Homebuyers need to earn 87% more than in pre-COVID years to afford a starter home, Redfin says

Source: Business Insider

PM Images/Getty Images US income earners must make $75,849 to afford a starter home, Redfin reported. That's an 87% jump from the how much a buyer needed to earn pre-COVID, in 2020. Affordability is starting to improve, as mortgage rates are slowly sliding this year.