GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
Affordability, on the other hand, takes into account home prices relative to the overall cost of living.
But whats affordable to the typical household might actually be cheap for households with higher incomes.
Lets take a look at thesereal estate offerings that offer value at prices that make sense.
In fact, they could pay the mortgage three times over and still be within affordable range.
Youd need just 9.65% of your monthly income to pay the mortgage.
Or 28.95% for a home for yourself plus two investment properties.
Visual Capitalist pegs Pennsylvanias price-to-income ratio at 3.6%.
If youre a median earner in 19108, your ratio would be 0.88.
Youd also be in a select group.
That would make you 0.2 percenter among Philadelphians.
More From GOBankingRates
Share This Article:
