Did You Know: Median Income of Homebuyers Using Mortgage Financing
November 20, 2009
By Keunwon Chung, Statistical Economist 
- According to the Home Mortgage Disclosure Act data (HMDA), the median income of homebuyers using mortgage financing was $71,600 in 2008.
- Median income of primary homebuyers was $67,900, and that of vacation/investment home buyers was $118,100.
- The highest income of home buyers by selected state is as follows:
- Note: The data for 2009 will not be available until October 2010. The 2008 data does not reflect all-cash purchases. Also, some loans made by small financial institutions may not be included, either.
This is one in a series of commentaries by the Research staff of the National Association of REALTORS®. Read more commentaries >
Comments? Questions? E-mail NAR Research.
NAR members, learn how you can add this commentary to your Web site, blog, or newsletter. Read more >
