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When Money
Is the Main
Object …
How well do your wishes and your wallet match up when it comes to homeownership? Use this tool to get a taste for what you can afford and where you might live.
What’s your yearly income?
You can afford to buy a house that costs
$177,427

Your monthly expenses

$1,056

Mortgage

$829

Taxes

$160

Insurance

$67

HOME SWEET HOME: Buying a home is the brick-and-mortar manifestation of the American dream, but dreams are sweeter when they become reality. Here’s a snapshot of an affordable purchase price for you, based on the median income for people within your income range. This calculation is also based on proffering a 3 percent down payment, a 30-year fixed mortgage loan and a comparable interest rate.

YOUR MONTHLY PAYMENT: Keep in mind monthly payments for a home will include more than just the mortgage. You’ll also have to pay property taxes and for homeowner’s insurance. This snapshot doesn’t include other expenses you can anticipate. You typically need PMI insurance if your interest rate is below 3 percent, and you can’t forget utilities and upkeep expenses. Speak to a mortgage loan consultant on what you can afford, not just up front, but month to month.  

Cities You Could Call Home
Here are four cities from the Best Places to Live rankings where the median home values are compatible with your budget.

Fayetteville, Arkansas

This friendly northwest Arkansas town boasts an abundance of culture, commerce and entrepreneurialism, all contributing to the fast-growing metro area. Look for condominiums and townhouses in and around Fayetteville, including the Bentonville, Rogers and Springdale areas.

$177,200

Median Home Cost

Milwaukee, Wisconsin

Midwestern blue-collar roots keep this modern city grounded. Find an early 1900s craftsman-style home in areas like Washington Heights.

$176,685

Median Home Cost

Allentown, Pennsylvania

It’s easy to find a historic home in Pennsylvania’s third-largest city. Look for new-construction townhomes in the Southside neighborhood, or find a charming row house in the West End or Center City areas.

$176,400

Median Home Cost

Columbus, Ohio

Sports and culture collide here. Find a condo downtown, or snag a three-bedroom home with a two-car garage in the suburbs.

$170,300

Median Home Cost

You can afford to buy a house that costs
$287,212

Your monthly expenses

$1,310

Mortgage

$1,310

Taxes

$258

Insurance

$67

HOME SWEET HOME: Buying a home is the brick-and-mortar manifestation of the American dream, but dreams are sweeter when they become reality. Here’s a snapshot of an affordable purchase price for you, based on the median income for people within your income range. This calculation is also based on proffering a 3 percent down payment, a 30-year fixed mortgage loan and a comparable interest rate.

YOUR MONTHLY PAYMENT: Keep in mind monthly payments for a home will include more than just the mortgage. You’ll also have to pay property taxes and for homeowner’s insurance. This snapshot doesn’t include other expenses you can anticipate. You typically need PMI insurance if your interest rate is below 3 percent, and you can’t forget utilities and upkeep expenses. Speak to a mortgage loan consultant on what you can afford, not just up front, but month to month.  

Cities You Could Call Home
Here are four cities from the Best Places to Live rankings where the median home values are compatible with your budget.

Reno, Nevada

There’s plenty to love about family
friendly Reno. In addition to festivals, food, casinos and outdoor activities, you’ll find a mix of both new and well-established neighborhoods with cozy ranch-style homes.

$286,450

Median Home Cost

Salt Lake City, Utah

With its proximity to national parks and world-class ski resorts, Salt Lake City consistently scores high on livability lists. Walkable neighborhoods with charming restaurants and coffee shops add to the city’s charm.

$278,000

Median Home Cost

Austin, Texas

This quirky Hill Country city features new two- and three-bedroom townhouses and condos in abundance. Venture to the south or northwest of the city center to find cozy single-family homes.

$270,000

Median Home Cost

Sarasota, Florida

Palm trees and one-level Florida bungalows abound in this coastal city, where a thriving job market offers opportunities in health care, small business and tourism. The crystal clear water and sugary beaches aren’t bad either.

$237,260

Median Home Cost

You can afford to buy a house that costs
$423,983

Your monthly expenses

$2,407

Mortgage

$1,958

Taxes

$382

Insurance

$67

HOME SWEET HOME: Buying a home is the brick-and-mortar manifestation of the American dream, but dreams are sweeter when they become reality. Here’s a snapshot of an affordable purchase price for you, based on the median income for people within your income range. This calculation is also based on proffering a 3 percent down payment, a 30-year fixed mortgage loan and a comparable interest rate.

YOUR MONTHLY PAYMENT: Keep in mind monthly payments for a home will include more than just the mortgage. You’ll also have to pay property taxes and for homeowner’s insurance. This snapshot doesn’t include other expenses you can anticipate. You typically need PMI insurance if your interest rate is below 3 percent, and you can’t forget utilities and upkeep expenses. Speak to a mortgage loan consultant on what you can afford, not just up front, but month to month.  

Cities You Could Call Home
Here are four cities from the Best Places to Live rankings where the median home values are compatible with your budget.

New York City, New York

Be at the center of everything in the
nation’s largest metropolis where more than 200 languages are spoken and some of the country’s tallest buildings kiss the sky. Live across the street from the A train in a top-floor two-bedroom co-op, or make a single-family four-bedroom house your home sweet home in Brooklyn.

$414,396

Median Home Cost

Washington, D.C.

