Estimated annual income needed to afford a home in Greater Boston.
Note: Estimates assume a 3.5% down payment on a 30-year fixed rate loan with zero points, 0.3% property insurance, 1.15% property taxes, 3% closing costs, credit score between 680-699, and a maximum 31% debt-to-income ratio. Low-end homes have values in the 5th to 35th percentile of all homes in the Boston Metropolitan Statistical Area for the month of September for each year. Total monthly owner costs include monthly mortgage payments, property taxes, homeowners' insurance, and private mortgage insurance.
Chart: Boston Indicators