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Published: Jun 09, 2023 3 min read
Photo Collage of multiple dollar bills folded up to look like a small house, stacked on top of each other in decreasing sizes
Money; Getty Images

While the current housing market is lacking in inventory overall, there’s a dire deficiency in the supply of homes that the middle class can actually afford to buy.

According to a new report from the National Association of Realtors (NAR) and, a household earning $75,000 can afford a home that costs $256,000 tops — but only 23% of home listings are priced below that amount at the moment.

Most U.S. households (51%) earn less than $75,000, so the authors of the report say that for the housing market to be in “equilibrium,” we’d need to see a majority of the homes on the market be in the sub-$256,000 range.