Report: Buyers need to make $70K to purchase median-price home in Providence metro

THE PROVIDENCE metro area was among the most expensive large metro areas in the nation in which to purchase a home. / COURTESY HSH ASSOCIATES
THE PROVIDENCE metro area was among the most expensive large metro areas in the nation in which to purchase a home. / COURTESY HSH ASSOCIATES
PROVIDENCE – Based on 2019 first-quarter data, the salary needed to purchase a single-family home in the Providence-Warwick-Fall River metropolitan area was $70,211, according to a report from HSH Associates this week. The study considered mortgages in metro areas, median single-family home prices, a mortgage's principal, interest, property tax and homeowner’s insurance payment. It was…

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