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canada goose The salary you need to earn to buy a home right now in 19 of the most expensive housing markets in America Libby Kane May 24, 2017, 1:50 PM In the first quarter of 2017, mortgage rates and home prices continued to rise. Seattle, Washington (pictured), is one of the most expensive housing markets in the US.Shutterstock/Hdc Photo If you want to buy a home, it will cost you. Mortgage site HSH.com has updated its estimate of how much annual income a household would need to buy a home in major metropolitan areas in the US, according to first-quarter 2016 data. In Q1, the site found that the prices of sold homes in the majority of the markets it examined dropped from Q4 2016, but an increase in 30-year mortgage rates more than countered that drop. Between the mortgage rates and the prices — which may have been less than Q4 but were still more than a year prior — the average home price increased by about 9% across all markets. HSH.com looked at median home prices from the National Association of Realtors. It took into account interest rates for common 30-year fixed-rate mortgages and property taxes and insurance costs to figure out how much money it would take to pay a median-priced home’s mortgage drachen-spiele , taxes, and insurance in each city, and how much you’d have to earn to afford it. HSH.com emphasizes that this is only the base cost of owning a home, without taking into account maintenance and other incidentals. The site also calculated how it would change the salary needed to buy a home if a buyer were to put 10% down instead of the recommended 20%. No matter where you are, putting down less makes things more expensive — you can visit HSH.com to see both numbers. Salaries are listed from lowest to highest needed and are rounded to the nearest $500. 1/ 19. San Antonio Homes in this San Antonio, Texas, neighborhood are listed for about $200,000. Google Maps Population: 1,409,000 Median home price: $202,600 Monthly mortgage payment: $1,186 Salary needed to buy: $51,000 2/ 18. Philadelphia Homes in this Philadelphia, Pennsylvania, neighborhood are listed for about $210,000. Google Maps Population: 1,517,628 Median home price: $209,000 Monthly mortgage payment: $1,221 Salary needed to buy: $52,500 3/ 17. Orlando Homes in this Orlando, Florida, neighborhood are listed for about $230,000. Google Maps Population: 255,483 Median home price: $230,000 Monthly mortgage payment: $1,229 Salary needed to buy: $52,500 4/ 16. Minneapolis Homes in this Minneapolis, Minnesota, neighborhood are listed for about $240,000. Google Maps Population: 407,207 Median home price: $234,700 Monthly mortgage payment: $1,254 Salary needed to buy: $54,000 5/ 15. Baltimore Homes in this Baltimore, Maryland, neighborhood are listed for about $237,000. Google Maps Population: 640,064 Median home price: $237,600 Monthly mortgage payment: $1,281 Salary needed to buy: $55,000 6/ 14. Houston Homes in this Houston, Texas, neighborhood are listed for about $220,000. Google Maps Population: 2,076,189 Median home price: $222,300 Monthly mortgage payment: $1,296 Salary needed to buy: $55,500 7/ 13. Dallas Homes in this Dallas, Texas, neighborhood are listed for about $236,000. Google Maps Population: 2,518,638 Median home price: $236,500 Monthly mortgage payment: $1,362 Salary needed to buy: $58,500 8/ 12. Chicago Homes in this Chicago, Illinois, neighborhood are listed for about $230,000. Google Maps Population: 2,824,584 Median home price: $228,600 Monthly mortgage payment: $1,386 Salary needed to buy: $59,500 9/ 11. Sacramento Homes in this Sacramento, California drachen-spiele.de , neighborhood are listed for about $320,000. Google Maps Population: 479,686 Median home price: $319,700 Monthly mortgage payment: $1,589 Salary needed to buy: $68,000 10/ 10. Miami Homes in this Miami, Florida, neighborhood are listed for about $320,000. Google Maps Population: 417,650 Median home price: $318,000 Monthly mortgage payment: $1,637 Salary needed to buy: $70,000 11/ 9. Portland Homes in this Portland, Oregon, neighborhood are listed for about $359,000. Google Maps Population: 609,456 Median home price: $359,900 Monthly mortgage payment $1,727 Salary needed to buy: $74,000 12/ 8. Denver Homes in this Denver, Colorado, neighborhood are listed for about $395,000. Google Maps Population: 649,495 Median home price: $396,100 Monthly mortgage payment: $1,812 Salary needed to buy: $77,500 13/ 7. Washington, DC Homes in this Washington, DC, neighborhood are listed for about $385,000. Google Maps Population: 582,049 Median home price: $383,500 Monthly mortgage payment: $1,926 Salary needed to buy: $82,500 14/ 6. Seattle Homes in this Seattle, Washington, neighborhood are listed for about $420,500. Google Maps Population: 652,405 Median home price: $422,100 Monthly mortgage payment: $2,017 Salary needed to buy: $86,500 15/ 5. Boston Homes in this Boston, Massachusetts, neighborhood are listed for about $420,000. Google Maps Population: 645,966 Median home price: $414,200 Monthly mortgage payment: $2,133 Salary needed to buy: $91,500 16/ 4. New York City Homes in this New York, New York, neighborhood are listed for about $386,000. Google Maps Population: 8,213,839 Median home price: $386,000 Monthly mortgage payment: $2,233 Salary needed to buy: $95,500 17/ 3. Los Angeles Homes in this Los Angeles, California, neighborhood are listed for about $465,000. Google Maps Population: 3,794,640 Median home price: $465,800 Monthly mortgage payment: $2,299 Salary needed to buy: $98,500 18/ 2. San Diego Homes in this San Diego, California, neighborhood are listed for about $560,000. Google Maps Population: 1,284,347 Median home price: $564,000 Monthly mortgage payment: $2,605 Salary needed to buy: $111,500 19/ 1. San Francisco Homes in this San Francisco, California, neighborhood are listed for about $800,000. Google Maps Population: 777,660 Median home price: $815,400 Monthly mortgage payment: $3,759 Salary needed to buy: $161,000 Previous 1/ Next SEE ALSO: Here's how much you need to earn to live comfortably in 15 major US cities while still saving money canada goose parka