How Much Income Do You Need to Afford a House in Your Area?

07/26/17

 
How much salary do you need to earn in order to afford the principal, interest, tax and insurance payments on a median-priced home in your metro area?

For our calculations, HSH.com uses the National Association of Realtors’ 2017 first-quarter data for median-home prices, national mortgage rate data derived from weekly surveys by Freddie Mac and the Mortgage Bankers Association of America for 30-year fixed rate mortgages and available property tax and homeowners insurance costs to determine the annual salary it takes to afford the base cost of owning a home (principal, interest, property tax and homeowner's insurance, or PITI) in the nation's 27 largest metropolitan areas. 

Warmest Regards,

Kevin Aizenshtat
Realtor
239-777-1451
[email protected]



LET’S CONNECT

We work diligently to offer the highest level of top notch service with integrity. Discover Naples luxury real estate with premier realty firm, Gulf Coast International Properties.

Contact Us