The Record

House

Brick is the monthly principal-and-interest payment on the median new house — 20% down, 30-year, that year’s average mortgage rate. Steel is median rent. Same units: dollars a month. The sticker price is not the cost. Cards show rent in 2026 dollars. 2022–23 is the rate shock. 2026 is through June.

To buy

P&I, 20% down

$2,034

6.35% · $408,800 house

To rent

median gross rent

$1,565

$1,578 in 2026 $

30-year

Freddie Mac average

6.35%

$408,800

At this year

Donald Trump

2026*

Trump 2 · $2,083/mo

To buyTo rent
$0$500$1000$1500$2000$250089939701050913172125

By administration

George H. W. Bush

Bush 41

1989–1992

$817

Rent
$494
2026 $
$1,242
30-year
9.52%
Bill Clinton

Clinton

1993–2000

$825

Rent
$582
2026 $
$1,230
30-year
7.68%
George W. Bush

Bush 43

2001–2008

$1,070

Rent
$760
2026 $
$1,310
30-year
6.23%
Barack Obama

Obama

2009–2016

$1,006

Rent
$941
2026 $
$1,369
30-year
4.19%
Donald Trump

Trump 1

2017–2020

$1,228

Rent
$1,143
2026 $
$1,510
30-year
3.90%
Joe Biden

Biden

2021–2024

$1,910

Rent
$1,354
2026 $
$1,528
30-year
5.46%
Donald Trump

Trump 2

2025–2026

$2,083

Rent
$1,548
2026 $
$1,582
30-year
6.47%

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Notes

Payment is principal and interest only. Rent on the cards is converted to July 2026 dollars.

  • Home price. U.S. Census Bureau / HUD, New Residential Sales, median sales price of new houses sold. Annual 1989–2025. 2026 is the January–June monthly average ($408,800). This is new construction, not existing-home sales.
  • Mortgage rate. Freddie Mac Primary Mortgage Market Survey, 30-year fixed, weekly U.S. average, calendar-year mean. 2026 is weeks through August 13 (6.35%).
  • Monthly payment. Principal and interest only on 80% of that year’s median price, 30-year amortization, at that year’s average 30-year rate. Not taxes, insurance, PMI, or HOA. A 20% down payment is the conventional underwriting baseline, not what most buyers put down.
  • Rent. Level is Census ACS 2023 median gross rent, $1,406 (rent plus utilities). Path is BLS CPI rent of primary residence. This is constant-quality rent in dollars, not a Zillow asking rent.
  • 2026 dollars. Rent on the administration cards is converted to July 2026 dollars with BLS CPI-U (all items, NSA). The chart and the “To rent” headline stay in the dollars people paid that year.

Source: Census new-home median · Freddie Mac 30-year · ACS rent × BLS rent CPI · 2026 through June