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For those who buy a house or has a mortgage in the US, is your home’s sale price within a recommended 2-3 times of your grosss annual salary? Less, Within or More than that range?

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3x when purchased. Down to 2x mortgage now due to income growth. I do not recommend stretching on the mortgage unless you want to lose some serious sleep

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6x. Judge me. I am not happy about it either.

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4.2x when we bought. 1.7x now due to income growth. Mortgage, taxes, insurance, and HOA was 27% of gross when we bought, 11% now.

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Isn’t the total loan amount more important than the sale price? If you don’t have a large downpayment then I can understand the question, but if you’ve been able to put 20% or more down on the property, your ratios will be significantly different.

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About the same including 30% bonus

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Clearly local is a consideration. My mortgage is 1.2x household income in Chicago.

If I were in NYC or SF, I’m sure it would be 4x+

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2.45

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Mine is 1.2x household income (wife+myself). We’d buy more house if it wasn’t for student loans.

Bought at 2.14 over a year ago and sell price is about 2.5 now. So right in the range :)

2.58x purchase price. 2x mortgage amount

Yes 3x

Ours was 2.7x mine and my husbands salary combined

1.2x for me. Wanted to keep that mortgage payment low since I'm gone 3-4 days a week!

Mine was <1.5x HHI. Next one will be similar %, but on much higher comp. High (but no NY/SF) COL, in the city

Right in that range. Bought a bit over 11 years ago. Paid off almost 8 years ago. Dallas. Not looking to buy up as I’m at the top of where I’d like to be with property taxes and insurance. Luckily I like my house and love the location (no desire to move to suburbs). Single

We are at 1.4x

1.5

Mine, combined with my spouse was at 3.5x, but we live in NYC.. well, what can I say?

Home price was 4x my salary but I put 20% down.

1.5x on the mortgage amount

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