November 21, 2024 9:48 pm
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Phoenix ranks 8th in lowest salary required to afford medium-priced home

housesHSH.com

See exactly how much salary you would need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home in 27 metro areas.

Phoenix remains the first metro area on our list to exceed a $200,000 home price and a $1,000 monthly payment. But if you cannot afford to save $43,760 for a 20-percent down payment, you’re looking at a higher loan amount, monthly payment and salary. The salary you must earn in the Phoenix metro area when putting 10 percent down is $51,457.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.