Earlier this week I posted about the typical American home based on data from the American Community Survey (ACS). The ACS provides some other interesting data on Americans and housing:
- Jennifer, our typical American, moved into her house between 2000 and 2009 (51.7%).
- She owns her home (65.5%) but is still paying off the mortgage (67.1%).
- The house is currently valued at a median value of $181,400. Jennifer and her husband’s monthly mortgage payment is a median of $1,559.
- If they decided to rent somewhere else instead, they would pay a median rent of $889.