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Housing Affordability Index - First-Time Buyer

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C.A.R.'s First-time Buyer Housing Affordability Index (FTB-HAI) measures the percentage of households that can afford to purchase an entry-level home in California. C.A.R. also reports first-time buyer indexes for regions and select counties within the state. The Index is the most fundamental measure of housing well-being for first-time buyers in the state.


Download series:   XLS  |  Historical

First -Time Buyer Housing Affordability Index Methodology  

Q1-2017

First Time Buyer Houisng Affordability Index

STATE/REGION/COUNTY

Q1-2017

Q4-2016

 

Q1-2016

 

Median Home
Price

Monthly Payment Including Taxes & Insurance

Minimum
Qualifying Income

CA SFH (SAAR)

51 

50 

 

53 

R

$422,130 

$2,140 

$64,100

CA Condo/Townhomes

58 

58 

 

60 

 

$352,700 

$1,790 

$53,560

Los Angeles Metropolitan Area

53 

52 

 

54 

R

$392,630 

$1,990 

$59,620

Inland Empire

63 

64 

 

66 

 

$277,490 

$1,400 

$42,140

S.F. Bay Area

45 

44 

R

48 

R

$663,280 

$3,360 

$100,720

US

73 

73 

 

75 

 

$197,000 

$1,000 

$30,000

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

41 

43 

R

46 

R

$678,300 

$3,430 

$103,000

Contra Costa

57 

58 

 

59 

R

$478,130 

$2,420 

$72,610

Marin

32 

35 

 

36 

R

$1,020,000 

$5,160 

$154,890

Napa

46 

47 

 

45 

 

$567,800 

$2,870 

$86,220

San Francisco

25 

25 

 

25 

 

$1,105,000 

$5,590 

$167,800

San Mateo

29 

28 

 

31 

 

$1,105,000 

$5,590 

$167,800

Santa Clara

37 

40 

 

41 

 

$909,500 

$4,600 

$138,110

Solano

65 

64 

 

67 

R

$332,140 

$1,680 

$50,440

Sonoma

46 

45 

 

48 

R

$514,250 

$2,600 

$78,090

Southern California

 

 

 

 

 

 

 

 

Los Angeles

48 

46 

R

50 

 

$412,950 

$2,090 

$62,710

Orange 

42 

42 

 

44 

 

$637,500 

$3,230 

$96,810

Riverside 

60 

60 

 

62 

 

$310,250 

$1,570 

$47,110

San Bernardino

70 

71 

 

73 

 

$218,370 

$1,110 

$33,160

San Diego

48 

46 

R

49 

R

$479,400 

$2,430 

$72,800

Ventura

48 

52 

 

52 

 

$546,110 

$2,760 

$82,930

Central Coast

 

 

 

 

 

 

 

 

Monterey

43 

48 

 

48 

 

$476,000 

$2,410 

$72,280

San Luis Obispo

47 

46 

R

47 

 

$467,500 

$2,370 

$70,990

Santa Barbara

31 

40 

 

39 

 

$662,150 

$3,350 

$100,550

Santa Cruz

35 

35 

 

38 

 

$684,250 

$3,460 

$103,910

Central Valley

 

 

 

 

 

 

 

 

Fresno

66 

66 

 

69 

 

$202,300 

$1,020 

$30,720

Kern

72 

71 

 

72 

 

$186,150 

$940 

$28,270

Kings 

71 

73 

 

75 

 

$182,750 

$930 

$27,750

Madera

67 

69 

R

70 

 

$202,300 

$1,020 

$30,720

Merced

70 

66 

 

73 

 

$194,230 

$980 

$29,490

Placer 

64 

65 

 

67 

 

$369,750 

$1,870 

$56,150

Sacramento

65 

64 

R

66 

 

$271,770 

$1,380 

$41,270

San Benito

54 

56 

 

57 

 

$446,250 

$2,260 

$67,770

San Joaquin

63 

62 

 

65 

 

$267,750 

$1,360 

$40,660

Stanislaus

66 

65 

 

68 

 

$233,750 

$1,180 

$35,500

Tulare

70 

66 

 

69 

 

$180,200 

$910 

$27,360

Other Counties in California

 

 

 

 

 

 

 

 

Amador

64 

67 

 

67 

 

$250,750 

$1,270 

$38,080

Butte 

59 

58 

 

60 

 

$239,700 

$1,210 

$36,400

El Dorado 

62 

57 

R

58 

 

$364,650 

$1,850 

$55,370

Humboldt

55 

58 

 

61 

 

$250,750 

$1,270 

$38,080

Lake 

60 

60 

 

63 

 

$184,450 

$930 

$28,010

Mariposa And Tuolumne

65 

69 

 

70 

 

$238,000 

$1,200 

$36,140

Mendocino

45 

50 

 

49 

R

$340,000 

$1,720 

$51,630

Shasta

68 

64 

 

68 

 

$200,180 

$1,010 

$30,400

Siskiyou 

65 

69 

R

72 

R

$175,530 

$890 

$26,650

Sutter

72 

70 

R

74 

R

$219,730 

$1,110 

$33,370

Tehama

73 

76 

R

77 

 

$175,100 

$890 

$26,590

Yolo

55 

55 

R

57 

R

$327,680 

$1,660 

$49,760

Yuba

64 

63 

 

67 

R

$216,670 

$1,100 

$32,900



 Source: CALIFORNIA ASSOCIATION OF REALTORS®

 r – revised

Note: The effective interest rate series previously used to calculate C.A.R.’s First-Time Buyer Housing Affordability Index (FTB-HAI) was discontinued in 2008. Beginning with this news release, the FTB-HAI will incorporate an effective interest rate that is based on the one-year, adjustable-rate mortgage (ARM) from Freddie Mac’s Primary Mortgage Market Survey (PMMS). The effective rate accounts for both the one-year ARM rate and the points/fees as reported by Freddie Mac.


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