Tampa Bay is among the 25 least expensive major metro areas in which to buy a house

Despite rising prices, Tampa Bay remains among the most affordable major metro areas in which to buy a house.
For homebuyers, Tampa Bay is among the most affordable of the nation’s 50 largest metro areas [SUSAN TAYLOR MARTIN | Times ]
For homebuyers, Tampa Bay is among the most affordable of the nation’s 50 largest metro areas [SUSAN TAYLOR MARTIN | Times ]
Published February 25

Despite rising prices, Tampa Bay remains among the most affordable major metro areas in which to buy a house. The online mortgage resource firm HSH.com found that the buyer of a $235,000 house — the median price of bay area single-family homes — would need an income of $55,105 assuming a 20 percent down payment and a mortgage with a 4.9 percent interest rate. With 10 percent down, the income amount would rise to $63,319.

The most affordable cities are Pittsburgh with a $36,659 income followed by Cleveland ($36,659) and Oklahoma City ($40,437.) The most expensive cities are in California, with San Jose leading with a $254,835 income needed to buy a median-priced house at $1.25 million.

Contact Susan Taylor Martin at [email protected] or (727) 893-8642. Follow @susanskate.

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