How much house can you REALLY afford? A median-priced new home in 2024 costs $495,750 but 77% of US households can't afford that, according to the National Association of Home Builders. It doesn’t mean that you can’t get your foot in the door to homeownership, but you do need to know the factors that go into determining a comfortable price point for your financial situation and a realistic budget to maintain that home. Yahoo Finance takes an in-depth look at how to calculate the real costs of home affordability.

This post was written by Shelby Boamah.