WhereCanIAfford › Boston, MA › On $400,000

Is Boston, MA affordable on a $400,000 salary?

YES On $400,000/yr, the typical $733,574 home in Boston, MA needs $225,287/yr ($5,257/mo). Your gap: +$174,713 — housing would be 15.8% of your gross income.

The math

733,574 price − 10% down (73,357) = 660,217 loan
30-yr fixed at 6.95% on 660,217 = 4,370/mo principal+interest
+ 886/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
5,257/mo PITI ÷ 0.28 = 18,774/mo → 225,287/yr required

against Zillow ZHVI 2026-08 and the 6.95% FRED 30-yr rate (2026-09-17).

What salary WOULD clear Boston, MA?

You need about $225,287/yr for the typical home. On $400,000 you already clear it by $174,713.

On $375,000? On $425,000? On $450,000?

See the full Boston, MA affordability breakdown → or every metro you can afford on $400,000 →