Study: Buyers need six-figure income to buy a home in 22 states, including Florida

ORLANDO, Fla. — Research shows Americans will need to earn a six-figure household income in order to buy a home in 22 states, including Florida.

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Financial researchers found buyers must make more than $100,000 to comfortably afford a typical median-priced home.

Analysts assessed whether mortgage payments could be made, assuming a 20% down payment with a 30-year-fixed rate.

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They didn’t factor in closing costs, home maintenance costs, or non-housing items.

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