Housing Costs in Swing States Nearly Double Since 2020
Median monthly payments in key battleground states have surged, impacting voter sentiment ahead of the presidential election.
- Median monthly housing payments in swing states have risen to $2,161, a 92% increase since 2020.
- Families now need to earn at least $86,421 annually to afford a median-priced home in these states.
- The affordability crisis disproportionately affects Black and Hispanic families, who spend a higher percentage of their income on housing.
- Young voters, particularly Gen Z, cite housing affordability as a crucial issue for the upcoming election.
- Both President Biden and former President Trump propose different strategies to address the housing affordability crisis.