Income to Afford a $170,000 House

How much do you need to make to be able to afford a house that costs $170,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $170,000 with a down payment of $34,000, you'd need to earn $25,366 per year before tax.
The monthly mortgage payment would be $592.

Salary needed for 170,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $170,000. It assumes a fixed-rate mortgage.

A good rule of thumb is to spend no more than 28% of your pre-tax income on your mortgage payment.

What is the income needed to buy a $170,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $28,787 $29,743 $30,717 $31,708 $32,716 $33,741 $34,783 $35,841 $36,916
$8,500 $27,348 $28,256 $29,181 $30,122 $31,080 $32,054 $33,044 $34,049 $35,070
$17,000 $25,909 $26,769 $27,645 $28,537 $29,445 $30,367 $31,305 $32,257 $33,224
$25,500 $24,469 $25,282 $26,109 $26,952 $27,809 $28,680 $29,566 $30,465 $31,378
$34,000 $23,030 $23,795 $24,573 $25,366 $26,173 $26,993 $27,826 $28,673 $29,533
$42,500 $21,591 $22,307 $23,038 $23,781 $24,537 $25,306 $26,087 $26,881 $27,687
$51,000 $20,151 $20,820 $21,502 $22,196 $22,901 $23,619 $24,348 $25,089 $25,841
$59,500 $18,712 $19,333 $19,966 $20,610 $21,265 $21,932 $22,609 $23,297 $23,995
$68,000 $17,272 $17,846 $18,430 $19,025 $19,630 $20,245 $20,870 $21,505 $22,149
$76,500 $15,833 $16,359 $16,894 $17,439 $17,994 $18,558 $19,131 $19,713 $20,304
$85,000 $14,394 $14,872 $15,358 $15,854 $16,358 $16,871 $17,392 $17,921 $18,458
Average Home Price by State
Source: Zillow.com, December 2020
State Price
Hawaii$673,344
California$617,633
Massachusetts$470,610
Washington$463,856
Colorado$436,751
Oregon$397,363
Utah$395,205
New Jersey$372,870
New York$346,973
Idaho$339,238
Maryland$338,169
Rhode Island$337,100
Nevada$329,465
New Hampshire$326,908
Montana$320,351
Arizona$309,122
Virginia$305,509
Alaska$300,283
Connecticut$285,853
Delaware$281,923
Minnesota$279,516
Vermont$275,472
Maine$272,886
Florida$267,296
Wyoming$261,262
North Dakota$238,112
New Mexico$226,941
South Dakota$224,126
North Carolina$222,909
Texas$222,237
Georgia$221,471
Illinois$218,622
Pennsylvania$213,499
Wisconsin$211,598
Tennessee$205,068
South Carolina$204,967
Nebraska$190,827
Michigan$190,052
Missouri$178,656
Louisiana$178,041
Indiana$171,240
Ohio$166,358
Kansas$166,254
Kentucky$158,685
Iowa$158,239
Alabama$157,366
Arkansas$141,095
Oklahoma$140,511
Mississippi$133,213
West Virginia$113,124