How Much House Can a Physician Afford in Tampa?
A Physician earning $198,000/year in Tampa can afford a home priced up to approximately $586,000 with a 20% down payment and a 30-year fixed mortgage at 6.95%.
| Metric | Value |
|---|---|
| Annual Salary | $198,000 |
| Monthly Take-Home (after ~22% tax) | $12,870 |
| Max Housing Budget (28% rule) | $3,603 |
| Affordable Home Price (20% down) | $586,000 |
| Down Payment Required | $117,200 |
| Monthly Mortgage Payment | $3,103 |
Tips for Homebuying in Tampa
- Save aggressively toward your $117,200 down payment goal
- Explore first-time buyer programs in Tampa for grants or favorable terms
- Get pre-approved before making offers in Tampa’s competitive market
- Factor property taxes and HOA fees into your monthly budget
FAQ
How much house can a Physician afford in Tampa?
Approximately $586,000 with 20% down and a 30-year mortgage, based on the 28% income rule.
What salary do you need to buy a house in Tampa?
Income requirements vary by home price. A Physician earning $198,000 can typically afford homes in the $468,800–$586,000 range.
Related
Mortgage Affordability Calculator 2026 | Physician Salary in Tampa 2026