$105k income needed to buy median home in Seattle area


    Home for sale (AP Photo/John Bazemore, File)

    It now takes $105,367 annual income to buy a median home in the Seattle-Tacoma area (King, Pierce and Snohomish counties), according to HSH.com, a mortgage resource company based in California.

    A median home in the Seattle-Tacoma-Bellevue market was priced at $489,600 as of the fourth quarter of 2018 (National Association of Realtors).

    One catch, that's the income you'll need if you can afford a 20 percent down payment, nearly $98,000. If you can only put down 10 percent, you'll need $122,484.

    In the past five years, the income needed to buy a median-price home is up about 42 percent.

    Seattle is the seventh most expensive city in they U.S. to buy a home. Of the 50 largest metro areas in the country, Pittsburgh is the least expensive. It takes just $37,660 in income. The median home price there is $141,625.

    No surprise, San Jose is most expensive. You need a quarter of a million dollars to buy the median home there ($1.25 million).

    Portland clocked in at 10.

    Here's the top 10:

    1. San Jose: $254,835.73
    2. San Francisco: $198,978.01
    3. San Diego: $131,640.79
    4. Los Angeles: $123,156.01
    5. Boston: $106,789.93
    6. New York City: $105,684.33
    7. Seattle: $105,367.89
    8. Washington, D.C.: $94,408.70
    9. Denver: $91,672.45
    10. Portland: $85,173.08

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