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May 25, 2017

Looking to buy? You'll need $86K salary here

By JOURNAL STAFF



HSH.com has calculated the average salary required to afford a median-priced home in 27 U.S. metro areas.

Seattle is among the 10 least affordable metro areas on the list. You'll needed to earn more than $86,000 to afford the median-priced home here. Want to put 10 percent down instead of 20 percent? Then the required salary increases to $100,969.

Year-over-year, HSH.com says home prices here grew by 10.18 percent.

The most affordable metropolitan areas are Pittsburgh, where you'd need to make $31,507, followed by Cleveland and Cincinnati.

Here are the least affordable markets: San Francisco at $161,110, San Diego at $111,665 and Los Angeles, $98,542.

The salary analysis and more information is at http://www.hsh.com/finance/mortgage/salary-home-buying-25-cities.html




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