15 cities in the US, where you can buy housing at a salary of less than $ 40 thousand per year
If you want to become a homeowner, you do not need to earn more than 100 thousand per year, you just need to choose the right place to buy a house.
Фото: Depositphotos
Using data from the National Association of Realtors on prices and housing affordability in the second quarter of 2018, edition CNBC determined 15 cities, where to buy a house with a down payment in 10 or 20 percent you need a salary of less than 40 thousand dollars a year.
The above data assumes the rate on mortgage loans in 4,7%, and the monthly payment of the principal and interest amounts to 25% of the income of the resident.
Abilene, TX
- Salary required to buy a house with a 10% down payment: 37 827 dollars
- Salary required to buy a house with a 20% down payment: 33 624 dollar
- Average housing price: 167 200 dollars
Bloomington, IL
- Salary required to buy a house with a 10% down payment: 35 723 dollar
- Salary required to buy a house with a 20% down payment: 31 754 dollar
- Average housing price: 157 900 dollars
Buffalo, New York
- Salary required to buy a house with a 10% down payment: 33 732 dollar
- Salary required to buy a house with a 20% down payment: 29 984 dollar
- Average housing price: 149 100 dollars
Cedar Rapids, Iowa
- Salary required to buy a house with a 10% down payment: 36 922 dollar
- Salary required to buy a house with a 20% down payment: 32 820 dollars
- Average housing price: 163 200 dollars
Charleston, WV
- Salary required to buy a house with a 10% down payment: 32 035 dollars
- Salary required to buy a house with a 20% down payment: 28 476 dollars
- Average housing price: 141 600 dollars
Cleveland Ohio
- Salary required to buy a house with a 10% down payment: 34 660 dollars
- Salary required to buy a house with a 20% down payment: 30 809 dollars
- Average housing price: 153 200 dollars
El Paso TX
- Salary required to buy a house with a 10% down payment: 35 271 dollar
- Salary required to buy a house with a 20% down payment: 31 352 dollar
- Average housing price: 155 900 dollars
Erie, PA
- Salary required to buy a house with a 10% down payment: 27 533 dollar
- Salary required to buy a house with a 20% down payment: 24 474 dollar
- Average house price: 121 700 dollars
Fort Wayne, Indiana
- Salary required to buy a house with a 10% down payment: 32 805 dollars
- Salary required to buy a house with a 20% down payment: 29 160 dollars
- Average housing price: 145 000 dollars
Lexington, KY
- Salary required to buy a house with a 10% down payment: 39 524 dollar
- Salary required to buy a house with a 20% down payment: 35 132 dollar
- Average housing price: 174 700 dollars
Montgomery, Alabama
- Salary required to buy a house with a 10% down payment: 32 963 dollar
- Salary required to buy a house with a 20% down payment: 29 300 dollars
- Average housing price: 145 700 dollars
Oklahoma City, Oklahoma
- Salary required to buy a house with a 10% down payment: 37 216 dollars
- Salary required to buy a house with a 20% down payment: 33 081 dollar
- Average housing price: 164 500 dollars
Rochester, New York
- Salary required to buy a house with a 10% down payment: 34 366 dollars
- Salary required to buy a house with a 20% down payment: 30 547 dollars
- Average housing price: 151 900 dollars
Springfield, Illinois
- Salary required to buy a house with a 10% down payment: 31 266 dollars
- Salary required to buy a house with a 20% down payment: 27 792 dollar
- Average housing price: 138 200 dollars
Topeka, KS
- Salary required to buy a house with a 10% down payment: 31 515 dollars
- Salary required to buy a house with a 20% down payment: 28 013 dollars
- Average housing price: 139 300 dollars
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