Higher income needed for buyers to afford the typical US home
- Seattle, Portland, San Francisco
- 2022/11/30
A homebuyer must earn $107K to afford the $2,682 monthly mortgage payment on the typical US home. This is ↑ 45.6% yearly from $73,668. From Feb 2020 to Oct 2022, the monthly income needed to buy the median-priced home ↑ 70%. Buyers in North Port, FL need to earn $131K annually to afford the metro area’s typical monthly mortgage payment of $3,288.
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