08/24/2026
"Skip the lattes and you could buy a house."
We're in an affordability crisis and some people are criticizing young people's budget discipline. I ran the numbers instead.
A $6 daily latte costs $2,190 a year. A 10% down payment on the median American home is $41,690. That's 19 years of skipped lattes. Since 1985, incomes are up 252% and home prices are up 403%. The typical first-time buyer is now 40 years old. In 1981, it was 29. Coffee didn't do that.
And before somebody says it: "This is Clarksville, not California. What crisis?"
Fair. I pulled every residential sale in Johnson County from the last 12 months, from both MLS systems that cover us. 246 closings. The median Clarksville-area home sold for $193,000. The median household here earns about $37,000, per the Census. That's 5.2 times income. The national figure is 5. We aren't the exception to this math. We ARE it, with smaller price tags. On the standard playbook, an FHA loan, that median home runs around $1,550 a month with $6,800 down. So no, Clarksville isn't magically affordable. The problem was never lattes here either.
Here's what IS different in this valley. Last year, 42 homes sold here under $150,000, roughly a third of the market, and a dozen more are listed under $150K right now. Of the sales with financing recorded, 38% closed FHA, VA, or zero-down USDA. That's how your neighbors actually bought. Stack USDA (zero down, most of Johnson County qualifies) with Arkansas's StartSmart rate cut and up to $15,000 in state down payment help, and a $150K home runs right around $1,200 a month. A 3-bedroom rental here runs anywhere between $1,000 - $1,300.
One median paycheck alone still can't do it, and I won't pretend otherwise. But two incomes, or one solid one, pointed at the right programs? That's a real door. In most of the country, there is no door.
What's the one thing you believe is keeping you from buying? Comment or message me. If it's a program you've never heard of, I'll point you to it. If the honest answer is "wait a year and fix two things first," I'll tell you that too.
Justin Sherman, Realtor | Moore and Co., Realtors - Clarksville | 903-824-2018