Menu

Real Estate Articles

2018-04-02 Ideal Salary You Need to Own a Home | By: Fellow GDREIA Members

Ideal Salary You Need to Own a Home Each State
by Brad Beckett

How much salary does someone need in order to afford the average-price home in each state?  A new study from GOBankingRates reveals that the minimum salary in one state can be vastly different than that of another.  To arrive at their conclusions, GOBankingRates looked at the average monthly mortgage payment for each state along with the average APR on a 30-year fixed-rate mortgage and then assumed no more than 30% of monthly income was devoted to housing.

“Before you buy a home, it’s important to find out if you can afford the monthly mortgage payment.  To do this, some financial experts recommend your housing costs — primarily your mortgage payments — shouldn’t consume more than 30 percent of your monthly income.”

(Click Here for more information)

Contact Us

Greater Dayton Real Estate Investors Association

3541 Dayton-Xenia Road #341591
Dayton, OH 45434
(937) 216-5724

Proud Chapter of National REIA

Follow Us


Privacy and Security Policies

Your email will never be shared or sold to other members, vendors or any other third party without your consent.

Disclaimer

www.GdREIA.com  (Greater Dayton Real Estate Investors Association) does not give legal, tax, economic, or investment advice. GD REIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   

Copyright 2019 © Greater Dayton Real Estate Investors Association  All rights reserved.

This REIA Website is powered by: Real Estate Promo.