How much salary is required to buy a home in the top metros?

While affordability improved in 22 out of 27 markets, many coastal cities maintain high salary requirements for buying
  • Home prices are higher in 25 out of 27 markets year-over-year, but only six metro areas saw increases over 1 percent.

A homebuyer could buy six median-priced homes in Pittsburgh for the price of just one in San Francisco, according to a new salary homebuying study from The mortgage and consumer loan information company reviewed Realtors’ 2016 first-quarter data for median price and its own first-quarter average interest rates on 30-year fixed rate mortgages to see how much it would cost to afford the “base cost” of owning — including the loan principal, interest taxes and insurance.