 27,525.00 |
| 1971 | 3.49 | +0.03 | 25,225.00 |
| 1970 | 3.45 | -0.57 | 23,475.00 |
| 1969 | 4.02 | -0.20 | 25,600.00 |
| 1968 | 4.23 | +0.01 | 24,800.00 |
| 1967 | 4.21 | -0.01 | 22,750.00 |
| 1966 | 4.23 | -0.02 | 21,500.00 |
| 1965 | 4.25 | -0.01 | 20,125.00 |
| 1964 | 4.27 | -0.04 | 18,925.00 |
| 1963 | 4.30 | - | 18,050.00 |
Related Housing & Mortgages Series
- U.S. Median Home Sales Price by Year (Nominal vs. Real 1963-2025)415,400
- U.S. Mortgage Origination Interest Rate by Year (1998-2025)6.3
- U.S. FHFA House Price Index & Annual Appreciation (1975-2025)699.34
- U.S. Housing Starts by Year (1959-2025)1,356
- U.S. Homeownership Rate by Year (1965-2025)65.27
- U.S. Rent & Shelter CPI Inflation by Year (1954-2025)3.64