"Home Affordability: Earning Requirements Soar for Buyers in Tampa and Seattle"

A new Zillow report reveals that Tampa residents now need an income of $116,329 to afford a home, nearly 50% more than in 2020. It will take 9.8 years for Tampa homebuyers to save a 10% down payment, and the average monthly mortgage payment is $2,364 assuming a 10% down payment. The report also compares the income needed to own a home in Tampa with other metropolitan areas, showing similar affordability challenges in cities like Atlanta, Baltimore, and Minneapolis.