RealTor.com says these areas require the largest income to buy a house

Photo of author

By [email protected]


The ability to withstand housing costs is one of the main considerations when purchasing a house often different based on the market in which the housing buyers are looking to buy.

in “Housing trend report in April“RealTor.com has set the markets in the United States where buyers need to make the most money to be able to buy a medium prices.

While five of Metro areas In the first ten places it can be found in California, and has demanded places in many other states a great innovation, according to the real estate market.

Housing that gets more at reasonable prices for middle income people, but supply problems remain

Both houses in both the ten metro areas that are classified between the Reeltor.com areas “with the highest income required to provide” all of them need at least six numbers, with San-Sunifel-Santa Clara, California, ranks first.

San Jose Sunifelle Santa Clara, California

San Jose, California - August 15: A general view of the city center horizon on August 15, 2024 in San Jose, California. The average price of a single family house exceeded $ 2 million in the San Jose Metro area, which represents a record in the country. (Photo by Lauren Elliot/Getty Emiez)

General view of the city center horizon on August 15, 2024 in San Jose, California. The average price of a single family house exceeded $ 2 million in the San Jose Metro area, which represents a record in the country. (Lauren Elliot / Getty Emachurs / Getty Emoxz)

In April, homes in the San Jose-sunnyvale-santa Clara market amounted to medium prices of about $ 1.4 million, according to RealTor.com. The income needed to buy such a house has linked more than $ 370,000, more than any other market that is seen.

San Francisco Auckland Frimont, California

San Francisco Gold Gate Bridge

The Golden Gate Bridge stands in front of the San Francisco horizon on March 28, 2024 in Susalito, California. (Photo by Justin Sullivan / Getty Embers / Getty Em.

This housing market, which is also ranked second, is in northern California. The report found that buyers who need a pocket about 263,000 dollars annually to bear the listing price of $ 995,000 in April.

Los Angeles-Long Beach-Anheim, California

Los Angeles

There is a layer of smoky fog above the downtown of Los Angeles on December 6, 2024. (Etienne Laurent / AFP via Getty Images / Getty Images)

Among the metro in the top ten to the highest required income, the Los Angeles Market-Antiom witnessed the largest-86 % jump-from 2019 to a house of about $ 315,900. The cost of the average house there is $ 1.195 million in April.

San Diego Chola Vista Carlspad, California

San Diego, California

San Diego ranked first. (Istock / Istock)

San Diego-Chula Vista-Carlsbad ranked third that requires the third highest income from home buyers, with more than $ 258,900 in the income needed for the average of $ 979,500, according to the report. Compared to last year, the average house price in the region decreased in April 6.7 %.

Seattle Takoma-Bilvio, Washington

Seattle, Washington

Seattle was the first city of songs in 2024. (Istock / Istock)

Tacoma is south of Seattle, while Bellevue sits east of the city. To buy a medium price of $ 782,225 in this market, home buyers had to get approximately $ 206,800, according to RealTor.com.

Boston Cambridge Nuton, Massachusetts New Hampshire

Boston, Massachusetts

An air view during a game between Boston Red Sox and Houston Astros on August 11, 2024 in Vinway Park, Boston. (Photo by Billie Weiss/Boston Red SOX/Getty Images/Getty Images)

The Boston Cambridge-Itbredton market has witnessed that its average price increases by 0.9 % year on an annual basis to reach 878,000 dollars in April, according to the report. Getting a house there takes about $ 232,100 income. Boston’s leap, home to more than 673,000 people, also found a 20.1 % jump on a year in the newly listed homes in April.

New York City-Viaren Jersey, New York New Jersey

The Lower Manhattan horizon faces the Hudson House apartments complex in the Soho West area in Jersey City, New Jersey, on Thursday, June 20, 2024. (Stephanie Keith / Bloomberg via Getty Images / Getty Images)

The report indicated that providing a broker for a house in Big Apple and around him and through the Hudson River in New Jersey necessitated an income of about 208,700 dollars in April. The desired market income jumped by 69.4 % since April 2019.

The American Housing Crisis: The CEO of RealTor.com says that there is a way to solve it

Denver Ourora Celsius, Colorado

Denver Horizon

The air view of the Denver horizon and the dome of the Capitol at sunset. (OE Sohm/VISIONS of America/Universal Images Group via Getty Images/Getty Images)

Denver is the capital of the state of centenary. Its housing market, close to Aurora and Centennial, had an average demand price of $ 599,450, which means that the home buyers will have to be more than $ 158,400 to be financially able to obtain approval to buy a residence, according to the RealTor.com website.

Sacramento Rosville-Volsum, California

New houses are built in Sacramento, California

The houses are under construction in Sacramento, California, on Monday, 3 July 2023. (David Paul Morris / Bloomberg via Getti Imachurs / Getty Pictures)

RealTor.com has found that the market, which includes Golden State, has an average price of $ 633,570 and the income required for such real estate is approximately $ 167,500. The houses usually sat on the market for 38 days there in April.

Washington-Arlington-Alexandria, DC Virginia

The air view of Washington, DC

Washington, the horizon of antiquities and highways. (Istock / Istock)

The province of Colombia, Erlington and Alexandria are among some cities that are located within the “DMV” area (Colombia Province, Maryland, Virginia), which includes the country’s capital. The report said that the Washington-Arlington-Alexandria market, which includes an average role in an average of about 623,000 dollars, requires profits of about 164,680 dollars.

DC Home Inventory Skyrockkets by 47 % after Trump’s federal workers’ demobilization

On the national level, the buyer of the homes was on the pocket He entered $ 114,000 To be able to be financially able to buy a house, according to the RealTor.com website.

I used a 30 -year -old mortgage, a 20 % batch and the maximum spending by 30 % of the total monthly income to calculate this number.

For sale in front of the house

A mark for sale suspended in front of a house in Pachug, New York, on June 1, 2024. (Steve Pfost / Newsday RM via Getty Images / Getty Images)

Houses for sale all over the United States carried an average price of $ 431,250 in April, according to their data.

The report said that the income needed to buy an average house in the United States has jumped 70.1 % in the past six years, compared to six years.

Click here to read more on Fox Business

In September last year, American census office Linking the real average family income in the United States at $ 80,610.



https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/10/0/0/for-sale.jpg?ve=1&tl=1

Source link

Leave a Comment