Share of homes affordable to programmers in selected cities in the U.S. 2018

Published by Statista Research Department, Nov 6, 2020
This statistic shows the share of homes affordable to programmers in selected cities in the United States in 2018. In 2018, only 4.8 percent of homes in San Francisco were affordable for programmers.

Share of homes affordable to programmers in selected cities in the United States in 2018

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Sources

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Release date

April 2018

Region

United States

Survey time period

2018

Supplementary notes

Programmers include computer programmers, software developers (applications), software developers (systems software) and web developers.
The source adds the following information: "affordability is defined as spending 31% or less of one’s monthly income on housing. In order to find the share of affordable homes on the market for the median income earner for each occupation we calculate the maximum amount that each person can allocate towards a mortgage payment based on their wage. We evaluated the listing price of each home effective March 29. We subtracted a 20% down payment and calculated the monthly mortgage payment using the prevailing 30-year mortgage rate (4.44%) at that time. We also considered HOA fees, mortgage insurance and property taxes. Finally, we took the number of listed properties that the median income earner for each occupation could afford."

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