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Real Estate 2024: Here’s the Income You Need To Afford a $500K Home in Every State

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Alabama

Mortgage: $2,801 Minimum income needed for 20% down payment: $112,043

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Alaska

Mortgage: $3,068 Minimum income needed for 20% down payment: $122,709

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Arizona

Mortgage: $2,897 Minimum income needed for 20% down payment: $115,876

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Arkansas

Mortgage: $2,901 Minimum income needed for 20% down payment: $116,043

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California

Mortgage: $2,947 Minimum income needed for 20% down payment: $117,876

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Colorado

Mortgage: $2,864 Minimum income needed for 20% down payment: $114,543

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Connecticut

Mortgage: $3,380 Minimum income needed for 20% down payment: $135,209

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Delaware

Mortgage: $2,889 Minimum income needed for 20% down payment: $115,543

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