Real Estate Roundup: Bay Area Homebuyers Require Largest Salaries in U.S.

Homebuyers Require Largest Salaries

Prospective homebuyers in the San Francisco region need to earn nearly three times as much as those in the rest of the country in order to afford a property, reflecting the rapid price appreciation our local markets have enjoyed over the past few years.

In a study, HSH.com crunched third-quarter numbers for 27 major U.S. metro areas and found that buyers in the San Francisco region need to earn a minimum of $145,361 per year to afford the $744,400 median-price home, the highest of any city included in the report. Nationwide, the average homebuyer could afford the median-price home on an annual salary of about $51,000.

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