How Much House on a $200,000 Salary?

At $200,000 a year, the 28% rule allows about $4,667 a month for your full housing payment. That translates to a home in the $750,000 to $850,000 range in most markets.

The math

28% of $200,000 is $56,000 a year, or $4,667 a month. Assuming 20% down and a 6.5% rate, that monthly budget supports roughly $750,000 of home, before taxes.

Watch the high-cost areas

In high-tax states or coastal cities, that same payment buys less home because property tax and insurance eat more of the budget.

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