I'm sure you've heard the phrase "don't spend more than 30% of your income on housing costs." Is this outdated advice? While the 30% rule has been a longstanding guideline for housing affordability, it may not be feasible for everyone in the current economy and housing market. Factors such as location, income level, and other financial obligations should also be taken into consideration when determining what is affordable for housing.  According to Christian Real Estate Network, in 2025, the average American household needs to spend 44.6% of it's income to just afford a median-priced home. Each household has many factors to consider when looking into buying a home, such as personal beliefs related to budgeting, lifestyle, job security, household income, and personal goals. It's always best to consider all those factors, not just follow a common "rule". What are your thoughts? 

 

Amanda