Annual salary needed to afford a median-priced home in San Antonio skyrockets to $87,000

The salary needed to afford a median-priced house in San Antonio jumped 49.4% from 2021, according to Redfin.

click to enlarge The median income in the San Antonio-New Braunfels area for a family of four falls below the average annual salary in the study. - Pexels / RODNAE Productions
Pexels / RODNAE Productions
The median income in the San Antonio-New Braunfels area for a family of four falls below the average annual salary in the study.
The average annual salary needed to afford a home in San Antonio has now climbed to more than $87,000, according to a recent report.

A new analysis by online real estate firm Redfin found that those looking to buy a $325,000 house — San Antonio's median home price in October — will need an earn at least $87,453 a year.

That's more than the 2022 median income for a family of four in the San Antonio-New Braunfels metro area, which was just $83,500, according to the U.S. Department of Housing and Urban Development.

With a monthly mortgage payment of $2,186, the annual salary needed to afford the median San Antonio home price jumped 49.4% from 2021, Redfin also found.

Although San Antonio housing prices have escalated in recent years, buying a home here is still more affordable than the national average, according to Redfin's report. Nationally, consumers need an annual income of $107,281 to buy a typical home.

Coming soon: SA Current Daily newsletter. We’ll send you a handful of interesting San Antonio stories every morning. Subscribe now to not miss a thing.

Follow us: Google News | NewsBreak | Instagram | Facebook | Twitter
Scroll to read more San Antonio News articles

Michael Karlis

Michael Karlis is a Staff Writer at the San Antonio Current. He is a graduate of American University in Washington, D.C., whose work has been featured in Salon, Alternet, Creative Loafing Tampa Bay, Orlando Weekly, NewsBreak, 420 Magazine and Mexico Travel Today. He reports primarily on breaking news, politics...

Join SA Current Newsletters

Subscribe now to get the latest news delivered right to your inbox.