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Its simplytoo expensiveand loaded with too many upfront costs such as a hefty down payment to be feasible.
But some locations are faring much better than others in terms of the cost of housing.
Also here are five ways to pay less for your dream home.
But you might just be able to afford a dream home here.
In the Windy City, the average mortgage payment is $1,730 per month.
It spans 2,600 square feet.
As of August 5, 2024, theres alistingfor a five-bedroom and two-bathroom home in the Westwood area.
It sports an asking price of $259,900.
Indianapolis
Indianapolis residents, according to Zillow, have an average annual income of $73,000.
The average monthly mortgage here is $1,527 which amounts to 30.4% of their income.
located on Finley Avenue, with an asking price of $275,000 as of August 5, 2024.
Louisville, Kentucky
Zillow found that in Louisville, the median annual income is $70,000.
The average mortgage cost is $1,402.
So, your mortgage costs will be around 29.2% of your income.
It is located on a street that is described in thelistingas park-like and tranquil.
Mortgage payments average around your home $1,369 per month, taking up 27.8% of your earnings.
It has four bedrooms and two bathrooms and spans 1,674 square feet.
The asking price is $205,000.
Though not the cheapest place, gorgeous homes can cost well under $300,000 here.
Zillow reported that the average annual income here is $65,000.
Monthly mortgages are most commonly in the range of $1,200.
Just across from Large City Park stands a house with three bedrooms and three bathrooms that islistedat$210,000.
It spans nearly 2,000 square feet.
Most of the nicer houses listed on Zillow as of August 5, 2024 are more than $201,600.
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