Affordable or Attainable Homes: Which One Should You Be Looking For?

Affordable or Attainable Homes: Which One Should You Be Looking For?

In today’s housing market, it's easy to get lost in the buzzwords—especially when you're trying to make one of the most important financial decisions of your life. After reading our last blog breaking down the terms affordable and attainable, you might be wondering:
"Okay, but what does that mean for me?"

Let’s dig a little deeper.

 

First, What Can You Actually Afford?

Say you earn $60,000 a year. A healthy rule of thumb is to spend no more than 30% of your income on housing. That gives you about $1,500 a month for your mortgage, taxes, insurance, and maintenance.

With today’s average interest rates, that typically means you can afford a home in the $150,000–$220,000 range (depending on your down payment and local taxes).

Sound impossible? Not necessarily. That’s where communities built with affordability in mind come in.

 

Why This Matters for Future Homeowners

The term affordable has evolved. While it once may have implied government assistance, today it simply means homes that are within reach of working individuals and families—without sacrificing quality or community.

On the other hand, attainable housing typically refers to a broader range of buyers, often targeting the middle-income market that’s not eligible for subsidies but still struggles to find reasonably priced homes.

So which one should you be searching for? Both.
Because what really matters is whether the home fits your life and your budget.

 

What We Believe

At Ellison Development, one of the things we thrive on is creating real connections with future homeowners. That means using language people relate to, and building neighborhoods that people can afford—without having to move far from opportunity, schools, or the life they want.

We believe in communities that make homeownership possible for hardworking families. Whether it’s called affordable or attainable, our mission is clear:
To be the leading horizontal developer for affordable housing, dedicated to creating unique communities that support the American dream.

 

So... Which One Should You Be Looking For?

The truth is, it’s not about the label. It’s about finding a home that works for you.
With a budget in mind, a community that aligns with your goals, and a clear understanding of what you can afford—you’re already on the right path.

What matters more to you: affordability, lifestyle, or long-term value? Let’s start the conversation.