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Buyers need a $181,349 annual salary to afford a home in the San Francisco metro market

Buyers need a $181,349 annual salary to afford a home in the San Francisco metro market

Buyers looking to snap up a home in the San Francisco metro area will need to pull in a $181,349 annual salary, a new report from mortgage tracker HSH said this week.

On top of that, they’d then pay $4,231 a month in home-related taxes, interest and other costs like a mortgage loan’s principal.

HSH looked at how much it costs to buy a home in the nation’s 50 largest metropolitan areas and looked at mortgage data for S.F. metro region, which includes San Francisco, Alameda, Contra Costa, Marin and…

Source: http://feeds.bizjournals.com/industry_21

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