Saving for a starter home now takes about twice as long as in 2019

A new analysis finds the average renter household now needs 16 years to save for a down payment and closing costs. Rising rents and other costs are cited as the main pressure on budgets.

Timeline

1. 22 Oct, 09:00 UTCFirst appeared on NPR

Top sources

• How long does it take to save up for a starter home? Twice as long as it did in 2019NPR