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The average teacher can afford just 12% of homes for sale within commuting distance of their school, down from 17% last summer and 30% in 2019, before the pandemic homebuying boom drove up housing prices, according to a Redfin analysis of median teacher salaries (2022) in the 50 most populous U.S. metro areas and more than 70,000 PreK-12 public and private schools in those metros.
“Commuting distance” means a teacher can drive between home and work within 20 minutes during rush hour. This analysis covers homes for sale on July 31 in 2023, 2022 and 2019, and homes for rent on Aug. 4, 2023. To calculate the share affordable by metro, we averaged the shares affordable for each school within a metro.
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