Happy Thanksgiving!
The housing market has reached a new height. In Santa Clara County, the median price is $965,000, while San Francisco County and San Mateo County are $1,248,790 and $1,250,000 respectively.
What does this mean, when it boils down to our daily reality?
For buyers to qualify for a $965,000 house, their minimum qualifying income is $194,720! Please see the chart below:
|
|
Median Home
Price |
Monthly Payment Including Taxes & Insurance |
Minimum
Qualifying Income | |
| Region Median Price Monthly Payment Minimum Qualifying Income |
San Francisco
|
|
$ 1,248,790
|
$ 6,300
|
$ 251,980
|
|
San Mateo
|
|
$ 1,250,000
|
$ 6,310
|
$ 252,230
|
|
Santa Clara
|
|
$ 965,000
|
$ 4,870
|
$ 194,720
|
| | | | | | | | | | | | |
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