Is homeownership only for the wealthy? Seattle buyers now need $182K income

To afford a home in Seattle, the numbers continue to reach historic levels.

According to Redfin Real Estate, the income needed to afford a home in Seattle is $182,766. Redfin also found that the median household income is $131,906. The numbers become even more daunting when examining the share of income needed to cover monthly housing payments: 41.6%.

“When you hear the numbers, what stands out to you?” KIRO host Gee Scott asked…

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