Searching for your dream home, but not sure how much you can afford to spend? To afford the national median home price of $217,600, you'll need an annual salary of $49,635.
Here's how much you need to earn to afford buying a home in 27 metro areas across the country, according to HSH.com.
Median Home Price
*Average jumbo mortgage rate used; HSH.com determined the yearly before-tax salary a buyer would need to afford the total cost (including, principal, interest, tax and insurance payments) of a median-priced home in the 27 largest U.S. markets based on population. HSH used the average interest rate for a 30-year fixed-rate mortgage in the first quarter 2016, and assumed buyers would make a 20% down payment and spend no more than 28% of their gross income for housing. Median home prices are for the first quarter of 2016 and from the National Association of Realtors.
For more information about the methodology click here.