Washington, D.C. offers an eclectic mix of neighborhoods; plus, it has a huge array of public parks, museums, and cultural venues. While cost of living here is on the high side, you can buy a classic two-bedroom apartment with upgraded kitchen on Connecticut Avenue or a
new-construction four-bedroom home with off-street parking and private yard in the Deanwood neighborhood.

$407,325

Median Home Cost

Seattle, Washington

Mountains and sea attract a variety of cultures and talents to this lush Pacific Northwest city. Find an eclectic mix of historic bungalows, Midcentury homes and cozy townhouses.

$394,450

Median Home Cost

Denver, Colorado

Midcentury ranch homes and historic shotguns populate many of the established neighborhoods here. Also look for a smattering of new construction in the suburbs, or find an industrial-style loft in the Mile-High City’s Five Points area.

$343,950

Median Home Cost

You can afford to buy a house that costs
$629,138

Your monthly expenses

$3,691

Mortgage

$3,058

Taxes

$566

Insurance

$67

HOME SWEET HOME: Buying a home is the brick-and-mortar manifestation of the American dream, but dreams are sweeter when they become reality. Here’s a snapshot of an affordable purchase price for you, based on the median income for people within your income range. This calculation is also based on proffering a 3 percent down payment, a 30-year fixed mortgage loan and a comparable interest rate.

YOUR MONTHLY PAYMENT: Keep in mind monthly payments for a home will include more than just the mortgage. You’ll also have to pay property taxes and for homeowner’s insurance. This snapshot doesn’t include other expenses you can anticipate. You typically need PMI insurance if your interest rate is below 3 percent, and you can’t forget utilities and upkeep expenses. Speak to a mortgage loan consultant on what you can afford, not just up front, but month to month.  

Cities You Could Call Home
Here are four cities from the Best Places to Live rankings where the median home values are compatible with your budget.

Honolulu, Hawaii

It’s easy to see why Honolulu is regularly ranked one of the happiest places in the United States. Settle into a marina-front three-bedroom townhouse with two master suites and a sunny lanai, or laze the days away in a two-bedroom single-family house with views of Ocean and Diamond Head from a covered lanai.

$540,450

Median Home Cost

Santa Rosa, California

Santa Rosa is part of Sonoma County and California wine country. Housing here is surprisingly affordable by California standards. Purchase a five-bedroom, 3,000-plus-square-foot home with attached studio or a six-bedroom rancher with its own pool.

$527,000

Median Home Cost

Salinas, California

Eight miles from the Pacific Ocean, this Monterey County municipality has a unique ocean-influenced climate. Move into a sweet ranch
home with a large backyard; pick your own style in a new-construction four-bedroom, two-car garage home; or land a deal on a four-bedroom corner lot home with landscaped yard.

$511,750

Median Home Cost

Los Angeles, California

If you’re looking to live in the city where dreams come true and where beaches, mountains and deserts are all within an hour’s drive, the City of Angels is the place to be. Move into a four-bedroom ranch house on a cul-de-sac in North Hills, take a look at a new-construction three-bedroom townhome in Silver Lake or consider a single-family in Sherwood Forest with its own pool.

$509,028

Median Home Cost

You can afford to buy a house that costs
$902,679

Your monthly expenses

$5,267

Mortgage

$4,388

Taxes

$812

Insurance

$67

HOME SWEET HOME: Buying a home is the brick-and-mortar manifestation of the American dream, but dreams are sweeter when they become reality. Here’s a snapshot of an affordable purchase price for you, based on the median income for people within your income range. This calculation is also based on proffering a 3 percent down payment, a 30-year fixed mortgage loan and a comparable interest rate.

YOUR MONTHLY PAYMENT: Keep in mind monthly payments for a home will include more than just the mortgage. You’ll also have to pay property taxes and for homeowner’s insurance. This snapshot doesn’t include other expenses you can anticipate. You typically need PMI insurance if your interest rate is below 3 percent, and you can’t forget utilities and upkeep expenses. Speak to a mortgage loan consultant on what you can afford, not just up front, but month to month.  

Cities You Could Call Home
Here are four cities from the Best Places to Live rankings where the median home values are compatible with your budget.

San Jose, California

On the southern shore of San Francisco Bay and a central part of Silicon Valley, San Jose is the capital of Santa Clara County — the Golden State’s most affluent county. Look to purchase a darling,
remodeled two-bedroom bungalow with an oversized garage, or a four-bedroom home in Naglee Park.

$894,500

Median Home Cost

San Francisco, California

This beautiful hilly city on the San
Francisco Bay has a reputation for being one of the highest priced home markets in the nation. In this price range, you can land a one-bedroom condo in a historic Italianate Victorian in the coveted Liberty Hill District or a three-bedroom, one-bath home with garage and private yard close to the freeway.

$717,500

Median Home Cost

Honolulu, Hawaii

It’s easy to see why Honolulu is regularly ranked one of the happiest places in the United States. Settle into a marina-front three-bedroom townhouse with two master suites, or laze the days away in a two-bedroom single-family house with views of Ocean and Diamond Head from a covered lanai.

$540,450

Median Home Cost

Santa Rosa, California

Santa Rosa is part of Sonoma County and California wine country. Housing here is surprisingly affordable by California standards. Purchase a five-bedroom, 3,000-plus-square-foot home with attached studio or a six-bedroom rancher with its own pool.

$527,000

Median Home Cost

Sponsored Content created by U.S. News BrandFuse Studio with advertising paid for by Wells Fargo.
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