How Muc Do You Need to Afford A House in Your Area?
- Written by Admin TOA
- Published in How to Invest in the U.S.
Featured
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.
Author | Kevin Aizenshtat -
Last modified onSaturday, 29 July 2017 20:51
Tagged under
Latest from Admin TOA
- Hiram & Solomon Cigars Introduces the Patriot Cigar Honoring M.W. George F. Hamilton, 91st Grand Master of Masons in Massachusetts
- PCA Officially Announces 2025 Trade Show Dates
- Galaxy Group Gets DO&CO Detroit Project
- Necla Ozkan Joins Coldwell Banker Realty’s 2024 Sterling Society for Outstanding Sales Performance
- "Discovering Hidden Gems: Inspiring Stories from New York Life & Beyond"
