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Irish Mirror
Irish Mirror
National
Anita McSorley

Ireland house prices: The salary needed to buy a home in each county in 2022

Property website myhome.ie has published its latest Property Price report, which found that the market proved to be "resilient" to cost of living fears last year.

The data revealed that the average asking price for a three-bed semi detached house between October and December 2022 was €330,000 - up 6% on the same date last year.

The number of homes listed on its website and available to buy in the final three months of last year stood at 15,200 - an improvement on the same time last year, but still below pre-pandemic levels, the report's author Conall MacCoille said.

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The report looked at the average asking price for three-bed semi detached homes in every county in Ireland during the last quarter of last year, with costs varying greatly depending on their location.

It ranges from a reasonable €131,000 in Longford to an eye-watering €385,000 in Wicklow.

However, Mr MacCoille noted that "transactions in Q4 were still being settled above asking prices, indicative of a tight market".

Using the latest figures from the myhome.ie Q4 Property Price Report, we looked at what salary you would need to qualify for a mortgage on the asking price of a home in every county in Ireland.

We based the figures on the new maximum mortgage level for a first time buyer, which is now capped at 4 times your gross annual salary.

Central Bank deposit rules also require a 10% deposit for first time buyers.

Carlow

Average asking price: €220,000

Up 7.32% on last year

Deposit needed: €22,000

Salary needed: €49,500

Cavan

Average asking price: €185,000

Up 17.83% on last year

Deposit needed: €18,500

Salary needed: €41,625

Clare

Average asking price: €229,000

Up 14.51% on last year

Deposit needed: €22,900

Salary needed: €51,525

Cork

Average asking price: €279,000

Up 9.41% on last year

Deposit needed: €27,900

Salary needed: €62,775

Donegal

Average asking price: €142,500

Up 5.56% on last year

Deposit needed: €14,250

Salary needed: €32,060

Dublin

Average asking price: €370,000

Up 7.25% on last year

Deposit needed: €37,000

Salary needed: €83,250

Galway

Average asking price: €262,250

Up 7.04% on last year

Deposit needed: €26,225

Salary needed: €59,006

Kerry

Average asking price: €199,000

Up 7.57% on last year

Deposit needed: €19,000

Salary needed: €45,000

Kildare

Average asking price: €260,000

Up 10.64% on last year

Deposit needed: €26,000

Salary needed: €58,500

Kilkenny

Average asking price: €225,000

Up 15.38% on last year

Deposit needed: €22,500

Salary needed: €50,625

Laois

Average asking price: €190,000

Up 8.57% on last year

Deposit needed: €19,000

Salary needed: €42,750

Leitrim

Average asking price: €169,925

Up 8.23% on last year

Deposit needed: €16,992.50

Salary needed: €38,233.25

Limerick

Average asking price: €235,000

Up 4.44% on last year

Deposit needed: €23,500

Salary needed: €52,875

Longford

Average asking price: €131,000

Up 19.09% on last year

Deposit needed: €13,100

Salary needed: €29,475

Louth

Average asking price: €235,000

Up 4.44% on last year

Deposit needed: €23,500

Salary needed: €52,875

Mayo

Average asking price: €175,000

Up 14.75% on last year

Deposit needed: €17,500

Salary needed: €39,375

Meath

Average asking price: €280,000

Up 7.71% on last year

Deposit needed: €28,000

Salary needed: €63,000

Monaghan

Average asking price: €170,000

0% change on last year

Deposit needed: €17,000

Salary needed: €38,250

Offaly

Average asking price: €189,000

Up 0.53% on last year

Deposit needed: €18,900

Salary needed: €42,525

Roscommon

Average asking price: €144,750

Up 25.87% on last year

Deposit needed: €11,475

Salary needed: €33,318.75

Sligo

Average asking price: €184,000

Up 9.25% on last year

Deposit needed: €18,400

Salary needed: €41,400

Tipperary

Average asking price: €185,000

Up 12.12% on last year

Deposit needed: €18,500

Salary needed: €41,750

Waterford

Average asking price: €210,000

Up 7.69% on last year

Deposit needed: €21,000

Salary needed: €47,250

Westmeath

Average asking price: €209,950

Up 10.53% on last year

Deposit needed: €20,995

Salary needed: €47,238.75

Wexford

Average asking price: €225,000

Up 15.38% on last year

Deposit needed: €22,500

Salary needed: €50,625

Wicklow

Average asking price: €385,000

Up 3.36% on last year

Deposit needed: €38,500

Salary needed: €86,625

myhome.ie Q4 Property Price Report, (myhome.ie)

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