First-Time Home Buyers Now Need At Least $76,000 To Afford A Typical Starter Home In U.S., Report Finds

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I am a Colorado-based reporter. Before joining Forbes, I covered education and local government in Fort Collins, Colorado. I am a graduate of Creighton University, where I got a BA in journalism, and Arizona State University, where I got an MA in investigative journalism. Send tips at mbohannon@forbes.com and follow me on Twitter @molboha.

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The cost of average starter homes—defined by Redfin as homes with sale prices between the 5th and 35th percentile—also increased 3.4% year-over-year, with the average being sold for $240,000 in February.

 

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