Real Estate
How Much Income Do You Need to Afford a Home in East Bay Cities?
Take a look at this chart—you need a six figure income for most cities, but not all!
The cost of buying a home in California has gone through the roof again, now that prices have recovered from the housing bust.
What does that mean, exactly? In many communities, you’ll need a Google-sized income in order to qualify for a fixed rate, 30 year mortgage assuming a 20 percent down payment.
- Looking for a new house? Check out the homes for sale on Patch’s local real estate map
But income requirements vary dramatically. Take a look at the chart to see what you can afford here. And then click on the other links to see how much income you’ll need to buy a home in other parts of California.
Find out what's happening in El Cerritowith free, real-time updates from Patch.
Find out what's happening in El Cerritowith free, real-time updates from Patch.
City...............Home Price.......Income
Alameda....... $677,950............. $134,000
Albany........... $670,000..............$133,000
Berkeley........ $810,250..............$160,000
Castro Valley..$584,750..............$116,000
Concord..........$434,250.............$86,000
Danville...........$986,750.............$195,000
Dublin.............$609,000..............$120,000
El Cerrito........$619,000...............$122,000
Fremont.........$711,250...............$141,000
Hercules.........$405,000...............$80,000
Lafayette....... $1,227,500............$243,000
Livermore.......$599,575...............$119,000
Martinez..........$435,550...............$86,000
Moraga............$880,000...............$175,000
Newark............$575,000...............$114,000
Oakland...........$438,900...............$87,000
Orinda..............$1,300,000............$243,000
Piedmont.........$2,050,000............$395,000
Pinole...............$389,000................$77,000
PleasantHill......$552,000...............$109,000
Pleasanton.......$794,750..............$157,000
San Leandro.....$434,325..............$86,000
San Ramon.......$783,000..............$155,000
Union City.........$552,500.............$109,000
Walnut Creek....$607,450.............$120,000
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