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Housing & Real Estate

Wealth & Growth

What Income It Takes to Buy a Home in Your Area

Roughly 75% of homes on the market are not within reach for the typical U.S. household.

Metros where buyers need the most income

San Francisco, CA
$353,500
Los Angeles, CA
$227,300
San Diego, CA
$221,900
New York, NY
$212,500
Seattle, WA
$206,000
Boston, MA
$198,600
Miami, FL
$174,200
Washington, DC
$151,800
Denver, CO
$148,000
Riverside, CA
$144,800
National
$112,956

Metros where buyers need the least income

Detroit, MI
$66,700
Pittsburgh, PA
$70,100
Louisville, KY
$78,500
St. Louis, MO
$80,200
Birmingham, AL
$80,800
Cincinnati, OH
$84,450
Oklahoma City, OK
$84,500
San Antonio, TX
$88,000
Philadelphia, PA
$90,200
Lincoln, NE
$93,000
National
$112,956

Income calculations are based on a median-priced house in each market, the average 30-year mortgage rate (6.8%) and a 20% down payment. It assumes spending no more than 30% of annual gross income on housing costs, including home insurance and property taxes. Source: Bankrate analysis of Realtor.com data

Calculators

Research & Guides

US median home price by state
Housing Median Home Price by State 2025
US mortgage affordability gap
Affordability The Mortgage Affordability Gap
Income to afford a home USA
Income Income Needed to Afford a Home
US mortgage rate history
Rates 30-Year Mortgage Rate History
US mortgage rates on outstanding mortgages
Rates Mortgage Rates on Outstanding Mortgages
Top 1% income USA
Wealth Top 1% of Income Earners
Top 1% net worth USA
Wealth Top 1% of Net Worth
Home cost to income USA
Housing Home Cost to Income Ratio
Average down payment USA
Housing Average Down Payment
Average mortgage payment USA
Mortgage Average Mortgage Payment
US median household income
Income Median Household Income by State
US average income by state
Income Average Income by State
US median income by state
Income Median Income by State
US minimum wage by state 2025
Income Minimum Wage by State 2025
Mortgage rate lock-in effect
Rates Mortgage Rate Lock-In Effect

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