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How Much Do You Have to Earn to Buy a Median-priced Home?

By Homesmsp @HomesMSP

The National Association of Realtors put together the infographic below with 5 of the most Millenial-Friendly Cities... the most affordable cities for first-time homebuyers. Good news... Minneapolis made the list, even more affordable than most big cities, and the employment rate dropped even more last month to 4.3%.

Median home price in Minneapolis is $212,900. According to the info below, to purchase a median priced house in Minneapolis with a 5% down payment a buyer would need to earn $47,928. Ready to buy your first home and want to learn more?

NAR_Millenial%20Infographic%20Final

Sharlene Hensrud, RE/MAX Results - Minneapolis REALTOR

Email the team at HomesMSP: Sharlene - John - Angela

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