Home affordability is so out of reach right now that two out of five Americans think they’d need to win the lottery to become homeowners. That’s according to a recent survey of 2,000 current non-homeowners, only 53 percent of whom are confident in any way that they’ll be able to own their own home someday.

In addition to the 40 percent who think hitting a jackpot is their best chance at home ownership, one in four (26%) believe they’d need to inherit money from someone in order to ever own a home. One in five (19%) even believe they’d have to marry someone rich.

Overall, the average American thinks it would take them between three and four years to afford a home – and a third believe it would take them five years or more. Another 20 percent expect that they’ll never be able to afford one.

Conducted by OnePoll on behalf of Divvy Homes, the survey also revealed that almost six in 10 (57%) non-homeowners would find it difficult to afford a house in their current neighborhood. Despite that, 67 percent are still hopeful about the possibility of one day owning a home – more than five times as many as the number of people who actively described themselves as hopeless (12%). Another 19 percent describe themselves as frustrated and 11 percent feel desperate.

Most Americans say the housing market is too unstable

The changes in market dynamics and rise in interest rates are weighing heavily on would-be buyers. While over half (52%) believe the current housing market is unstable, 46 percent believe that things will level out within the next two to five years. However, 17 percent feel the market will never return to stable, affordable levels.

Respondents think they’d need to make an average of $76,000 a year to afford a starter home, and that they’d need at least $45,000 to afford a down payment on a starter home. Nearly half of respondents (44%) are willing to get a second job or side gig in order to get closer to their goal of homeownership.

The ideal downpayment size would be, on average, eight percent of the overall purchase price, which would make their ideal home worth just under $570,000.

Those who dream of being able to buy a home in the next few years prioritize affordable monthly payments (69%), the home being the right size for now and the future (39%), and the location being ideal for their family’s needs (37%). However, 56 percent think they’d be denied if they tried to apply for a mortgage right now.

“Potential buyers are looking for alternatives to traditional mortgage financing or are stuck waiting for a reprieve from the rising rates and prices that keeps so many of them renting and locked out of homeownership,” says Adena Hefets, Co-founder and CEO of Divvy Homes, in a statement. “There are so many factors putting downward pressure on a potential homeowner’s buying power — high interest rates, a lack of supply, increasing cost of living — that the starter home seems to be on the verge of extinction.”

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