Monday, December 11, 2017

What salary do you need to afford an average home in Baltimore and 49 other cities?

Median home prices have risen in most major U.S. cities, including Baltimore, but when factoring in interest, taxes and insurance payments, how much would you really need to make to afford a home? In the city, you would need to make $59,034 a year to afford the average house, according to HSH.com. HSH, a mortgage research companies, estimates that the median cost of a house in Baltimore in the third quarter of this year cost $270,000, which would lead to a median monthly payment on a mortgage of…



from https://www.bizjournals.com/baltimore/news/2017/12/11/what-salary-do-you-need-to-afford-an-average-home.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/168430710782

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