A $150k income 'won't get you far' in Seattle's housing market: Here's why

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The real estate market in Seattle, or really anywhere in western Washington, is a lot of things. But affordable? Not quite.

According to a recent survey done by the Census Bureau, the average income in Seattle is $110,000. According to the Northwest Multiple Listing Services, the average price of a house in King County is $726,000 as of February 2023.Matthew Gardner, the Chief Economist for Windermere Real Estate, tells KIRO 7 that households with an annual income of $150,000 may qualify for a loan between $550,000-$570,000. In his words, “that doesn’t get you far in Seattle.

But really, no matter where you sit on the pay scale, Gardner says a good start to the homebuying journey is simple: save your money.

 

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Also, conveniently located to major fentanyl use and trafficking.

No one wants to sell at a loss. Unless you bought your home 10 or 20 years ago you may be out of options. Lots of options in Texas or Tennessee.

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