A STRETCH
On $125,000/yr, the typical $426,944 home in Austin, TX needs $128,264/yr ($2,993/mo). Your gap: $-3,264 — housing would be 28.7% of your gross income.
The math
426,944 price − 10% down (42,694) = 384,250 loan
30-yr fixed at 6.69% on 384,250 = 2,477/mo principal+interest
+ 516/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,993/mo PITI ÷ 0.28 = 10,689/mo → 128,264/yr required
against Zillow ZHVI 2026-06 and the 6.69% FRED 30-yr rate (2026-08-06).
What salary WOULD clear Austin, TX?
You need about $128,264/yr for the typical home. That's $3,264 more than $125,000.