Connect with us

Let’s Play, Can You Afford To Live There? San Jose = HOSED

money

Lifestyle

Let’s Play, Can You Afford To Live There? San Jose = HOSED

HSH.com’s salary analysis reveals the yearly earnings required to afford a median-priced home. Previously featuring 27 housing markets, HSH.com has now expanded the salary slideshow to include 50 of the largest metro areas.

The most and least affordable metro areas in the salary analysis:

Most affordable metropolitan areas Required salary to afford a median-priced home
1. Pittsburgh

$35,329.29

2. Cleveland

$36,553.26

3. Indianapolis

$37,429.34

 

 Least affordable metropolitan areas Required salary to afford a median-priced home
1. San Jose

$221,363.63

2. San Francisco

$181,341.49

3. San Diego

$116,875.11

See the salary you would need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home in largest 50 metropolitan areas.

Here’s more:

  • In the second quarter analysis of 2017, the spring homebuying season had no shortage of prospective homebuyers. However, the limited supply of homes made it a seller’s market.
  • The national average of median home prices cost $255,600, requiring a salary of just over $56,000.
  • Twenty-three of the 25 most affordable metro areas in the second quarter were located on the east coast.
Continue Reading
Click to comment

More in Lifestyle

To Top