Single-Family Home prices had positive price gains
In the first quarter of 2025, U.S. home prices continued to rise, with the national median reaching $402,300—a 3.4% increase from the previous year. Monthly mortgage payments also grew to $2,120, while mortgage rates edged up to 6.90%. Though median family incomes have increased, affordability remains a concern, making it important for buyers to consider local price trends and income requirements when evaluating where they can afford to live.
