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Home prices have been rising faster than wages, but researchers at Trulia found that mortgage rates have a bigger impact on affordability than home prices and income changes, reports Washington Post writer Michele Lerner. In fact, the researchers found that nationally houses are the most affordable now than in the past nearly 40 years.

In 2016, a household with the median income could afford a home 1.5 times more expensive than the median home price. In 1980, a household with the median income could afford a home valued at three-fourths of the median home price. Trulia’s affordability score compares the highest price a household with the median income could afford with median home prices in each year. The highest affordable price is determined based on a 20 percent down payment on a mortgage.

The Trulia study points out the staggering difference between income growth and home price increases: Adjusting for inflation, median incomes have grown 27 percent between 1980 and 2016, while median home prices increased 62 percent during that same period.

Of course, affordability is influenced heavily by location. Trulia’s look at 100 of the country’s largest metro areas over the decades found that only Miami became unaffordable between 1990 and 2016, which means that a household earning the median income can’t afford a house at the median price.

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