How Much House Can a Physician Afford in Seattle?
A Physician earning $248,000/year in Seattle can afford a home priced up to approximately $692,000 with a 20% down payment and a 30-year fixed mortgage at 6.95%.
| Metric | Value |
|---|---|
| Annual Salary | $248,000 |
| Monthly Take-Home (after ~28% tax) | $14,880 |
| Max Housing Budget (28% rule) | $4,166 |
| Affordable Home Price (20% down) | $692,000 |
| Down Payment Required | $138,400 |
| Monthly Mortgage Payment | $3,664 |
Tips for Homebuying in Seattle
- Save aggressively toward your $138,400 down payment goal
- Explore first-time buyer programs in Seattle for grants or favorable terms
- Get pre-approved before making offers in Seattle’s competitive market
- Factor property taxes and HOA fees into your monthly budget
FAQ
How much house can a Physician afford in Seattle?
Approximately $692,000 with 20% down and a 30-year mortgage, based on the 28% income rule.
What salary do you need to buy a house in Seattle?
Income requirements vary by home price. A Physician earning $248,000 can typically afford homes in the $553,600–$692,000 range.
Related
Mortgage Affordability Calculator 2026 | Physician Salary in Seattle 2026