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 Menlo Park-Athertonfor free with the latest updates from Patch.
Find out what's happening in Menlo Park-Athertonfor 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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