We learned this morning that if you want to be able to afford the principal, interest, taxes and insurance payments on a median price house in Seattle, you'll have to make $83K/year. That's assuming a median price of $420K, per HSH.com's numbers. We decided it might be time to see what $420K gets you, then. Turns out, you're looking almost exclusively in South Seattle and West Seattle.
Whether you call it New Holly, Holly Park, or Rainier Valley, you'll find this 2005-built 3-BR house there for $419K. Nicely-appointed suburban home in a planned community setting, it features maple floors, master with en suite, and fully fenced backyard. Walking distance to public transit and Starbucks. What else you need?
Over in Delridge you'll find this 3-BR, 2-bath home built in 1918 asking just a shade under $420K. Guess the previous owner wanted parking over lawn space cause you can get four cars in front there. Lots of new and updated features, including new siding, fresh paint, and new tiles in the bathroom & laundry. The fully-finished daylight basement could be a MIL easily.
Let's head over to Columbia City to check out this 3-BR townhouse that's asking $420K (plus $200/month in HOAs). It's a two-story home with high ceilings, an open floor plan and plank floors throughout. You're right on MLK but you're also steps from light rail and it includes a small patio out back.