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Devon Coombs Academy

House affordability by income

Reference tables for 26 incomes from $40,000 to $1,000,000 a year. Each page turns the common 28% housing guideline into a home price at rates from 6% to 7%, with 10% or 20% down, and states every assumption behind the figure so it can be challenged.

Companion references: the mortgage payment tables and the free rent vs buy calculator.

$40,000/yr

~$135,326 home at 6.5%, 20% down

Full tables

$50,000/yr

~$174,390 home at 6.5%, 20% down

Full tables

$60,000/yr

~$213,453 home at 6.5%, 20% down

Full tables

$70,000/yr

~$252,516 home at 6.5%, 20% down

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$80,000/yr

~$291,580 home at 6.5%, 20% down

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$90,000/yr

~$330,643 home at 6.5%, 20% down

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$100,000/yr

~$369,706 home at 6.5%, 20% down

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$110,000/yr

~$408,770 home at 6.5%, 20% down

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$120,000/yr

~$447,833 home at 6.5%, 20% down

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$130,000/yr

~$486,896 home at 6.5%, 20% down

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$140,000/yr

~$525,959 home at 6.5%, 20% down

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$150,000/yr

~$565,023 home at 6.5%, 20% down

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$160,000/yr

~$604,086 home at 6.5%, 20% down

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$170,000/yr

~$643,149 home at 6.5%, 20% down

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$180,000/yr

~$682,213 home at 6.5%, 20% down

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$190,000/yr

~$721,276 home at 6.5%, 20% down

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$200,000/yr

~$760,339 home at 6.5%, 20% down

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$250,000/yr

~$955,656 home at 6.5%, 20% down

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$300,000/yr

~$1,150,972 home at 6.5%, 20% down

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$350,000/yr

~$1,346,289 home at 6.5%, 20% down

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$400,000/yr

~$1,541,605 home at 6.5%, 20% down

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$450,000/yr

~$1,736,922 home at 6.5%, 20% down

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$500,000/yr

~$1,932,238 home at 6.5%, 20% down

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$600,000/yr

~$2,322,871 home at 6.5%, 20% down

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$750,000/yr

~$2,908,821 home at 6.5%, 20% down

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$1,000,000/yr

~$3,885,403 home at 6.5%, 20% down

Full tables

Every figure assumes housing capped at 28% of gross income, a 30-year fixed loan, 1.1% annual property tax, and $1,500 annual insurance; other debts and mortgage insurance lower the result. Rates shown are a reference range, not current quotes. By Devon Coombs, CPA, MBA, Teaching Professor of Finance at Santa Clara University.