If you can, where would you move to? Here are the monthly house payments in various U.S. cities, including property taxes, homeowner’s insurance, principal and interest monthly payments (not including the utility payments). The highest cost city is San Francisco, while Philadelphia is the most affordable.
Here’s the most affordable to most expensive cities, including:
- Median home price as of November 2024
- 20% downpayment
- 7% 30 year fixed rate
- Average homeowners insurance
- Average state property tax rates
Most affordable first. Here you go.
Philadelphia, PA:
- Median Home Price: $300,000
- Property Tax Rate: 1.395% (PA avg) => $3487/year or $290/month
- Insurance: $975/year or $81/month
- Loan Amount: $240,000
- Principal & Interest: $1,597
- Total Monthly Payment: $1,707.31
Houston, TX:
- Median Home Price: $330,000
- Property Tax Rate: 1.81% (TX avg) => $5973/year or $498/month
- Insurance: $2,214/year or $185/month
- Loan Amount: $264,000
- Principal & Interest: $1,757
- Total Monthly Payment: $1,991.28
Dallas, TX:
- Median Home Price: $365,000
- Property Tax Rate: 1.81% (TX avg) => $6606/year or $550/month
- Insurance: $2,214/year or $185/month
- Loan Amount: $292,000
- Principal & Interest: $1,943
- Total Monthly Payment: $2,182.55
Jacksonville, FL:
- Median Home Price: $340,000
- Property Tax Rate: 0.98% (FL avg) => $3332/year or $277/month
- Insurance: $2,601/year or $217/month
- Loan Amount: $272,000
- Principal & Interest: $1,810
- Total Monthly Payment: $2,054.52
Chicago, IL:
- Median Home Price: $345,000
- Property Tax Rate: 2.22% (IL avg) => $7659/year or $638/month
- Insurance: $1,915/year or $160/month
- Loan Amount: $276,000
- Principal & Interest: $1,837
- Total Monthly Payment: $2,060.41
Phoenix, AZ:
- Median Home Price: $425,000
- Property Tax Rate: 0.62% (AZ avg) => $2635/year or $219/month
- Insurance: $1,316/year or $109/month
- Loan Amount: $340,000
- Principal & Interest: $2,262
- Total Monthly Payment: $2,393.63
Austin, TX:
- Median Home Price: $550,000
- Property Tax Rate: 1.81% (TX avg) => $9955/year or $829/month
- Insurance: $2,214/year or $185/month
- Loan Amount: $440,000
- Principal & Interest: $2,929
- Total Monthly Payment: $3,196.46
Miami, FL:
- Median Home Price: $575,000
- Property Tax Rate: 0.98% (FL avg) => $5635/year or $469/month
- Insurance: $2,601/year or $217/month
- Loan Amount: $460,000
- Principal & Interest: $3,061
- Total Monthly Payment: $3,324.71
Denver, CO:
- Median Home Price: $600,000
- Property Tax Rate: 0.55% (CO avg) => $3300/year or $275/month
- Insurance: $1,928/year or $161/month
- Loan Amount: $480,000
- Principal & Interest: $3,194
- Total Monthly Payment: $3,382.17
Portland, OR:
- Median Home Price: $668,495
- Property Tax Rate: 0.92% (OR avg) => $6152/year or $513/month
- Insurance: $832/year or $69/month
- Loan Amount: $534,796
- Principal & Interest: $3,563
- Total Monthly Payment: $3,683.60
Washington DC:
- Median Home Price: $650,000
- Property Tax Rate: 0.57% (DC avg) => $3705/year or $309/month
- Insurance: $1,034/year or $86/month
- Loan Amount: $520,000
- Principal & Interest: $3,461
- Total Monthly Payment: $3,578.05
New York City, NY:
- Median Home Price: $749,000
- Property Tax Rate: 1.69% (NY avg) => $12,658/year or $1,055/month
- Insurance: $1,329/year or $111/month
- Loan Amount: $599,200
- Principal & Interest: $3,989
- Total Monthly Payment: $4,205.23
Seattle, WA:
- Median Home Price: $825,000
- Property Tax Rate: 1.04% (WA avg) => $8580/year or $715/month
- Insurance: $890/year or $74/month
- Loan Amount: $660,000
- Principal & Interest: $4,393
- Total Monthly Payment: $4,538.67
San Diego, CA:
- Median Home Price: $899,000
- Property Tax Rate: 0.79% (CA avg) => $7102/year or $592/month
- Insurance: $1,140/year or $95/month
- Loan Amount: $719,200
- Principal & Interest: $4,787
- Total Monthly Payment: $4,941.18
Los Angeles, CA:
- Median Home Price: $950,000
- Property Tax Rate: 0.79% (CA avg) => $7505/year or $625/month
- Insurance: $1,140/year or $95/month
- Loan Amount: $760,000
- Principal & Interest: $5,059
- Total Monthly Payment: $5,216.54
San Francisco, CA:
- Median Home Price: $1,400,000
- Property Tax Rate: 0.79% (CA avg) => $11,060/year or $922/month
- Insurance: $1,140/year or $95/month
- Loan Amount: $1,120,000
- Principal & Interest: $7,456
- Total Monthly Payment: $7,643.17
If you’re considering moving to Portland, Oregon, Call us at 503-515-4499 for more info and ask for moving guide to Portland.
Shawn Realty 