Depends on the house, the down payment, and what your idea of "comfortable" is. If you're a frugal person and have a fairly large down payment, then probably.

I make a bit less then then this and basically agree with what u said. If i didnt have a spouse id have to tighten up my budget quite a bit, but still be "fine"

Depends on how fast you are at cutting catalytic converters, 10 a day should bring in close to 50,000

I'm just about that level, and things would be a bit tight if I was living solo but it'd be okay. If you have a housemate or spouse to split expenses with, you're golden.

I make that much and have a mortgage. The hardest part was saving for the down payment.

I’m a single parent.I got my house before I asked for child support and can survive without it. My house is a single level 3 bedroom, 1,75 bath(there’s a shower in the second bathroom), but the bedrooms are small. I bought my house went interest rates were at record lows though.

Edit: I also took advantage of an FHA loan. If your credit is above, I believe, 680 you only put 3.5% down.

Edit 2: my house was 145k when I bought it but has recently appraised for 210k. I started my mortgage in 2020. Also here’s my rate. I want to be clear, if you can’t afford a house right now on 50k it’s not you, it’s the current inflation. Don’t give up. Getting a mortgage helped stable me. I would be struggling more if I was paying rent on a place this size. If you need to wait, just start saving money now. It has to sit in your account for at least 8 weeks iirc before you can use it as a down payment.

Before I met my husband he made less than that and had purchased a home.

I'm able to but I'm not about to act like luck didn't have a lot to do with it

I purchased my house here with $3000 down payment, making $15 an hour, and credit score around 640. This was when rates were low but the market was ramping up 3 years ago. My girlfriend paid half the rent but i could have tightened my budget and been able to afford it. It’s a small house in a safe but older neighborhood. It’s a different market now, but if you wait for the right house at the right time, you could live comfortably on that salary here.

Depends on your standards of living. Whats comfortable to you?

I did it last year making less than that, but its also a small house on the west side. The house is fine, but I got in right before shit got super wild. I think I did really well buying this house, and my mortgage/taxes/insurance is $550/mos. for a 90k house with about 3k down, and 2.7% interest. But I know plenty of people who would have never considered this area. (its fine. no issues ever.)

Youre not going to find any decent houses for a 100k like 2 years ago, though. It sucks.

The bank will approve you for more than you can afford if you have good credit. Don't be house poor. I was making just over 40k and the bank approved me for 250k. Don't do it.

I bought a house making around that much, but that was 3 years ago. It's on the Northside, is over 100 years old and had a 43 page inspection which was a record according to my agent. Now I make more but with interest rates and housing prices I'm not sure I'll ever be able to move even with a few decent raises. Cost of living has really gone crazy in Springfield since 2020.

The bank approved you for that much? Are you kidding me?

The medium home price here is $240,000. If you borrowed the whole amount at 6 percent. The payment is $1439 before taxes and insurance.

After taxes, your bringing home $3494 a month.

You could do it, but it’s going to be tight.

As a single person - yes

You wouldn’t be able to buy a fancy house but a mid sized house in a working class neighborhood would be doable

Looks like poverty.

Really what you need is 2 people with 50k incomes, then you'll be good!

I was also shocked. My credit is good, but that's it. Never owned a house, no massive amount of savings. If I bought a 250k house no way would I have had a down payment for that much.

50k year isnt bad here.. at all dont know what people saying its not

not much more then going rate on 2 bed apt id be you could bit longer loan too and get under 1200

There's a ton of houses here from like 100-200k. Some require very little work. I know because me and the wife are actively looking.

So interesting! If I may ask, how much did you have in savings? I have about $30,000 and everything I have is paid for.

My ex and I had a combined income of ~100k and the bank approved us for 400k. She wanted to look at 300k houses, I wanted to top out at 100k.

I hope that whoever's living in that house now is enjoying all the improvements I made.

Like 4k ish. Just enough. Lol

I make about that much. My approval was for about $175k with my DTI just being my car and my phone, credit score at 650. I ended up getting a house for about $160k on the NW side of Springfield- 2 bed 1.5 bath. My mortgage/ insurance/ interest is about $1000 a month. It’s doable, tough, but doable.

I make $30k and live alone comfortably in my own home, BUT I was very blessed to be able to buy a foreclosure in Jan 2020 for $92k. If you can save up a down payment you should be able to afford a house, but with current rent in the area you would have to be frugal, and it all depends on how the market goes. I have two cousins in single income households and both have managed to buy houses in the last year with kids, and another single cousin below $50k who bought a house, but all purchased outside of Springfield.

If you can afford it, a 20% down payment will secure you a good rate with most banks and you can avoid PMI (additional required fees for not having enough equity.) I suggest making that a priority when you consider what house you can afford. (I’ve bought 4 different houses in Springfield over the past 20 years and played the market well and safely enough, enough times, to roll a 20k down payment into 200k in equity today.)

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