Realtor.com® April Housing Report: The Required Household Income to Purchase a Home Exceeds $250,000 in Four California Metros

May 2, 2024

https://www.prnewswire.com/news-releases/realtorcom-april-housing-report-the-required-household-income-to-purchase-a-home-exceeds-250-000-in-four-california-metros-302133589.html

The South Leads the Way in Affordable Inventory Growth

SANTA CLARA, Calif., May 2, 2024 /PRNewswire/ — According to the Realtor.com® April housing data, the national required household income to purchase the median priced home rose to $116,000, up $5,900 from a year ago, after accounting for the cost of tax and insurance. For hopeful buyers in California’s major metros of Los Angeles, San Diego, San Francisco and San Jose the household income required to purchase the median-priced home is over double the national figure.

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