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You need to earn $157,912 to afford a home here

You need to earn 7,912 to afford a home here

Buying a home is likely the biggest purchase you’ll ever make, and prices have been on a steady rise across the country. To afford the national median home price of $ 229,400, you’ll need an annual salary of $ 51,942.

Here’s what you need to earn to afford a home in the 27 biggest metro areas in the country, according to HSH.com.

  • Rank

  • City

  • Salary Needed

  • Median Home Price

  • Monthly payment

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Home mortgage rates and real estate news – CNNMoney.com