{"id":142991,"date":"2025-08-13T17:57:12","date_gmt":"2025-08-13T17:57:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/142991\/"},"modified":"2025-08-13T17:57:12","modified_gmt":"2025-08-13T17:57:12","slug":"texans-need-to-make-99k-to-buy-a-home-in-2025-report-finds","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/142991\/","title":{"rendered":"Texans need to make $99K to buy a home in 2025, report finds"},"content":{"rendered":"<p>A recent report analyzing the minimum income it takes to buy a home across America has revealed Texans have it easier than residents of other states, but the dream may still feel unattainable for many.<\/p>\n<p>Potential homebuyers need to make at least $99,000 to buy a home in Texas in 2025, according to the analysis from Realtor.com.<\/p>\n<p>To determine the minimum income a local resident would need to make to buy a home in their own state, <a href=\"https:\/\/www.realtor.com\/news\/trends\/map-earn-income-home-purchase-every-state\/\" target=\"_blank\" rel=\"nofollow noopener\">Realtor.com<\/a> calculated each state&#8217;s &#8220;affordability gap&#8221; by finding the difference in the actual annual income from the minimum recommended income to afford a median-priced home as of July 2025. The report also determined the percentage difference between the affordability gap figure and state&#8217;s median actual income.<\/p>\n<p>Texas joined 18 other states where the minimum income required to purchase a home is just under the six-figure range. <\/p>\n<p>According to the <a href=\"https:\/\/data.census.gov\/profile\/Texas?g=040XX00US48\" target=\"_blank\" rel=\"nofollow noopener\">U.S. Census Bureau<\/a>, the median household income in Texas is $75,780, which means the affordability gap for a potential Texas homebuyer adds up to more than $23,000. That also means that the minimum income required to buy a Texas home this year is roughly 30 percent higher than the state&#8217;s actual median income.<\/p>\n<p>Though the report didn&#8217;t give any data on the median list price of a Texas home in July, Realtor.com said the median list price of a home in <a href=\"https:\/\/www.realtor.com\/research\/july-2025-data\/\" target=\"_blank\" rel=\"nofollow noopener\">Dallas-Fort Worth<\/a> was $439,900 last month. July&#8217;s median list price was 2.2 percent lower year-over-year from July 2024.<\/p>\n<p>&#8220;Even as the summer housing market is gradually turning more buyer-friendly, the typical American still does not earn enough to keep up with monthly mortgage payments without becoming house-poor,&#8221; the report&#8217;s author wrote. &#8220;However, the degree of unaffordability varies widely across states. Overall, it has moderately edged down compared with the end of last year.&#8221;<\/p>\n<p>Elsewhere in the U.S., Iowa is the No. 1 most affordable state for homebuyers in 2025, Realtor.com says, with residents needing to make at least $76,422 to afford a median-priced home in the state. The median list price for an Iowa home in July came out to $289,938, and the median income of an Iowa household is just under $76,000, making Iowa&#8217;s affordability gap the smallest out of all 50 states at only $431.<\/p>\n<p>&#8220;In other words, investing in a median-priced home in Iowa would require spending just a little over the target 30 percent on housing, still leaving plenty of cash in the bank to cover other necessities,&#8221; the report said.<\/p>\n<p>Realtor.com&#8217;s top 10 most affordable states for homebuyers in 2025, plus the minimum income needed to afford a median-priced home, are:<\/p>\n<ul class=\"ee-ul\">\n<li>No. 1 \u2013 Iowa ($76,422)<\/li>\n<li>No. 2 \u2013 Illinois ($85,196)<\/li>\n<li>No. 3 \u2013 Kansas ($74,030)<\/li>\n<li>No. 4 \u2013 Ohio ($76,425)<\/li>\n<li>No. 5 \u2013 Indiana ($81,565)<\/li>\n<li>No. 6 \u2013 Pennsylvania ($85,662)<\/li>\n<li>No. 7 \u2013 Missouri ($81,973)<\/li>\n<li>No. 8 \u2013 West Virginia ($71,167)<\/li>\n<li>No. 9 \u2013 Minnesota ($105,169)<\/li>\n<li>No. 10 \u2013 Michigan ($83,542)<\/li>\n<\/ul>\n<p>On the opposite end, Montana is the No. 1 least affordable state for homebuyers with an affordability gap surpassing $99,000. The median income of a Montana household is only $72,066 a year, and the median list price of a home in the state was $649,900 in July. The report then determined that a Montana resident would need to make more than $171,000 to afford that median-priced home. <\/p>\n<p>&#8220;To put it differently, a would-be homebuyer in Montana would require a 138 percent raise to comfortably afford a home in the state at the current mortgage interest rate of 6.72 percent,&#8221; the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"A recent report analyzing the minimum income it takes to buy a home across America has revealed Texans&hellip;\n","protected":false},"author":3,"featured_media":142992,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5138],"tags":[5229,7371,7372,8166,619,4329,10545,14416,358,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-142991","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fort-worth","8":"tag-america","9":"tag-fort-worth","10":"tag-fortworth","11":"tag-housing-market","12":"tag-income","13":"tag-real-estate","14":"tag-reports","15":"tag-salaries","16":"tag-texas","17":"tag-tx","18":"tag-united-states","19":"tag-united-states-of-america","20":"tag-unitedstates","21":"tag-unitedstatesofamerica","22":"tag-us","23":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115022754474316361","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/142991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=142991"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/142991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/142992"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=142991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=142991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=142991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}