Housing payments have risen by 92% in swing states since 2020. (iStock )
The housing affordability crisis is hitting swing states hard. These battleground states, which could potentially be won by either candidate, are especially focused on the issue of affordability in the upcoming election. About nine in 10 adult Gen Zers reported housing affordability is important when deciding who to vote for, Realtor.com found.
Housing payments in swing states have nearly doubled since the last election, rising by 92% to $2,161, on average. Rising home prices and mortgage rates have largely contributed to this jump in ownership costs. The average sales price in swing states increased by about 40% since 2020, and now sits at just over $316,000 in 2024. Mortgage rates have more than doubled to about 7% since the beginning of 2021, when they were 2.65%, on average.
Both red and blue states…
