Real Estate
How Much Income Do You Need to Afford a Home in Peninsula or South Bay Cities?
Take a look at this eye-popping chart—Atherton, Hillsborough and Los Altos Hills are unbelievable!
The cost of buying a home in California has gone through the roof again, now that prices have recovered from the housing bust.
What does that mean, exactly? In many communities, you’ll need a Google-sized income in order to qualify for a fixed rate, 30 year mortgage assuming a 20 percent down payment.
- Looking for a new house? Check out the homes for sale on Patch’s local real estate map
But income requirements vary dramatically. Take a look at the chart to see what you can afford here. And then click on the other links to see how much income you’ll need to buy a home in other parts of California.
Find out what's happening in Campbellfor free with the latest updates from Patch.
Find out what's happening in Campbellfor free with the latest updates from Patch.
City.......................Home Price...........Income
Atherton.............. $3,000,000.............$594,000
Belmont............... $1,157,000.............$228,000
Burlingame.......... $1,300,000.............$257,000
Campbell.............. $910,000................$180,000
Cupertino............. $1,497,750..............$296,000
Foster City.............$884,000................$175,000
Gilroy.....................$558,750................$111,000
Half Moon Bay......$925,700................$183,000
Hillsborough.........$3,375,400..............$668,000
Los Altos...............$2,369,100...............$470,000
Los Altos Hills.......$3,424,800..............$678,000
Los Gatos.............$1,531,500...............$237,000
Menlo Park..........$1,609,600...............$297,000
Millbrae...............$1,173,700................$232,000
Milpitas................$748,600..................$130,000
Mountain View....$1,075,100...............$192,000
Pacifica.................$733,600..................$132,000
Palo Alto..............$2,235,000...............$442,000
Redwood City......$892,000..................$176,000
San Bruno............$678,000..................$134,000
San Carlos............$1,259,900...............$249,000
San Jose................$635,200..................$126,000
San Mateo............$856,200..................$169,000
Santa Clara...........$768,700..................$152,000
Saratoga...............$1,600,000................$317,000
S. San Francisco...$644,700...................$128,000
Sunnyvale.............$935,750..................$185,000
Woodside.............$3,088,400................$612,000
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