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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
For homebuyers, Tampa Bay is among the most affordable of the nation’s 50 largest metro areas
Published Feb. 25, 2019

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 smartin@tampabay.com or (727) 893-8642. Follow @susanskate.