Episode 71: $120K Income Needed for Median Home — Affordability Crisis Continues

It's Monday, March 30th, 2026 — today we're diving into residential and multifamily with the most relevant data you need right now.WHAT'S HOT:Build-to-rent surging — single-family rentals hit 14.6 million units, highest since 2016BTR construction now exceeds 7% of all single-family housing starts (up from 2.3% historical average)Multifamily occupancy solid at 94.5%Absorption expected between 350,000–400,000 units this yearCoastal and Midwest markets outperforming — Boston and D.C. leading rent growthMidwest offers best balance of affordability, low construction, and stable demandCap rates plateauing at 5%–6.5% nationallyClass A properties trading at 4.5%–5.25% in major marketsMultifamily vacancy hit record 7.3% nationally in DecemberMultifamily starts expected to fall 5% in 2026Rent growth stagnant — average U.S. rent unchanged at $1,740Yardi Matrix forecasts just 1.2% rent growth nationally for 2026Sun Belt and Mountain markets lagging due to oversupplyHousing affordability near multi-decade lows$120,000 income needed to qualify for median-priced home (median income only $85,000)30-year fixed mortgage rate at 6.38% — fourth consecutive weekly increaseHome prices projected to grow just 0%–3% nationallyAustin, Denver, Phoenix seeing significant delivery pullbacksWHAT'S NOT:INVESTOR TAKEAWAY:Build-to-rent is the growth story. Multifamily is stabilizing but rent growth is muted. Coastal and Midwest markets offer the best fundamentals. Sun Belt is working through oversupply — patience required. Cap rates are plateauing with compression expected later this year. Focus on quality assets in supply-constrained markets.#MultifamilyRealEstate #ResidentialRealEstate #BuildToRent #SFR #SingleFamilyRental #ApartmentInvesting #RentGrowth #HousingAffordability #MortgageRates #CapRates #SunBelt #RealEstateInvesting #CRE #MultifamilyInvesting #HousingMarket #RealEstateNews #PropertyInvesting #Vacancy #RentalMarket #WhatsHotWhatsNot