Key Highlights

  •’s latest quarterly report breaks down annual necessary income to qualify for mortgage in largest 50 metro areas
  • 20% down payment and fixed-rate 30-year mortgage assumed with local property taxes and insurance costs included
  • Not included were home expenses such as utilities, maintenance and repairs

HSH conducts the nation’s largest editorial mortgage rate survey from retail mortgage lenders across the country. Its latest quarterly report indicates how much annual income is needed to obtain a mortgage in the nation’s largest metro areas.

Are you ready to join EXP REALTY? Choose Tim and Julie Harris as your sponsor! Text Tim directly 512-758-0206.

The national median home price in Q3 2020 was $313,500. To obtain a mortgage of that amount, a buyer would need an annual income of $60,770.

The below list indicates what a buyer would need to earn in the nation’s 10 most affordable metros and the 10 least affordable metros. This list also indicates what the monthly mortgage payment would be in each of the metros included here.

Get your free 2021 Fill In The Blank Business Plan Now. Simply TEXT 2021 to 855-685-1045.

Metros with the Highest Income Required for Mortgages


Metro                Annual Income Needed       Monthly Payment

San Jose CA              $243,303                             $5,677

San Francisco            $199,465                             $4,654

San Diego                  $124,824                             $2,913

Los Angeles               $122,112                             $2,849

Boston                       $110,943                             $2,589

Seattle                       $108,357                             $2,528

New York                   $103,911                             $2,425

Washington DC            $91,548                               $2,136

Denver                        $86,950                               $2,029

Portland OR                 $83,189                               $1,941


Metros with the Lowest Required Income for Mortgages 

Metro               Annual Income Needed     Monthly Payment

Buffalo                        $46,055                               $1,075

Birmingham AL            $45,558                               $1,063

St. Louis MO                $45,040                               $1,051

Cincinnati                    $44,388                               $1,036

Memphis                     $44,183                               $1,031

Indianapolis                $43,688                               $1,019

Louisville KY               $42,129                               $983

Cleveland                   $41,210                               $962

Oklahoma City            $39,567                               $923

Pittsburgh                   $38,266                               $893


Thanks to


URGENT: 2021 Results Released. New FREE On-Line Web Event Reveals 17 Surprising Secrets Of The Top 100 Millionaire Agents. Get Your FREE Spot For The On-Line Webinar Now. When You Attend This Event You Will Have A Sense Of Relief Knowing You Can FINALLY Laugh At Your Money Worries – If You Follow This Simple Plan. Learn How To Generate 100’s of Motivated Leads Without Coming Off As A Pushy Salesperson and Losing Your Soul. Learn Now How To Become One of the 1000s of Agents Making HUGE Money NOW Who Never Thought They Could.

YES, I Want To Attend The FREE Webinar! <——Click To Register
P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available.

Claim Your FREE Real Estate Treasure Map!