A house doesn't have to mean a mortgage: Renting requires $14K less income than buying
PRNewsWire reports that a household able to comfortably rent a single-family home would need an annual pay raise of $14,408 to afford the monthly costs of owning one. Nationwide rental demand rose 22.1% year over year, while demand for single-family rentals increased 24.3%.
Why it matters — The affordability gap and rising rental demand provide context for Zillow watchers assessing housing and rental-market conditions.