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 the complete revised
CA historical quarterly series:
Download the complete revised historical series for the Regions: *
Download the complete revised historical series for the Counties: *
* Due to the change in C.A.R.’s price series, historical figures for the revised HAI series will be
available soon.
First -Time Buyer Housing Affordability Index Methodology
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2013 Q1 |
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| First-time Buyer Housing Affordability Index | ||||
|
C.A.R. Region |
Housing Affordability Index | Entry-Level Price | Monthly Payment Including Taxes & Insurance |
Minimum Qualifying Income |
|
CA SFH (SAAR) | 62 | $ 297,920 | $ 1,420 | $ 42,730 |
|
CA Condo/Townhomes | 70 | $ 240,810 | $ 1,150 | $ 34,540 |
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Los Angeles Metropolitan Area | 64 | $ 283,370 | $ 1,350 | $ 40,650 |
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Inland Empire | 76 | $ 184,210 | $ 880 | $ 26,420 |
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S.F. Bay Area | 51 | $ 504,810 | $ 2,410 | $ 72,410 |
|
US | 79 | $ 150,110 | $ 720 | $ 21,530 |
|
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S.F. Bay Area | ||||
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Alameda | 52 | $ 460,680 | $ 2,200 | $ 66,080 |
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Contra-Costa (Central County) | 48 | $ 550,850 | $ 2,630 | $ 79,020 |
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Marin | 43 | $ 729,770 | $ 3,490 | $ 104,680 |
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Napa | 59 | $ 367,200 | $ 1,760 | $ 52,670 |
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San Francisco | 41 | $ 633,100 | $ 3,030 | $ 90,810 |
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San Mateo | 43 | $ 691,900 | $ 3,310 | $ 99,250 |
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Santa Clara | 51 | $ 599,250 | $ 2,870 | $ 85,960 |
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Solano | 80 | $ 206,210 | $ 990 | $ 29,580 |
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Sonoma | 57 | $ 327,670 | $ 1,570 | $ 47,000 |
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Southern California | ||||
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Los Angeles | 60 | $ 293,710 | $ 1,400 | $ 42,130 |
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Orange County | 49 | $ 510,130 | $ 2,440 | $ 73,170 |
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Riverside County | 71 | $ 214,170 | $ 1,020 | $ 30,720 |
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San Bernardino | 84 | $ 133,810 | $ 640 | $ 19,190 |
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San Diego | 57 | $ 350,470 | $ 1,680 | $ 50,270 |
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Ventura | 62 | $ 392,650 | $ 1,880 | $ 56,320 |
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Central Coast | ||||
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Monterey | 63 | $ 286,030 | $ 1,370 | $ 41,030 |
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San Luis Obispo | 54 | $ 348,160 | $ 1,660 | $ 49,940 |
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Santa Barbara | 45 | $ 462,140 | $ 2,210 | $ 66,290 |
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Santa Cruz | 49 | $ 437,750 | $ 2,090 | $ 62,790 |
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Central Valley | ||||
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Fresno | 78 | $ 133,850 | $ 640 | $ 19,200 |
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Kings County | 84 | $ 129,050 | $ 620 | $ 18,510 |
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Madera | 87 | $ 108,070 | $ 520 | $ 15,500 |
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Merced | 81 | $ 114,140 | $ 550 | $ 16,370 |
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Placer County | 74 | $ 263,470 | $ 1,260 | $ 37,790 |
|
Sacramento | 77 | $ 177,870 | $ 850 | $ 25,510 |
|
Tulare | 83 | $ 115,890 | $ 550 | $ 16,620 |
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.
