House | How Much Should Your Income Be To Buy A

Your total monthly housing payment—including principal, interest, property taxes, homeowners insurance, and any HOA fees—should not exceed 28% of your gross (pre-tax) monthly income .

Your specific income requirement may be higher or lower depending on these variables: How Much House Can You Afford Making $70K in 2026 how much should your income be to buy a house

Based on current national median prices (~$412,400) and mortgage rates (~6.14%), the following table estimates the required annual gross income under the 28% rule, assuming a and standard taxes/insurance. Home Purchase Price Estimated Monthly Payment Recommended Annual Income $250,000 $68,500 – $85,000 $400,000 $120,000 – $135,000 $500,000 $150,000 – $165,000 $750,000 $225,000+ $1,000,000 $300,000+ 3. Factors That Shift Your "Number"

Note: Conservative experts recommend the : spend no more than 30% of gross income on a mortgage, have 30% of the home price saved (for down payment and reserves), and keep the total home price at or below 3x your annual income. 3. Factors That Shift Your "Number" Your total monthly housing payment—including principal