How Much House Can a Physician Afford in Austin?
A Physician earning $220,000/year in Austin can afford a home priced up to approximately $661,000 with a 20% down payment and a 30-year fixed mortgage at 6.95%.
| Metric | Value |
|---|---|
| Annual Salary | $220,000 |
| Monthly Take-Home (after ~22% tax) | $14,300 |
| Max Housing Budget (28% rule) | $4,004 |
| Affordable Home Price (20% down) | $661,000 |
| Down Payment Required | $132,200 |
| Monthly Mortgage Payment | $3,500 |
Tips for Homebuying in Austin
- Save aggressively toward your $132,200 down payment goal
- Explore first-time buyer programs in Austin for grants or favorable terms
- Get pre-approved before making offers in Austin’s competitive market
- Factor property taxes and HOA fees into your monthly budget
FAQ
How much house can a Physician afford in Austin?
Approximately $661,000 with 20% down and a 30-year mortgage, based on the 28% income rule.
What salary do you need to buy a house in Austin?
Income requirements vary by home price. A Physician earning $220,000 can typically afford homes in the $528,800–$661,000 range.
Related
Mortgage Affordability Calculator 2026 | Physician Salary in Austin 2026