About This Dataset
This unique dataset allows you to explore cost trends of new home construction in the United States compared to average household income. This data aims to increase understanding of affordability in the market, which is crucial for homebuyers and other various stakeholders.
This dataset includes the median and average cost of new home construction, the median and average annual salary in the US, and the ratio between the two (price divided by income). It even factors in the inflation adjusted median and average income in 2022 dollars.
Our analytics team compiled this data by blending various US Census data (including US Census Median and Average Sale Price of Houses Sold and US Census Workers by Median Earnings and Mean Earnings P-43) to show unique trends.
See also:
Sample Data 
Scroll table horizontally to view more
| Period | Median Cost of House | Median Household Income Dollars | Median 2022 Dollars | Price to Income Ratio | 2021 Price to Income Ratio | Average Cost of House | Average Household Income Dollars |
Average 2022 Dollars
|
| 1977 | $48,800 | $7,563 | $31,380 | 6.45 | 1.56 | $54,200 | $9,379 | $38,920 |
| 1978 | $55,700 | $8,280 | $32,160 | 6.73 | 1.73 | $62,500 | $10,286 | $39,950 |
| 1979 | $62,900 | $9,034 | $32,050 | 6.96 | 1.96 | $71,800 | $11,263 | $39,960 |
| 1980 | $64,600 | $9,995 | $31,930 | 6.46 | 2.02 | $76,400 | $12,149 | $38,820 |
| 1981 | $68,900 | $10,609 | $30,940 | 6.49 | 2.23 | $83,000 | $13,099 | $38,200 |
| 1982 | $69,300 | $11,050 | $30,390 | 6.27 | 2.28 | $83,900 | $13,868 | $38,140 |
| 1983 | $75,300 | $11,601 | $30,620 | 6.49 | 2.46 | $89,800 | $14,641 | $38,640 |
| 1984 | $79,900 | $12,142 | $30,760 | 6.58 | 2.6 | $97,600 | $15,514 | $39,300 |
| 1985 | $84,300 | $12,884 | $31,570 | 6.54 | 2.67 | $100,800 | $16,575 | $40,610 |
Date Created: October 2023
Date Modified: October 2023
Price: Free
File Format: XLS
(CSV or JSON available upon request)
Who Is This Data For?
This dataset can be used by anyone to assist in making predictions about the future state of the housing market. The data can also be useful for journalists or educators looking to inform the public about affordability trends.
The suggested use cases for this dataset include:
- Can help Homebuyers make informed decisions about when to purchase their home by taking into consideration when prices to income ratios are more favorable.
- Journalists can use the data to help educate communities on housing affordability trends
- Home builders can adjust their projects to the income level of target demographics, ensuring that their company meets demand and affordability
Enrichment Options
We utilize state-of-the-art AI and machine learning to enrich datasets further and provide predictive analytics for your important KPIs. Get in touch to learn more.
Enrichment opportunities for this dataset include:
- Blend data with other datasets related to urban studies or economics to see correlations between affordability and other demographic variables
- Subscribe to a regularly updated data feed / Create a custom API
- Request related data unique to your needs
Data Enrichment
We can provide additional services such as blending this data with your internal data, applying predictive analytics, and more. Get in touch to learn more.
Additional Questions?
If you have additional questions, or have a specific request for this dataset, contact our team at FourFront.
Date Created: October 2023
Date Modified: October 2023
Available Formats: CSV, XLS, JSON
Price: Free
Sample Data
Scroll table horizontally to view more
| Period | Median Cost of House | Median Household Income Dollars | Median 2022 Dollars | Price to Income Ratio | 2021 Price to Income Ratio | Average Cost of House | Average Household Income Dollars |
Average 2022 Dollars
|
| 1977 | $48,800 | $7,563 | $31,380 | 6.45 | 1.56 | $54,200 | $9,379 | $38,920 |
| 1978 | $55,700 | $8,280 | $32,160 | 6.73 | 1.73 | $62,500 | $10,286 | $39,950 |
| 1979 | $62,900 | $9,034 | $32,050 | 6.96 | 1.96 | $71,800 | $11,263 | $39,960 |
| 1980 | $64,600 | $9,995 | $31,930 | 6.46 | 2.02 | $76,400 | $12,149 | $38,820 |
| 1981 | $68,900 | $10,609 | $30,940 | 6.49 | 2.23 | $83,000 | $13,099 | $38,200 |
| 1982 | $69,300 | $11,050 | $30,390 | 6.27 | 2.28 | $83,900 | $13,868 | $38,140 |
| 1983 | $75,300 | $11,601 | $30,620 | 6.49 | 2.46 | $89,800 | $14,641 | $38,640 |
| 1984 | $79,900 | $12,142 | $30,760 | 6.58 | 2.6 | $97,600 | $15,514 | $39,300 |
| 1985 | $84,300 | $12,884 | $31,570 | 6.54 | 2.67 | $100,800 | $16,575 | $40,610 |
Who Is This Data For?
This dataset can be used by anyone to assist in making predictions about the future state of the housing market. The data can also be useful for journalists or educators looking to inform the public about affordability trends.
The suggested use cases for this dataset include:
- Can help Homebuyers make informed decisions about when to purchase their home by taking into consideration when prices to income ratios are more favorable.
- Journalists can use the data to help educate communities on housing affordability trends
- Home builders can adjust their projects to the income level of target demographics, ensuring that their company meets demand and affordability
Enrichment Options
We utilize state-of-the-are AI and machine learning to enrich the datasets further and provide predictive analytics for your important KPIs. Get in touch to learn more.
Enrichment opportunities for this dataset include:
- Blend data with other datasets related to urban studies or economics to see correlations between affordability and other demographic variables
- Subscribe to a regularly updated data feed / Create a custom API
- Request related data unique to your needs
Data Enrichment
We can provide additional services such as blending this data with your internal data, applying predictive analytics, and more. Get in touch to learn more.
Additional Questions?
If you have additional questions, or have a specific request for this dataset, contact our team at FourFront.
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