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11/18/2018

Student debt limits potential home buyers’ choices

Read the full Columbus Dispatch article here. 

Student debt knocks almost $100,000 off the price of home buyers can afford, according to a new Zillow report.

The average monthly student debt for renters who are looking to buy a home in the next year is $388, according to the report. If a renter with student debt spends no more than 30 percent of their income on housing and student debt, the most expensive home they can afford is $269,400 — which accounts for just over half of the U.S. homes currently listed for sale.

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