16 Cities Where You Need To Earn Over $200K To Afford a Median-Priced Home

You now need a household income of $123,304 to afford a median-priced home in the U.S., assuming a 5% down payment, according to the latest data from the National Association of Realtors. However, in some cities, you now need to earn at least $200,000 to comfortably afford a median-priced single-family home.

Here’s a look at 16 metro areas where you can only buy a home if you’re earning $200K annually.

• Income needed to afford a home with a 5% down payment: $556,049
• Income needed to afford a home with a 10% down payment: $526,784
• Income needed to afford a home with a 20% down payment: $468,252

• Income needed to afford a home with a 5% down payment: $397,428
• Income needed to afford a home with a 10% down payment: $376,511
• Income needed to afford a home with a 20% down payment: $334,676

• Income needed to afford a home with a 5% down payment: $339,736
• Income needed to afford a home with a 10% down payment: $321,855
• Income needed to afford a home with a 20% down payment: $286,093

• Income needed to afford a home with a 5% down payment: $315,750
• Income needed to afford a home with a 10% down payment: $299,132
• Income needed to afford a home with a 20% down payment: $265,895

• Income needed to afford a home with a 5% down payment: $291,256
• Income needed to afford a home with a 10% down payment: $275,927
• Income needed to afford a home with a 20% down payment: $245,269

• Income needed to afford a home with a 5% down payment: $289,763
• Income needed to afford a home with a 10% down payment: $274,513
• Income needed to afford a home with a 20% down payment: $244,011

• Income needed to afford a home with a 5% down payment: $280,963
• Income needed to afford a home with a 10% down payment: $266,176
• Income needed to afford a home with a 20% down payment: $236,601

• Income needed to afford a home with a 5% down payment: $269,844
• Income needed to afford a home with a 10% down payment: $255,642
• Income needed to afford a home with a 20% down payment: $227,237

• Income needed to afford a home with a 5% down payment: $265,895
• Income needed to afford a home with a 10% down payment: $280,381
• Income needed to afford a home with a 20% down payment: $249,228

• Income needed to afford a home with a 5% down payment: $239,855
• Income needed to afford a home with a 10% down payment: $227,231
• Income needed to afford a home with a 20% down payment: $201,983

• Income needed to afford a home with a 5% down payment: $234,390
• Income needed to afford a home with a 10% down payment: $222,054
• Income needed to afford a home with a 20% down payment: $197,381

• Income needed to afford a home with a 5% down payment: $223,875
• Income needed to afford a home with a 10% down payment: $212,092
• Income needed to afford a home with a 20% down payment: $188,526

• Income needed to afford a home with a 5% down payment: $216,632
• Income needed to afford a home with a 10% down payment: $205,230
• Income needed to afford a home with a 20% down payment: $182,427

• Income needed to afford a home with a 5% down payment: $209,452
• Income needed to afford a home with a 10% down payment: $198,428
• Income needed to afford a home with a 20% down payment: $176,380

• Income needed to afford a home with a 5% down payment: $209,420
• Income needed to afford a home with a 10% down payment: $198,398
• Income needed to afford a home with a 20% down payment: $176,354

• Income needed to afford a home with a 5% down payment: $200,048
• Income needed to afford a home with a 10% down payment: $189,519
• Income needed to afford a home with a 20% down payment: $168,462

Data is sourced from the National Association of Realtors and is accurate as of Feb. 8, 2024.