{"id":38005,"date":"2025-07-04T12:05:09","date_gmt":"2025-07-04T12:05:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/38005\/"},"modified":"2025-07-04T12:05:09","modified_gmt":"2025-07-04T12:05:09","slug":"valley-families-need-raise-to-afford-median-priced-home","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/38005\/","title":{"rendered":"Valley families need raise to afford median-priced home"},"content":{"rendered":"<p>A family making the median income in the Valley would need a hefty raise to afford a typical home, according to a new report by online real estate platform Zillow.<\/p>\n<p>In fact, they would need to earn $22,500 more than they\u2019re making now, Zillow said \u2014 and that\u2019s with a $91,000 down payment.<\/p>\n<p>Zillow\u2019s analysis examined median incomes in cities across the nation, comparing them with median home prices on homes purchased with a 20% down payment. The report determined affordability based on whether the monthly mortgage payment amounts to no more than 30% of household income.<\/p>\n<p>In the Phoenix metro, Zillow found the median home price is $456,834 and determined that the median income is $90,936. That means the typical monthly mortgage payment after a 20% down payment is $2,386, costing 31.4% of the median income.<\/p>\n<p><a href=\"https:\/\/www.bizjournals.com\/phoenix\/news\/2025\/07\/02\/zillow-homebuyers-need-raise-to-afford-home.html?utm_source=sy&amp;utm_medum=ptr&amp;utm_campaign=ktar\" target=\"_blank\" rel=\"noopener\">This story is posted in partnership with Phoenix Business Journal. Click to read the full story.<\/a><\/p>\n<p><a href=\"https:\/\/ktar.com\/newsletters\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/KTAREmail-830x100-1.jpg\" style=\"margin: 0 auto;\" class=\"mobile-signup\"\/>\t&#13;<br \/>\n\t<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/KTAREmail-830x100-1.jpg\" style=\"margin: 0 auto;\" class=\"desktop-signup\"\/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A family making the median income in the Valley would need a hefty raise to afford a typical&hellip;\n","protected":false},"author":3,"featured_media":38006,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5131],"tags":[7155,5229,5643,1587,316,1589,7154,67,586,132,5230,68,2969],"class_list":{"0":"post-38005","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-phoenix","8":"tag-92-3-ktar","9":"tag-america","10":"tag-arizona","11":"tag-az","12":"tag-home","13":"tag-phoenix","14":"tag-phoenix-and-arizona-breaking-news-and-news-headlines-home","15":"tag-united-states","16":"tag-united-states-of-america","17":"tag-unitedstates","18":"tag-unitedstatesofamerica","19":"tag-us","20":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114794878171698943","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/38005","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=38005"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/38005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/38006"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=38005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=38005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=38005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}