in the U.S. right now. If you want to live in the West, it will require $161,571 — making it the most expensive region in the country.
You would need to make $468,252 to afford a house in the San Jose area, the highest of all 221 U.S. metro markets surveyed, according to San Jose is by far the most priciest place to buy a home, even among 10 other metro areas where qualifying income exceeds $200,000. Here's a look at the most expensive markets.for homes in California and low interest rates early in the pandemic has driven up prices by 40% in the last four years, according to theIn contrast to California's most expensive markets, the qualifying income needed to buy a typical home in the U.S. overall is $103,835.
NAR's calculated qualifying income in each metro market based on median sale prices, a 20% down payment and a 7.37% interest rate. The monthly principal and interest payment are limited to 25% of a household's income.to learn about common passive income streams, tips to get started and real-life success stories. Register today and save 50% with discount code EARLYBIRD.