How Much Income Is Needed To Buy A Home ◉

Based on current 2026 mortgage rates—averaging approximately for a 30-year fixed-rate mortgage—estimated income requirements for common price points are: Home Price Estimated Income Needed (Bank Rule) Estimated Income Needed (Comfort Rule) $250,000 $500,000 $1,000,000

Limiting the home price to your annual gross income. how much income is needed to buy a home

Spending no more than of gross income on monthly payments. how much income is needed to buy a home

Having of the home's value saved (for down payment and cash reserves). how much income is needed to buy a home

: A more conservative "safety net" recommending:

How Much House Can I Afford? Complete Calculator Guide for 2026