Home Affordability Calculator
See how much house you can afford based on your income, monthly debts and down payment. The calculator applies the 28/36 rule lenders use and includes your state's property tax.
Based on the standard 28/36 rule: housing costs at or below 28% of gross monthly income, and total debt (including housing) at or below 36%. Includes California's average property tax rate of 0.71%.
30-year fixed mortgage rate, historical average
6.90% in 2026 (YTD)View as table
| Year | Avg. rate |
|---|---|
| 2000 | 8.08% |
| 2001 | 7.01% |
| 2002 | 6.57% |
| 2003 | 5.89% |
| 2004 | 5.88% |
| 2005 | 5.93% |
| 2006 | 6.47% |
| 2007 | 6.40% |
| 2008 | 6.23% |
| 2009 | 5.38% |
| 2010 | 4.86% |
| 2011 | 4.65% |
| 2012 | 3.88% |
| 2013 | 4.16% |
| 2014 | 4.31% |
| 2015 | 3.99% |
| 2016 | 3.79% |
| 2017 | 4.14% |
| 2018 | 4.70% |
| 2019 | 4.13% |
| 2020 | 3.38% |
| 2021 | 3.15% |
| 2022 | 5.53% |
| 2023 | 7.00% |
| 2024 | 6.90% |
| 2025 | 6.66% |
| 2026 (YTD) | 6.90% |
U.S. national annual average, not specific to California. Source: Freddie Mac PMMS via Bankrate.
You can likely afford
How it works
Most lenders follow the 28/36 rule: your housing payment shouldn't exceed 28% of gross monthly income, and all debt payments together shouldn't exceed 36%. The calculator finds the home price whose full payment — including property tax, insurance and PMI — fits under the tighter of the two limits.
Because property tax is part of the payment, the same income supports a more expensive home in low-tax states. The table shows the maximum price a $90,000 income supports in every state.
How much house a $90,000 income buys in every state
28/36 rule, $400/month other debts, $40,000 down, 6.5% 30-year fixed, $1,800/year insurance. Home prices are what the payment supports — not what homes cost locally.
| # | State | Max home price | Max housing payment / month |
|---|---|---|---|
| 1 | Hawaii | $315,488 | $2,100 |
| 2 | Alabama | $311,436 | $2,100 |
| 3 | Colorado | $307,487 | $2,100 |
| 4 | Nevada | $307,487 | $2,100 |
| 5 | South Carolina | $306,780 | $2,100 |
| 6 | Arizona | $306,427 | $2,100 |
| 7 | Delaware | $306,076 | $2,100 |
| 8 | Idaho | $306,076 | $2,100 |
| 9 | Utah | $306,076 | $2,100 |
| 10 | West Virginia | $305,725 | $2,100 |
| 11 | Louisiana | $305,375 | $2,100 |
| 12 | Tennessee | $305,375 | $2,100 |
| 13 | Arkansas | $304,677 | $2,100 |
| 14 | District of Columbia | $304,330 | $2,100 |
| 15 | Wyoming | $304,330 | $2,100 |
| 16 | North Carolina | $300,219 | $2,100 |
| 17 | California | $299,882 | $2,100 |
| 18 | New Mexico | $299,545 | $2,100 |
| 19 | Indiana | $298,874 | $2,100 |
| 20 | Mississippi | $298,874 | $2,100 |
| 21 | Virginia | $298,874 | $2,100 |
| 22 | Montana | $298,539 | $2,100 |
| 23 | Kentucky | $297,872 | $2,100 |
| 24 | Florida | $297,209 | $2,100 |
| 25 | Georgia | $296,548 | $2,100 |
| 26 | Oklahoma | $296,218 | $2,100 |
| 27 | Oregon | $295,890 | $2,100 |
| 28 | Washington | $295,562 | $2,100 |
| 29 | Missouri | $294,258 | $2,100 |
| 30 | North Dakota | $290,730 | $2,100 |
| 31 | Maryland | $290,413 | $2,100 |
| 32 | Minnesota | $289,154 | $2,100 |
| 33 | South Dakota | $287,595 | $2,100 |
| 34 | Maine | $287,285 | $2,100 |
| 35 | Massachusetts | $286,976 | $2,100 |
| 36 | Alaska | $286,053 | $2,100 |
| 37 | Michigan | $281,822 | $2,100 |
| 38 | Kansas | $281,228 | $2,100 |
| 39 | Rhode Island | $280,636 | $2,100 |
| 40 | Pennsylvania | $279,753 | $2,100 |
| 41 | Ohio | $279,460 | $2,100 |
| 42 | Iowa | $277,425 | $2,100 |
| 43 | Nebraska | $275,420 | $2,100 |
| 44 | Wisconsin | $275,136 | $2,100 |
| 45 | Texas | $273,164 | $2,100 |
| 46 | New York | $272,605 | $2,100 |
| 47 | Vermont | $269,575 | $2,100 |
| 48 | New Hampshire | $267,950 | $2,100 |
| 49 | Connecticut | $263,972 | $2,100 |
| 50 | Illinois | $260,111 | $2,100 |
| 51 | New Jersey | $256,115 | $2,100 |
Home Affordability Calculator by state
Frequently asked questions
What is the 28/36 rule?+
Housing costs should be at most 28% of your gross monthly income, and total monthly debt payments (housing plus car loans, student loans and cards) at most 36%.
How much house can I afford on $90,000 a year?+
With $400 a month in other debts and $40,000 down at 6.5%, about $256,115 in New Jersey up to $315,488 in Hawaii.
Should I borrow the maximum I qualify for?+
Not necessarily. Lenders approve based on ratios, not your full budget. Leave room for savings, maintenance (often 1–2% of the home's value a year) and changes in income.
Sources: WalletHub — Property Taxes by State, 2026