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Here's How Much You Need To Buy A Home In 2022

Location
Seattle, Portland, San Francisco
Publish Date
2022/11/29

Home prices rose in the vast majority of metro areas in Q3 2022, pushing up the median income required to buy a home in the US. Of the 185 metro areas tracked, 46% registered double-digit price increases, ↓ 80% in Q2 2022. The median income needed to buy a typical home ↑ to ~$88K. The avg starting home's monthly mortgage payment ↑ to $1,808 for a ~$339K home with a 10% down payment loan.

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Los Angeles, San Diego, Central Coast, New York, New Jersey, North Carolina, Colorado, Miami, Tampa, Orlando, Charlotte, Raleigh, USA, California, Sacramento, Texas, Austin, Houston, Dallas, San Antonio, Illinois, Chicago, Atlanta, Florida, Nevada, Washington D.C., Minnesota, Minneapolis, Ohio, Pennsylvania, Arizona, Philadelphia, Maryland, Massachusetts, Connecticut, Indiana, South Carolina, Virginia, Missouri, Hawaii, Arkansas, Tennessee, Washington, Alabama, Jacksonville, North Port-Sarasota-Bradenton, Cape Coral – Fort Myers, Georgia