How much you need to make to own a home in the nation’s 15 biggest markets
Ranging from $1.2 million in San Francisco to about $170,000 in Philadelphia As housing inventory remains low, home shoppers may find themselves with fewer options. Throw in the latest rise in home prices, and potential buyers on a budget are even more pressed for choices. With that in mind, the latest study from SmartAsset factors in budgeting costs and location to find the salary required to make home payments across the country. It’s worth noting, the report arrived at its figures while assuming a homebuyer would get a 30-year mortgage with a 4% interest rate for 80% of the home value (after paying a 20% down payment). The…