People who have household income of ~$100k, how much is your mortgage?
Partner and I make a combined $122k. We're looking to buy a house in our LCOL state and the house we're considering is on the market for $255k (I think we may be able to ask for 250 instead). I know lots of people are buying much more expensive houses, so I feel silly saying it feels like a lot for a mortgage--but, like, what is a normal mortgage for people in our income bracket?
Adding a bit of info since it's coming up a bit:
We actually will be making $127k starting next month. Partner got a raise an hour after I posted this.
The LCOL state is Alabama. What I've learned is y'all in the Midwest have actual LCOL prices and Alabama's are low-but-not-that-low. Honestly, I still see us as LCOL, but it's probably largely affected by the fact that state does have sub-$100k housing in some areas...just areas you'd never want to live in and houses you'd never want to buy. I don't live in one of those areas and $250k is very normal right now in the suburbs, unfortunately. We could go slightly lower (230ish) if we bought smaller, but we toured a lot of smaller houses and they're just not worth that much. The house we're putting an offer in on is probably underpriced, honestly, at its size. But we both wfh and take a lot of calls, so the space is worth it to us.