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Heres what you need to make in order to buy a starter home in the Bay Area NBC Bay Area [Video]

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Starting a Business

Tough news for anyone trying to get into the Bay Area housing market, particularly those looking for a starter home.

Starter homes, meaning any home with a price in the 35th percentile of local homes, are still extremely pricey, and that’s assuming you can find one.

According to Redfin, you’ll need a yearly income of nearly $300,000 to afford a starter home in San Jose, only a little less in San Francisco and close to $200,000 in Oakland.

Those kind of numbers put home ownership almost out of reach for most first-time buyers, particularly young ones.

NBC Bay Area’s Scott Budman has more in the video report above.

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