How Much House Can a Physician Afford in Boston?
A Physician earning $255,000/year in Boston can afford a home priced up to approximately $669,000 with a 20% down payment and a 30-year fixed mortgage at 6.95%.
| Metric | Value |
|---|---|
| Annual Salary | $255,000 |
| Monthly Take-Home (after ~32% tax) | $14,449 |
| Max Housing Budget (28% rule) | $4,046 |
| Affordable Home Price (20% down) | $669,000 |
| Down Payment Required | $133,800 |
| Monthly Mortgage Payment | $3,542 |
Tips for Homebuying in Boston
- Save aggressively toward your $133,800 down payment goal
- Explore first-time buyer programs in Boston for grants or favorable terms
- Get pre-approved before making offers in Boston’s competitive market
- Factor property taxes and HOA fees into your monthly budget
FAQ
How much house can a Physician afford in Boston?
Approximately $669,000 with 20% down and a 30-year mortgage, based on the 28% income rule.
What salary do you need to buy a house in Boston?
Income requirements vary by home price. A Physician earning $255,000 can typically afford homes in the $535,200–$669,000 range.
Related
Mortgage Affordability Calculator 2026 | Physician Salary in Boston 2026