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How Much Do I Have to Earn to Buy a Home in Santa Clara County in 2010?

Tuesday, February 16, 2010 | 1 comment

The very first question most home-buyers ask is “How much do I have to earn to buy a home in Santa Clara County?”. The answer may be found in the California Association of REALTORS 2009 Fourth Quarter Housing Affordability Index report.

  • 52% of Santa Clara County residents currently qualify based on current housing prices and personal incomes.
  • The Chart below shows that you have to bring home a combined total of $85,200 in order to make an average payment of $2,840(taxes and insurance included).
  • Based on this criteria you should be able to purchase a home on an average sales price of $497,250.

There are more affordable homes in Santa Clara County and as such you can qualify for less. Consult your banks loan officer or mortgage broker to pre-qualify yourself.

Click here to read C.A.R.’s full report

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One Response to “How Much Do I Have to Earn to Buy a Home in Santa Clara County in 2010?”

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