Home prices continue to climb, increasing the wealth of homeowners and putting buyers in a position to consider how much home they can afford.

The National Association of Realtors reported Thursday that the median sales price of an existing single-family home in the fourth quarter rose nearly 15% year over year to $361,700. This is down slightly from 15.9% in the previous quarter.

The monthly mortgage payment on a typical single-family existing home with a 20% down payment was $201 higher than a year ago, at $1,240. That’s 16.9 percent of the median household income, according to NAR.