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Seattle ranks among cities where homeowners were most cost-burdened in 2020


Seattle ranks among cities where homeowners were most cost-burdened in 2020
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A pedestrian walks past a sign offering property for sale. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)FREDERIC J. BROWN/AFP via Getty Images
Seattle was ranked among the top 15 large cities across the country where homeowners put 30% or more of their income toward their mortgages in 2020, according to a new study.
The study, from Point2Homes, found in Seattle, the median home price in the city in 2020 was $780,806 and the median household income was $107,098. Seattle homeowners put about 30% of their income toward their mortgages, earning the city the 15th spot on a new list of the most cost-burdened large cities in 2020 which the study defined as cities where homeowners spend 30% or more of their incomes on their mortgages. ....

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