U.S. Birth Rates Plummet as Home Prices Surge: Here’s How the Housing Market Is Shaping Family Planning
The U.S. birth rate plunged to an all-time low in 2024 after being on a downward trajectory for roughly 20 years, with soaring housing costs widely cited as a major contributing factor.
Earlier this summer, the U.S. Centers for Disease Control and Prevention (CDC) released updated birth data for the previous year, revealing that the nation’s fertility rate decreased to fewer than 1.6 kids per woman, down from 2.1 kids per woman recorded in 2006, which is the rate the country needs to sustain its population.
The last two decades saw women increasingly delaying having children, or choosing not to have them at all. There are many factors fueling this trend, including personal and cultural, and one of them is the rising housing costs, according to some experts.
Data analyzed by Realtor.com® economists show that from 2006 to 2024, the financial burden of purchasing a home has grown dramatically.
In 2006, the median price of a single-family home was $221,923, which translates to about $343,806 in 2024 dollars when adjusted for inflation. By comparison, the median sale price in 2024 was $410,100, more than $66,000 higher in real terms than the 2006 equivalent. (Read more from “U.S. Birth Rates Plummet as Home Prices Surge: Here’s How the Housing Market Is Shaping Family Planning” HERE)
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