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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 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 in December 2011.
First-Time Buyer Housing Affordability Index Methodology
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2011 Q3 |
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First-time Buyer Housing Affordability Index |
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C.A.R. Region |
Housing |
Entry-Level Price |
Monthly Payment Including Taxes & Insurance |
Minimum |
|
CA SFH (SAAR) |
71 |
$ 248,300 |
$ 1,220 |
$ 36,720 |
|
CA Condo/Townhomes |
78 |
$ 194,490 |
$ 960 |
$ 28,760 |
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Los Angeles Metropolitan Area |
72 |
$ 234,560 |
$ 1,160 |
$ 34,690 |
|
Inland Empire |
83 |
$ 146,280 |
$ 720 |
$ 21,630 |
|
S.F. Bay Area |
62 |
$ 418,130 |
$ 2,060 |
$ 61,840 |
|
US |
82 |
$ 144,080 |
$ 710 |
$ 21,310 |
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S.F. Bay Area |
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Alameda |
60 |
$ 393,580 |
$ 1,940 |
$ 58,210 |
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Contra-Costa (Central County) |
53 |
$ 519,320 |
$ 2,560 |
$ 76,810 |
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Marin |
47 |
$ 668,370 |
$ 3,300 |
$ 98,850 |
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Napa |
71 |
$ 289,130 |
$ 1,430 |
$ 42,760 |
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San Francisco |
48 |
$ 537,690 |
$ 2,650 |
$ 79,520 |
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San Mateo |
51 |
$ 597,550 |
$ 2,950 |
$ 88,380 |
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Santa Clara |
60 |
$ 499,380 |
$ 2,460 |
$ 73,860 |
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Solano |
88 |
$ 163,500 |
$ 810 |
$ 24,180 |
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Sonoma |
70 |
$ 290,900 |
$ 1,430 |
$ 43,020 |
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Southern California |
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Los Angeles |
63 |
$ 276,110 |
$ 1,360 |
$ 40,840 |
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Orange County |
59 |
$ 442,260 |
$ 2,180 |
$ 65,410 |
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Riverside County |
81 |
$ 170,820 |
$ 840 |
$ 25,260 |
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San Bernardino |
88 |
$ 113,300 |
$ 560 |
$ 16,760 |
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San Diego |
65 |
$ 314,330 |
$ 1,550 |
$ 46,490 |
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Ventura |
68 |
$ 357,340 |
$ 1,760 |
$ 52,850 |
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Central Coast |
|
|
|
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Monterey |
76 |
$ 225,250 |
$ 1,110 |
$ 33,310 |
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San Luis Obispo |
63 |
$ 304,050 |
$ 1,500 |
$ 44,970 |
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Santa Barbara |
60 |
$ 338,450 |
$ 1,670 |
$ 50,060 |
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Santa Cruz |
56 |
$ 416,500 |
$ 2,050 |
$ 61,600 |
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Central Valley |
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|
|
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Fresno |
83 |
$ 121,290 |
$ 600 |
$ 17,940 |
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Kings County |
88 |
$ 110,950 |
$ 550 |
$ 16,410 |
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Madera |
87 |
$ 102,710 |
$ 510 |
$ 15,190 |
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Merced |
86 |
$ 102,180 |
$ 500 |
$ 15,110 |
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Placer County |
82 |
$ 225,230 |
$ 1,110 |
$ 33,310 |
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Sacramento |
85 |
$ 141,590 |
$ 700 |
$ 20,940 |
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Tulare |
86 |
$ 102,140 |
$ 500 |
$ 15,110 |
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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.
