Real estate blog entries tagged with affordability by Garreth Wilcock Homes at Mueller (Sherlock Homes Austin)

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Home : Blogs : Garreth Wilcock Homes at Mueller : Mueller Austin Homes : Tag "affordability"

affordability: How Much Home Can the Austin Buyer Afford? - 11/04/11 03:59 PM

While writing about the Affordability Gap for homes at Mueller Austin Texas, I realized it would be a good idea to recap on how much home a buyer can afford and relate this to the Austin Median Family Income (MFI).
MFI is measured by metropolitan area by the Department of Housing and Urban Development. In Austin in 2011, the median family income for a family of four is $74,875.
To make some assumptions about monthly debt ($500), annual property taxes of $7000 and an interest rates at around 4.125%. This is how much house you could afford -$260,000 - $287,000 (depending … (2 comments)

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Garreth Wilcock Homes at Mueller

Austin, TX

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