With the national
median home price hovering around $ 240,900, that ends up being $ 48,180.
So, with the national
median home price hovering currently around $ 240,900, the average 20 % down payment costs a whopping $ 48,180.
In a 2013 study from personal finance website NerdWallet, Chicago was ranked the 31st most - expensive city in America, with
the median home price hovering at $ 436,871.
Not exact matches
With
median rent on a one - bedroom apartment
hovering around $ 3,000 and
prices in nearby Oakland, California, climbing, area residents routinely put more than half their take -
home incomes toward housing.
While the city's
median household income
hovered just over $ 38,000 — likely due to the high number of student residents —
home prices were high enough that the payments on a regular 30 - year mortgage would take up more than a quarter of that income each month.
While the average
home price hovered around $ 350,000 in 2015, the
median home price was lower than this, according to the U.S. Census Bureau.
The
median gross rent is only $ 719, so it's a popular place to rent, although the
price to purchase a
home is also low,
hovering around $ 125,000.
To show that
home prices have been stable, he cited both NAR and Case - Shiller data, which show
prices have been
hovering around a $ 140,000 national
median since 2009.
The
median price of
homes in America today
hovers around $ 200,000, while
median income is not quite $ 54,000, meaning that lots of families made less!
In Hawaii, where the
median sale
price of single family
homes hovers around $ 600,000 and was recently project to hit upwards of a million dollars, the fees can easily break $ 36,000 and even be well above that amount.