Payment on the Typical US Home
The monthly principal-and-interest payment on the typical US home: Zillow's Home Value Index priced with 20% down at the month-average Freddie Mac 30-year fixed rate, amortized over 360 months — computed monthly since 2000. This is affordability as a buyer actually experiences it: price and rate collapsed into one dollar figure.
Latest reading
As of June 2026, Typical Payment (Monthly P&I payment ($)) stands at 1.88K — up from 1.88K the prior reading. The payment, not the price, is what freezes or thaws the market — the 2021-23 episode roughly doubled it from ~$1,000 to over $2,000/month, a bigger shock than any price move in the series. Taxes, insurance and PMI are excluded, so true ownership cost is higher; read the change, not the level. Payment YoY turning negative (falling rates and/or prices) has historically preceded activity recovering. Series history runs from 2000 to present.
Sources, methodology & freshnessLast updated 2026-07-20 · Open ↓Close ↑
Monthly P&I payment ($)
- YoY %
- -2.5%
- 30y rate
- 6.49%
Next release: ≈ Aug 17, 2026
Full history
Payment ($/mo)
Year-over-year %
The payment's annual change — the truest single measure of how fast housing affordability is deteriorating (positive) or repairing (negative). October 2022 peaked at +74% — the fastest affordability shock in the series.
Methodology & data
Typical Payment is sourced from Computed directly from the publisher’s own dataset (Computed: Zillow ZHVI × Freddie Mac PMMS 30-year average rate (20% down, 360-month amortization), monthly). We pull the complete history, chart it on a monthly basis, overlay SPY for context, and generate a dated plain-English reading from the latest release — with no smoothing or adjustment beyond what the chart legend states.
Every reading is stamped with its release date, last updated 2026-07-20. Maintained and reviewed by Yuriy Matso; see our methodology for the standards every series on the site is held to.
Frequently asked questions
What is the Payment on the Typical US Home?
The monthly principal-and-interest payment on the typical US home: Zillow's Home Value Index priced with 20% down at the month-average Freddie Mac 30-year fixed rate, amortized over 360 months — computed monthly since 2000. This is affordability as a buyer actually experiences it: price and rate collapsed into one dollar figure.
How do you read Typical Payment?
The payment, not the price, is what freezes or thaws the market — the 2021-23 episode roughly doubled it from ~$1,000 to over $2,000/month, a bigger shock than any price move in the series. Taxes, insurance and PMI are excluded, so true ownership cost is higher; read the change, not the level. Payment YoY turning negative (falling rates and/or prices) has historically preceded activity recovering.
Where does the Typical Payment data come from?
Computed: Zillow ZHVI × Freddie Mac PMMS 30-year average rate (20% down, 360-month amortization), monthly. We chart the full history and publish a dated, plain-English reading with every release; the raw series is downloadable as CSV at /data/indicators/typical-home-payment.csv.
How often is Typical Payment updated?
Typical Payment is a monthly series from Computed, refreshed here as soon as a new release posts to FRED.
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