Arizona is still a relatively cheap place to buy a house, and a new report says those who make below the median income in Phoenix can still get a median-priced home.
Mortgage website HSN.com found that Phoenix-area residents must earn $43,836 annually in order to afford the median-priced home in the Valley — which, at $218,800, would mean a monthly payment of $1,023.
That still presents good value for home shoppers on fixed budgets, as the U.S. Census Bureau reports the median income in the region is $47,139 annually.
Source: Phoenix Business Journal
If you want to learn about some financing options, or if you’re looking to get pre-qualified, contact Parker Turk at Sun American Mortgage Company: 602-616-3774.