boston condo market high prices

The NAHB released this week its affordability chart that shows, based on household income, how much of a house one can afford.

Click on chart to enlarge

Click on chart to enlarge

Based on conventional assumptions and underwriting standards, it takes an income of about $26,695 to purchase a $100,000 home. In 2014, about 31 million households in the U.S. are estimated to have incomes lower than that threshold and, therefore, can only afford to buy homes priced under $100,000. These 31 million households form the bottom step of the pyramid. Of the remaining 87 million who can afford a home priced at $100,000, 22.8 million can only afford to pay a top price of somewhere between $100,000 and $175,000 (the second step on the pyramid).

Back to Boston condos for sale homepage

Contact me to find out more about this property or to set up an appointment to see it.

Boston condos

Boston condos for sale

SEARCH FOR CONDOS FOR SALE AND RENTALS

For more information please contact one of our on-call agents at 617-595-3712.

Updated: December 2017

Comments

comments

Call Now