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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  


Q4-2016

First Time Buyer Houisng Affordability Index

STATE/REGION/COUNTY

Q4-2016

Q3-2016

 

Q4-2015

 

Median Home
Price

Monthly Payment Including Taxes & Insurance

Minimum
Qualifying Income

CA SFH 

51

50

 

51

 

$434,656

$2,076

$62,284

CA Condo/Townhomes

59

58

 

59

 

$351,645

$1,680

$50,389

Los Angeles Metropolitan Area

54

53

 

53

 

$393,593

$1,880

$56,399

Inland Empire

65

65

 

65

 

$270,054

$1,290

$38,697

S.F. Bay Area

45

45

 

46

 

$677,595

$3,237

$97,095

US

74

73

 

75

R

$199,750

$954

$28,623

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

42

41

R

43

 

$662,575

$3,165

$94,943

Contra-Costa

59

57

R

59

R

$467,500

$2,233

$66,990

Marin

37

34

 

33

 

$977,075

$4,667

$140,009

Napa

49

47

 

44

 

$527,000

$2,517

$75,516

San Francisco

26

26

 

24

 

$1,150,050

$5,493

$164,795

San Mateo

29

29

 

29

 

$1,105,000

$5,278

$158,340

Santa Clara

42

41

 

41

 

$854,250

$4,080

$122,409

Solano

65

65

 

67

 

$333,625

$1,594

$47,806

Sonoma

47

47

 

50

R

$500,650

$2,391

$71,740

Southern California

 

 

 

 

 

 

 

 

Los Angeles

48

45

 

47

 

$427,890

$2,044

$61,314

Orange County

44

43

 

43

 

$633,386

$3,025

$90,760

Riverside County

62

61

 

60

 

$302,923

$1,447

$43,407

San Bernardino

72

72

 

72

 

$213,435

$1,019

$30,584

San Diego

46

45

 

47

 

$504,084

$2,408

$72,232

Ventura

53

52

 

49

 

$535,381

$2,557

$76,717

Central Coast

 

 

 

 

 

 

 

 

Monterey

49

46

 

49

 

$430,950

$2,058

$61,753

San Luis Obispo

46

45

 

49

 

$481,568

$2,300

$69,006

Santa Barbara

41

38

 

41

R

$579,139

$2,766

$82,987

Santa Cruz

37

36

 

42

 

$680,000

$3,248

$97,440

Central Valley

 

 

 

 

 

 

 

 

Fresno

68

67

 

67

 

$201,705

$963

$28,903

Kern (Bakersfield)

72

72

 

73

 

$191,939

$917

$27,504

Kings County

74

74

 

78

 

$182,895

$874

$26,208

Madera

69

67

 

68

 

$195,322

$933

$27,988

Merced

68

69

 

73

 

$196,112

$937

$28,102

Placer County

66

65

 

65

 

$369,512

$1,765

$52,949

Sacramento

65

63

 

66

 

$275,655

$1,317

$39,500

San Joaquin

63

63

 

59

 

$275,885

$1,318

$39,533

Stanislaus

67

66

 

63

 

$234,600

$1,121

$33,617

Tulare

67

67

 

72

 

$180,778

$863

$25,904



 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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