How Much You Need To Earn To Own A Home In A U S Metro Area
According to new data from Redfin, a homebuyer must earn $107,281 to afford the $2,682 monthly mortgage payment on the typical U.S. home. That number, the company said, was up 45.6 percent from $73,668 just one year ago. The company also revealed that homebuyers must earn at least $100,000 annually to buy a home in nearly half (45) of the metros in its analysis—up from 16 cities a year ago....