Renter Income Versus Necessary Income to Buy A New Home

In San Francisco and San Jose, the minimum income needed to afford starter homes was significantly higher than the median renter household income.

To calculate the minimum income needed to afford a median-priced starter home, Point2 kept the monthly mortgage, insurance, and property tax costs below 30% of a renter's income. Chart: Liz Lindqwister Source: Point2 Homes
The San Francisco Standard