Buying a home means more than just coming up with a down payment; it means making sure you can keep up with that property month after month. There are several factors, like property taxes, insurance, and maintenance, that factor into a home's affordability, so it's crucial to know what you're getting into.Still, a home's price will generally be the single greatest factor in determining its affordability based on your earnings.
Similar Stories to Here Are The Most And Least Affordable Metro Areas To Buy A Home on Bing News
newsfeedback@fool.com (Maurie Backman), The Motley Fool
Sun, 03/18/2018 - 7:18am
BING NEWS:
- Housing affordability worsens
Metro Denver is one of the least affordable markets and Colorado one of the least affordable states for those looking to buy a home. Only 6% of the homes sold in the first quarter were affordable ...
05/5/2024 - 1:32 am | View Link - Can you buy a house if you make less than $100,000? Yes — in these 10 metro areas.
Dreaming of buying a house in today’s challenging real estate market? In this economy, you’ll need to make at least six figures — in most markets.
05/3/2024 - 12:54 pm | View Link - Household Income Needed to Buy a Home in California’s Major Metros Is More Than Double the Nationwide Figure
Home buyers in Boston and New York also need a household income of more than $200,000 to buy a median-priced home ...
05/2/2024 - 5:30 am | View Link - Looking for a house in Rochester? You’ll need income of nearly $90K
Listen to this article The average prospective homeowner in the Rochester metropolitan area must earn nearly $90,000 a year if they hope to buy a house. That’s according to Realtor.com’s April Housing ...
05/2/2024 - 3:13 am | View Link - Real Estate Map Shows Where It's Cheaper to Rent Than Buy
Metro areas in Austin, Salt Lake City, Seattle, San Jose and San Francisco had some of the highest buy-to-rent ratios, according to the study, with ratios between 86.5 percent and 180.7 percent. The ...
05/1/2024 - 10:09 pm | View Link - More
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