The cost of owning a home

Existing owners face a different housing bill depending on whether they have a mortgage. Census estimates include selected housing costs, rather than the price of buying a home today.

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United States Median costs as a share of income · owners with a mortgage

28.1%

percent 2020–2024

Data from American Default Research calculation from U.S. Census Bureau, American Community Survey table B25091

Choose another place under “Refine this comparison” to compare the same data.

Change, 2019–2023 to 2020–2024

+0.59 percentage points

The Census estimate covers 2020–2024. Adjacent five-year estimates overlap.

Changes over time

United States: Median costs as a share of income · owners with a mortgage

percent · 2005–2009 to 2020–2024

Source: American Default Research calculation from U.S. Census Bureau, American Community Survey table B25091 American Default Research · americandefault.org/affordability/owner-housing-costs/
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Median costs as a share of income · owners with a mortgage by state

2020–2024 · percent

19.54%–22.47%22.59%–25.09%25.19%–26.99%27.47%–29.63%29.79%–40.38%

Median costs as a share of income · owners with a mortgage · 2020–2024

Source: American Default Research calculation from U.S. Census Bureau, American Community Survey table B25091 American Default Research · americandefault.org/affordability/owner-housing-costs/
States, ranked, 2020–2024
Place%
Hawaii40.38
California38.25
Florida35.19
New York33.25
New Jersey32.29
Nevada31.42
Rhode Island30.79
Oregon30.67
Massachusetts30.12
Colorado29.96
Connecticut29.79
Washington29.63
Montana29.56
Texas28.96
Alaska28.92
New Mexico28.64
Vermont28.61
Louisiana27.96
New Hampshire27.91
Arizona27.5
Idaho27.47
Maine26.99
Maryland26.73
Illinois26.62
Wyoming26.45
Mississippi26.39
Georgia26.28
Delaware25.85
South Carolina25.54
Utah25.2
District of Columbia25.19
Virginia25.09
Tennessee24.64
North Carolina24.54
Oklahoma24.42
Alabama23.73
Pennsylvania23.71
Michigan23.4
South Dakota23.28
Minnesota23.23
Kentucky22.59
Wisconsin22.47
Arkansas22.44
Nebraska22.24
Kansas22.23
Missouri21.93
Ohio21.16
North Dakota20.8
Iowa20.33
Indiana20.22
West Virginia19.54

Source: American Default Research calculation from U.S. Census Bureau, American Community Survey table B25091

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Available history

Median costs as a share of income · owners with a mortgage
Data periodUnited States (%)
2020–202428.1
2019–202327.51
2018–202227.3
2017–202127.21
2016–202027.38
2015–201927.81
2014–201828.67
2013–201729.48
2012–201630.78
2011–201532.49
2010–201434.21
2009–201335.58
2008–201236.78
2007–201137.52
2006–201037.57
2005–200936.88

Source: American Default Research calculation from U.S. Census Bureau, American Community Survey table B25091Download data (CSV)

Sources and method

American Default Research calculation from U.S. Census Bureau, American Community Survey table B25091 supplies the figures shown.

Census selected monthly owner costs include mortgage payments where applicable, property tax, insurance, utilities and fuel. Owners with and without a mortgage are reported separately.

About these figures

ACS five-year estimates pool five years of responses. Adjacent estimates overlap and should not be read as single-year price changes.

Place comparisons use the same data period. An older common period is named beside the comparison. A missing or withheld value is never changed to zero.

90% margin of error for United States, 2020–2024: ±0.1 percentage points.

The CSV includes the original source notes, annotations and estimate margins where supplied. Original source data remain subject to their publishers’ terms.

We write with AI tools. Every figure comes from the data and sources named on this page, and automated checks compare it with them before it's published.