SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Investing in Real Estate - Creative Opportunities
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tejek who wrote (2213)4/21/2014 3:25:07 PM
From: John Vosilla  Read Replies (1) of 2722
 
The “affordable” home price dipped just a bit in March, but is still above the recent low point that was set in September. The “affordable” home in King County now sits at $429,341, with a monthly payment of $1,708.

Here’s the alternate view on this data, where I flip the numbers around to calculate the household income required to make the median-priced home affordable at today’s mortgage rates, and compare that to actual median household incomes.



As of March, a household would need to earn $66,023 a year to be able to afford the median-priced $414,950 home in King County. This is up from the low of $46,450 in February 2012, but down from the recent high of $69,393 in August. Meanwhile, the actual median household income is around $68,000

seattlebubble.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News