The article discusses the challenges middle-class Americans face in achieving homeownership amidst rising prices and interest rates. It highlights Virginia as a state where the median household income of $89,931 enables families to afford homes priced around $422,325. With mortgage budgets approximating $1,850, many residents find homes within reach. The article also mentions various towns in Virginia that cater to family lifestyles, with specific emphasis on Virginia Beach's median listing price and its appeal to military families, showcasing the state’s affordability relative to larger cities.
In Virginia, the balance between income levels and home prices offers a more affordable path to homeownership than many other states.
Given that the mortgage budget for Virginia's middle-class residents is approximately $1,850, a home priced at $449,430.28 is more within reach.
The median household income stands at around $89,931, making it a prime location for middle-class families seeking homeownership.
If access to the city isn't an issue for you, then you have your choice of lifestyles elsewhere.
Collection
[
|
...
]