Is $30K salary enough to afford Miami?

Q: I don't want to continue renting and really would love to be able to buy something, but I'd rather you tell me, based on a few facts, if I should buy or just forget about it.

I live in Miami, earn only $30,000 annually and don't have a lot of money for a down payment. But my credit score is over 800 and I'm self-employed. I know there are many programs for first-timers and the local government also has some programs to help first-timers and low-income people, but I don't know where to start.

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.