The State of the Nation's Housing 2025

State of the Nation's Housing 2025 report cover.

The US housing market is shrouded in uncertainty. High home prices and interest rates have pushed sales to their lowest level in 30 years; insurance premiums and property taxes are on the rise; high rents have left record numbers with cost burdens; and devastating wildfires have highlighted the growing dangers of climate disasters. And the increasing likelihood of an economic downturn threatens to deepen these challenges.

Read the Report

Interactive Maps & Data

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Homebuyers Are Increasingly Priced Out

Small US map linking to interactive map showing price-to-income ratios.

Home Price-to-Income Ratios Soaring

Small map linking to interactive showing cost burdens by state for renters and homeowners.

Renter Cost Burdens Hit Another Record High

Small bar chart linking to interactive showing rental costs.

Rents Are Shifting Higher

Small US map linking to interactive map showing domestic migration levels.

Domestic Migration Is Slowing

Small US map linking to interactive map showing rise in homelessness.

Sharp Rise in Homelessness

Resources

The data behind each figure in the report can be found in both the Excel Data and the PowerPoint below (in the PPT charts, open the figure you are interested in, right-click on the figure, and choose "Edit data").