I really don't want to wait that long to purchase my house hold but it seems bleak unless I get a higher paying job or I miraculously pay off my loans which will bring me towards a $1200 a month which is more reasonable, however in New Jersey thats still nothing.

Median household income?

Despite the average family size decreasing from 2.9 persons per household in 1973 to 2.5 persons today, kitchens have doubled in size in those 4 decades along with the average ceiling height in a home rising by more than a foot.

I know what they typically run for each tenant after a couple bills, and what they should run for the size of the household, so I know if I have a water issue (typically a running toilet that needs to be fixed).

The demand for both multi-family homes (usually apartments for rent) and 1-family units (usually for home purchase) is expected to remain strong because housing construction for 1-family and multi-family units is still behind the demand arising from household formation and demand for replacement housing.

It weighed on my mind because we have a household income of $40k (after bonuses) with a toddler and another baby on the way.

.$18,000 for heads of households.$12,000 for singles.This seemingly benign change can adversely affect vacation-home owners, because their allowable itemized deductions (including those for vacation home mortgage interest and property taxes) may not exceed their standard deduction amount for 2018-2025.And in Hawaii… Short term vacation rentals come with an additional tax burden of 10.25% in Hawaii, the Transient Accommodations Tax (TAT).

Most things were just household items

By then I will have $10,000 stashed in an emergency fund, and $12,500 to go towards a down payment with the rest going towards furniture and household supplies, and also to cushion the emergency fund. 

We look forward to working with you. 3 Bed, 2 Bath in Rock Creek Swim and Tennis CommunityMinimum qualifications: No evictions on credit reportNo felony convictionsNo registered sex offendersMinimum household income of $3,600 per month ($43,200 per year)Favorable rental history with good references from previous landlordsHave a credit score of 600 or moreEvery person in the home 18 and older is required to applyRules and Pricing info: This is a partial list and more specific details will be in the lease agreement.