meta_pixel
Tapesearch Logo
Log in
Money Guy Show

How Much Home Can You Really Afford in 2025?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 4 June 2025

⏱️ 63 minutes

🧾️ Download transcript

Summary

With housing affordability reaching historic lows, how can the average American afford a home in 2025? We explore state-by-state income data, explain our home buying rules, walk through a real-life case study, and offer tools to help you buy smart. After that, we answer your questions about an out of order Financial Order of Operations, a 50% raise, and employer stock purchase plans. ⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Ready to launch your business? Get started with the commerce platform made for entrepreneurs. Shopify is specially designed to help you start, run and grow your business with easy customizable themes that let you build your brand, marketing tools that get your products out there. Integrated shipping solutions that actually save you time. From startups to scaleups, online, in person, and on the go. Shopify is made for

0:22.8

entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.

0:35.1

Here is a big question that a lot of young people are thinking about. How much home can you actually afford in 2025?

0:42.8

Brent, I am so excited to talk about this because housing has become this just very unique thing.

0:49.6

It's almost like for people today that are not homeowners yet, it's almost like it's the white whale.

0:56.0

It is like that unachievable goal that it seems to keep moving further and further and further

1:01.3

away. And so one of the questions we want people to be able to answer is, okay, when it comes to

1:05.3

buying a home, when it comes to making this significant life decision, how do I do it and how do I do

1:10.5

it well? Well, I think a good place

1:12.2

to start. And I was really, it's interesting when I get a resource that shares data so people

1:19.0

can actually use this data to figure out where they fall into things. There's this interesting map

1:23.7

that's come in our purview of how much people have to make to afford homes in each state.

1:33.1

Yeah, this is the median income recommended for buying a three-bedroom home by state.

1:39.9

So how much does my median income need to be in this state to buy a three-bedroom home?

1:45.7

As provided by data from visual capitalists.

1:48.4

If you don't look to their stuff, it's very interesting.

1:50.4

But look at this.

1:51.4

I mean, there's a spread.

1:52.7

Now, I guess if we were trying to figure out the lowest, I've been told by team West Virginia,

1:56.8

$71,000 down there.

1:58.8

And then if you want to go to the highest, we have to look out to California.

2:02.9

I think it's actually, Hawaii is the highest.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.