33 Cities Where You Need To Earn Six Figures To Afford a Typical Home

The median household income in the U.S. — $77,719 — is no longer enough to afford a median-priced home. The median home price nationwide is now $438,000, which means you would need a household income of $123,226 to afford to buy a home if you make a 20% down payment.

Check Out: 25 Places To Buy a Home If You Want It To Gain Value

Learn More: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too

While there are some major cities where you can afford a typical home earning less than six figures, that has become the exception and not the rule, according to a new Clever Real Estate study. The study found the income needed to afford a home with a 20% down payment in the 50 largest cities, and it turns out you need a household income of at least $100,000 to afford it in 33 of them.

Here’s a look at the major cities where you need a six-figure household income to afford a typical home, ranked by affordability based on the local median income.

Also see cities where home values have increased the most.

Baltimore

• Median household income: $94,289

• Median home sales price (April 2025): $395,000

• Income needed with 20% down: $111,649

• Income gap to afford median home with 20% down: $17,360

Find Out: 50 Cheapest Places To Retire Across America

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Minneapolis

• Median household income: $95,102

• Median home sales price (April 2025): $400,000

• Income needed with 20% down: $117,547

• Income gap to afford median home with 20% down: $22,445

Explore More: 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years

Richmond, Virginia

• Median household income: $84,332

• Median home sales price (April 2025): $400,000

• Income needed with 20% down: $106,909

• Income gap to afford median home with 20% down: $22,577

Milwaukee

• Median household income: $77,006

• Median home sales price (April 2025): $347,000

• Income needed with 20% down: $100,075

• Income gap to afford median home with 20% down: $23,069

Atlanta

• Median household income: $86,505

• Median home sales price (April 2025): $400,000

• Income needed with 20% down: $109,760

• Income gap to afford median home with 20% down: $23,255

Raleigh, North Carolina

• Median household income: $96,096

• Median home sales price (April 2025): $441,000

• Income needed with 20% down: $120,069

• Income gap to afford median home with 20% down: $23,973

Discover More: 25 Most Livable Cities for Middle-Class Families

Charlotte, North Carolina

• Median household income: $81,262

• Median home sales price (April 2025): $409,000

• Income needed with 20% down: $107,912

• Income gap to afford median home with 20% down: $26,650

Chicago

• Median household income: $87,071

• Median home sales price (April 2025): $370,000

• Income needed with 20% down: $118,197

• Income gap to afford median home with 20% down: $31,126

Houston

• Median household income: $79,463

• Median home sales price (April 2025): $340,000

• Income needed with 20% down: $115,194

• Income gap to afford median home with 20% down: $35,731

Las Vegas

• Median household income: $75,065

• Median home sales price (April 2025): $449,000

• Income needed with 20% down: $113,839

• Income gap to afford median home with 20% down: $38,774

Read More: What Salary Single People Need To Live Comfortably in 100 Major US Cities

Jacksonville, Florida

• Median household income: $77,044

• Median home sales price (April 2025): $370,000

• Income needed with 20% down: $115,831

• Income gap to afford median home with 20% down: $38,787

Phoenix

• Median household income: $85,700

• Median home sales price (April 2025): $458,000

• Income needed with 20% down: $125,174

• Income gap to afford median home with 20% down: $39,474

Washington

• Median household income: $121,469

• Median home sales price (April 2025): $600,000

• Income needed with 20% down: $161,911

• Income gap to afford median home with 20% down: $40,442

Austin, Texas

• Median household income: $98,508

• Median home sales price (April 2025): $450,000

• Income needed with 20% down: $139,062

• Income gap to afford median home with 20% down: $40,554

Find More: The Cheapest Place To Buy a Home in Every State

Fresno, California

• Median household income: $71,140

• Median home sales price (April 2025): $418,000

• Income needed with 20% down: $112,172

• Income gap to afford median home with 20% down: $41,032

Nashville, Tennessee

• Median household income: $84,685

• Median home sales price (April 2025): $470,000

• Income needed with 20% down: $126,705

• Income gap to afford median home with 20% down: $42,020

Salt Lake City

• Median household income: $94,409

• Median home sales price (April 2025): $530,000

• Income needed with 20% down: $136,876

• Income gap to afford median home with 20% down: $42,467

Tampa, Florida

• Median household income: $72,743

• Median home sales price (April 2025): $370,000

• Income needed with 20% down: $116,256

• Income gap to afford median home with 20% down: $43,513

See More: 5 Types of Homes Expected To Plummet in Value by the End of 2025

Orlando, Florida

• Median household income: $77,378

• Median home sales price (April 2025): $408,000

• Income needed with 20% down: $128,233

• Income gap to afford median home with 20% down: $50,855

Dallas

• Median household income: $86,860

• Median home sales price (April 2025): $425,000

• Income needed with 20% down: $138,791

• Income gap to afford median home with 20% down: $51,931

Portland, Oregon

• Median household income: $94,925

• Median home sales price (April 2025): $559,000

• Income needed with 20% down: $147,663

• Income gap to afford median home with 20% down: $52,738

Providence, Rhode Island

• Median household income: $83,330

• Median home sales price (April 2025): $485,000

• Income needed with 20% down: $142,700

• Income gap to afford median home with 20% down: $59,370

Also Know: 7 Housing Markets Where Home Values Could Plummet

Sacramento, California

• Median household income: $94,992

• Median home sales price (April 2025): $590,000

• Income needed with 20% down: $159,312

• Income gap to afford median home with 20% down: $64,320

Denver

• Median household income: $103,055

• Median home sales price (April 2025): $600,000

• Income needed with 20% down: $168,958

• Income gap to afford median home with 20% down: $65,903

Riverside, California

• Median household income: $87,843

• Median home sales price (April 2025): $596,000

• Income needed with 20% down: $160,783

• Income gap to afford median home with 20% down: $72,940

Boston

• Median household income: $110,697

• Median home sales price (April 2025): $750,000

• Income needed with 20% down: $215,387

• Income gap to afford median home with 20% down: $104,690

Discover More: 20 Best Cities Where You Can Buy a House for Under $100K

Miami

• Median household income: $76,271

• Median home sales price (April 2025): $590,000

• Income needed with 20% down: $188,008

• Income gap to afford median home with 20% down: $111,737

Seattle

• Median household income: $110,744

• Median home sales price (April 2025): $850,000

• Income needed with 20% down: $230,379

• Income gap to afford median home with 20% down: $119,635

New York

• Median household income: $95,220

• Median home sales price (April 2025): $765,000

• Income needed with 20% down: $233,455

• Income gap to afford median home with 20% down: $138,235

San Diego

• Median household income: $103,674

• Median home sales price (April 2025): $920,000

• Income needed with 20% down: $246,134

• Income gap to afford median home with 20% down: $142,460

Also See: 5 Affordable Small Cities To Live In on the West Coast

Los Angeles

• Median household income: $91,960

• Median home sales price (April 2025): $905,000

• Income needed with 20% down: $241,149

• Income gap to afford median home with 20% down: $149,189

San Francisco

• Median household income: $127,792

• Median home sales price (April 2025): $1,550,000

• Income needed with 20% down: $415,871

• Income gap to afford median home with 20% down: $288,079

San Jose, California

• Median household income: $153,202

• Median home sales price (April 2025): $1,700,000

• Income needed with 20% down: $458,297

• Income gap to afford median home with 20% down: $305,095

Editor’s note: Data was sourced from Clever Real Estate and is accurate as of May 19, 2025.

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This article originally appeared on GOBankingRates.com: 33 Cities Where You Need To Earn Six Figures To Afford a Typical Home