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05-09100. GNIS feature ID. 2405329 [2] Website. www .brooklandarkansas .org. Brookland is a city [3] in Craighead County, Arkansas, United States. The population was 1,642 at the 2010 census. [4] It is included in the Jonesboro, Arkansas Metropolitan Statistical Area .
The median homeowner has a net worth ($396,200) nearly 40 times higher than the average renter ($10,400), according to the Federal Reserve. For many middle-class families, home equity makes up a...
The report's key figure, the "Housing Wage," reveals the hourly earnings necessary for full-time workers to afford fair market rental homes without exceeding 30% of their incomes. Nationally, the 2023 Housing Wage is $28.58 per hour for a modest two-bedroom home and $23.67 per hour for a one-bedroom home.
In the United States [17] and Canada, [18] a commonly accepted guideline for housing affordability is a housing cost, including utilities, that does not exceed 30% of a household's gross income. [19] Some definitions include maintenance costs as part of housing costs. [20]
For instance, in Pittsburgh, the median home sells for about $199,573; after a 20% down payment, the mortgage — including taxes and insurance — comes out to roughly $1,398 per month.
Just 16% of homes for sale in 2023 were affordable to the typical US household, the lowest share on record since Redfin started tracking the metric a decade ago. Overall, the share of affordable ...
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