Home Values Out-Earn Salaries


Too bad you can’t bank on a repeat of this booming housing market as your future side hustle. However, in 25 of 38 major metros, homeowners earned more last year from home appreciation than from their jobs. Borrowing humor from this Zillow article, the term “household income” has taken on new meaning 😂.

Home values surged last year as low mortgage-interest rates stoked buyer demand and the number of homes on the market remained unusually low. Remote work enabled some households to move from high-cost housing markets to less expensive ones, where they were able to outbid local buyers.

Zillow’s home value index, which estimates the value of the typical U.S. home, rose 19.6% in 2021 to $321,634, an increase of $52,667 from 2020. That figure was slightly higher than what the median U.S. full-time worker earned, which was about $50,000 last year before taxes, according to Census Bureau data cited by Zillow.

Greater Nashville


We experienced a wider differential. Our typical home rose by $84,395. With a median salary here of $50,000, home value appreciation exceeded salary by $34,395. Of course, the appreciation in different counties versus your personal earning is unique to you. Click the graph to expand the county comparison.



Real Estate Review


I like to prepare an annual Real Estate Review for my friends and clients. If you would like clarity about recent residential activity and pricing trends in your neighborhood, please reach out.


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