But not for the Bay Area. As of November 2024, the median price of a home in the Bay Area is around $1,316,500.
On a 3:1 debt to income ratio, I'd put median income for the area for those who can afford to buy a home there is approx $350K (80% financing on median home price).
On a 3:1 debt to income ratio, I'd put median income for the area for those who can afford to buy a home there is approx $350K (80% financing on median home price).