Thursday, 22 October 2026 Updated 32 min ago
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How long does it take to save up for a starter home? Twice as long as it did in 2019

A new analysis finds that the average renter household now needs 16 years to save for a down payment and closing costs.

Image accompanying the story: How long does it take to save up for a starter home? Twice as long as it did in 2019
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NPR reports that a new analysis finds that the average renter household now needs 16 years to save for a down payment and closing costs.

Rising rents and other costs have consumed a growing share of household budgets.

This lifestyle story centres on the United States.

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Key details

Location
United States · Americas
Reported by
NPR
First reported
Section
Lifestyle

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