To come up with its number, online real-estate broker Redfin assumed that prospective buyers would put 5% down on a home costing $320,000, SA's median home price. That equates to an average mortgage running $1,481 a month.
Although jaw-dropping compared to years past, San Antonio is below the national average. The median income needed to buy a home in the United States was $72,414 in March 2022, according to Redfin. The average price for a home nationally at that time was $412,700. Things might be looking up for homebuyers, however, since the real estate market is showing signs of cooling off. Last month,
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