A STRETCH
On $225,000/yr, the typical $735,075 home in New York, NY needs $225,748/yr ($5,267/mo). Your gap: $-748 — housing would be 28.1% of your gross income.
The math
735,075 price − 10% down (73,508) = 661,567 loan
30-yr fixed at 6.95% on 661,567 = 4,379/mo principal+interest
+ 888/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
5,267/mo PITI ÷ 0.28 = 18,812/mo → 225,748/yr required
against Zillow ZHVI 2026-08 and the 6.95% FRED 30-yr rate (2026-09-17).
What salary WOULD clear New York, NY?
You need about $225,748/yr for the typical home. That's $748 more than $225,000.