Buying A Mortgage In The United States, How Much Does It Cost?


According to the latest statistics from HSH.com, for a 20-year mortgage, a US citizen earns a minimum income of $ 31,962 /year (about VND 707 million) Monthly payment of $ 746 (about VND 17 million).

More specifically, in the list of 27 most populous cities in the United States, San Francisco is the area that requires the highest annual income ($ 152,173) to own a home, whereas Pittsburgh is the claimant city. Ask the lowest annual income ($ 31,962).

According to HSH.com statistics, the average price of a house in the US in 2016 is $ 240,900.

Read more: Vietnam Real Estate News

Below, Vietnam Real Estate detailed some of the criteria such as annual income, average home prices and monthly payments of 27 US cities for readers to have a clearer view on the issue:

Buying a mortgage in the United States

San Francisco: Annual income $152,173, Average house price $ 835,400, Monthly Payment $3.551

Buying a mortgage in the United States

San Diego: Annual Income $108,654, Average Price $589,300, Monthly Payment $ 2.535

Buying a mortgage in the United States

LosAngeles: Annual income $100,147, Average house price $ 536,700, Monthly payment $ 2,337

Buying a mortgage in the United States

Boston: Annual income $86.054, Average house price $ 435,300, Monthly payment $2,008

Buying a mortgage in the United States

NewYork City: Annual Income $ 85,488, Average House Price $397,600, Monthly Payment $ 1,995

Buying a mortgage in the United States

Seattle: Annual income $81,774, Average house price $ 422,100, Monthly payment $1,908

Buying a mortgage in the United States

Washington: Annual income $78,460, Average house price $393,500, Monthly payment $ 1.831

Buying a mortgage in the United States

Denver: Annual income $ 70,741, Average house price $ 386,800, Monthly payment $1,651

Buying a mortgage in the United States

Portland: Annual Income $69,786, Average Home Price $358,500, Monthly Rate $1,628

Buying a mortgage in the United States

Miami: Annual Income $64,879, Average Price $315,000, Monthly Payment $1.514

Buying a mortgage in the United States

Sacramento: Annual income $64,748, Average house price $327,000, Monthly payment $1.511

Buying a mortgage in the United States

Chicago: Annual Income $61,291, Average Home Price $244,100, Monthly Payment $1.430

Buying a mortgage in the United States

Baltimore: Annual income $55,935, Average house price $264,300, Monthly payment $1,305

Buying a mortgage in the United States

Dallas: Annual income $53,824, Average house price $230,500, Monthly payment $1,256

Buying a mortgage in the United States

Philadelphia: Annual income $53,108, Average house price $234,800, Monthly payment $1,239

Buying a mortgage in the United States

Houston: Annual Income $51,560, Average Home Price $217,400, Monthly Payment $1,203

Buying a mortgage in the United States

Minneapolis: Annual income $50,630, Average house price $240,300, Monthly payment $1,181

Buying a mortgage in the United States

Orlando: Annual income $49,811, Average house price $229,900, Monthly payment $1,162

Buying a mortgage in the United States

SanAntonio: Annual income $48,341, Average house price $212,300, Monthly payment $1,128

Buying a mortgage in the United States

Tampa: Annual income $44,897, Average house price $205,000, Monthly payment $1,048

Buying a mortgage in the United States

Phoenix: Annual income $44,129, Average house price $235,300, Monthly payment $1,030

Buying a mortgage in the United States

Atlanta: Annual income $39,385, Average house price $191,500, Monthly payment $919

Buying a mortgage in the United States

Detroit: Annual income $39,033, Average house price $ 170,817, Monthly payment $911

Buying a mortgage in the United States

StLouis: Annual income $37,527, Average house price $170,000, Monthly payment $876

Buying a mortgage in the United States

Cincinnati: Annual income $36,117, Average house price $157,000, Monthly payment $843

Buying a mortgage in the United States

Cleveland: Annual income $34,185, Average house price $138,900, Monthly payment $798

Buying a mortgage in the United States

Pittsburgh: Annual Income $31,962, Average Home Price $140,000, Monthlypayment  $746

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