Laserfiche WebLink
EMPLOYMENT ANALYSIS <br /> • Considering a household with an annual income of$35,000, and using the industry standard <br /> that a household can afford to pay a mortgage that is 30% of their household income for <br /> owner-occupied housing (assuming they have limited debt and not including equity), a <br /> household with this income could afford a home priced at $87,500 to $105,000. Many <br /> households in Elk River have two incomes, however. Using the same affordability standard, <br /> a household with two persons each earning$35,000 annually could afford a home priced <br /> from $175,000 to $210,000. <br /> MAXFIELD RESEARCH&CONSULTING,LLC. 30 <br />