Can I buy a house making $100,000 a year in Lane County?

Yes, making $100,000 a year certainly puts you in a strong position to buy a house in Lane County, but your specific affordability depends on several other key factors. While a $100,000 annual salary translates to roughly $8,333 a month before taxes, lenders look at more than just income.

• Debt-to-Income (DTI) Ratio: This is crucial. Lenders typically prefer your total monthly debt payments (including your new mortgage, car loans, student loans, credit cards) to be no more than 36% to 45% of your gross monthly income, depending on the loan type.
• Down Payment: A larger down payment reduces your loan amount, lowering your monthly payments and potentially securing a better interest rate. While a 20% down payment helps you avoid Private Mortgage Insurance (PMI), many loan programs allow for much lower down payments (e.g., 3.5% for FHA loans).
• Credit Score: A strong credit score (typically 620+ for conventional loans, higher for better rates) indicates lower risk to lenders and can significantly impact your interest rate.

Current Interest Rates: Fluctuating interest rates directly affect your monthly mortgage payment and, thus, how much house you can afford. Given the median home sold price in Lane County around $464,621 (June 2025), a $100,000 salary could potentially afford you a home in the $300,000 to $450,000 range, assuming manageable debt and a decent down payment. The best way to determine your precise buying power in Lane County is to get pre-approved by a trusted local lender. Our team at Better Homes and Gardens Real Estate Equinox can connect you with excellent mortgage professionals who can provide a clear picture of what you can comfortably afford.