7 metro areas where you'll need to earn a 6-figure annual salary to buy a median-priced home:
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To arrive at its figures, HSH.com used the latest quarterly home-price information from the National Association of Realtors. It incorporated local property tax and homeowner's insurance costs to calculate the income needed to qualify for a median-priced home. San Jose, California was the only metropolitan area to see a year-over-year decline in median home prices. The median home prices in 49 other metro areas ranked in the study stayed the same or saw an increase. But don’t get the idea that San Jose is more affordable. The San Jose metro area remains the most expensive, even with a 1.57% decline in median prices.
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