Real Estate
How Much Income Do You Need to Afford a Home in East Bay Cities?
Take a look at this chart—you need a six figure income for most cities, but not all!
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 Martinezfor free with the latest updates from Patch.
Find out what's happening in Martinezfor free with the latest updates from Patch.
City...............Home Price.......Income
Alameda....... $677,950............. $134,000
Albany........... $670,000..............$133,000
Berkeley........ $810,250..............$160,000
Castro Valley..$584,750..............$116,000
Concord..........$434,250.............$86,000
Danville...........$986,750.............$195,000
Dublin.............$609,000..............$120,000
El Cerrito........$619,000...............$122,000
Fremont.........$711,250...............$141,000
Hercules.........$405,000...............$80,000
Lafayette....... $1,227,500............$243,000
Livermore.......$599,575...............$119,000
Martinez..........$435,550...............$86,000
Moraga............$880,000...............$175,000
Newark............$575,000...............$114,000
Oakland...........$438,900...............$87,000
Orinda..............$1,300,000............$243,000
Piedmont.........$2,050,000............$395,000
Pinole...............$389,000................$77,000
PleasantHill......$552,000...............$109,000
Pleasanton.......$794,750..............$157,000
San Leandro.....$434,325..............$86,000
San Ramon.......$783,000..............$155,000
Union City.........$552,500.............$109,000
Walnut Creek....$607,450.............$120,000
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