×
Your C.A.R.
Industry 360°
Transaction Center
Learn & Thrive

Model MLS Rules/Materials

California Model MLS Rules, Issues Briefing Papers, and other articles and materials related to MLS policy.


Code of Ethics Violators

Summaries and photos of California REALTORS® who violated the Code of Ethics and were disciplined with a fine, letter of reprimand, suspension, or expulsion.


Statewide MLS Initiative

An explanation of C.A.R.'s position on MLS consolidations in general and a statewide MLS in particular.


NAR Code of Ethics

The most recent edition of the Code of Ethics and Standards of Practice of the National Association of REALTORS®.


Professional Standards Materials

The California Professional Standards Reference Manual, Local Association Forms, Interboard Arbitration Rules, and other materials related to Code of Ethics enforcement and arbitration.


Housing Market Forecast

Following modest gains in home sales in 2017, California’s housing market will post a nominal increase in 2018.


Housing Matters Podcast

The all-new Housing Matters Podcast is your housing hub for market analysis, economic trends, and housing news.


Stay Connected

Stay connected with the latest releases by subscribing to the products and services that interest you.


Interactive Market Stats

Gain insights on California's housing market through interactive dashboards. Select your metrics and see where the data takes you.


Speeches & Presentations

From outreaches to webinars, the Research and Economics team is sharing their insight on the market and the economy.


Surveys & Highlights

Californians are surveyed annually to gain insights on the housing market from their persepective.


Data Matters - September 15, 2017

Get a roundup of weekly economic and market news that matters to real estate and your business.


Recent Laws

Summaries of legislation and regulation effecting REALTORS® and updates on news relevant to REALTORS®.

Legal News 2017 Laws 2016 Laws
Legislation

C.A.R. advocates for REALTOR® issues in Washington D.C., Sacramento and in city and county governments throughout California.

Federal Issues State Government Affairs Local Advocacy Resources
PACs and RAF

CREPAC, LCRC, IMPAC, ALF and the RAF comprise C.A.R.'s political fundraising arm.

CREPAC/LCRC Issues Advocacy -- IMPAC and ALF REALTOR® Action Fund
Politics and You

Learn how you can make a difference, by getting involved yourself or by passing along valuable information to your clients.

Get Involved Homeowner Legislative Facts
Top Searches
CLOSE

Housing Affordability Index - First-Time Buyer

Email Article
Lock icon
The page you are sharing is not public and requires a car.org account to view.
Send Email
What is this?
Add a quick link to this page from the Homepage when you are signed in
Share Article

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  

STATE/REGION/COUNTY

Q2-2017

Q1-2017

 

Q2-2016

 

Median Home
Price

Monthly Payment Including Taxes & Insurance

Minimum
Qualifying Income

CA SFH (SAAR)

47

51

 

50

R

$470,270

$2,370

$71,140

CA Condo/Townhomes

56

58

 

58

 

$376,890

$1,900

$57,010

Los Angeles Metropolitan Area

50

53

 

53

R

$417,560

$2,110

$63,160

Inland Empire

61

63

 

65

 

$290,740

$1,470

$43,980

S.F. Bay Area

39

45

 

42

R

$760,750

$3,840

$115,080

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

37

41

 

42

R

$748,000

$3,770

$113,150

Contra Costa

51

57

 

55

R

$556,750

$2,810

$84,220

Marin

30

32

 

33

R

$1,107,130

$5,580

$167,470

Napa

45

46

 

47

 

$580,550

$2,930

$87,820

San Francisco

22

25

 

24

 

$1,232,500

$6,210

$186,440

San Mateo

24

29

 

27

 

$1,248,650

$6,300

$188,880

Santa Clara

32

37

 

37

 

$1,005,920

$5,070

$152,160

Solano

63

65

 

65

R

$350,200

$1,770

$52,970

Sonoma

45

46

 

46

R

$531,250

$2,680

$80,360

Southern California

 

 

 

 

 

 

 

 

Los Angeles

46

48

 

49

 

$437,090

$2,200

$66,120

Orange 

40

42

 

43

 

$669,800

$3,380

$101,320

Riverside 

58

60

 

61

 

$323,000

$1,630

$48,860

San Bernardino

68

70

 

73

 

$229,190

$1,160

$34,670

San Diego

45

48

 

48

R

$514,250

$2,590

$77,790

Ventura

49

51

R

54

 

$539,750

$2,720

$81,650

Central Coast

 

 

 

 

 

 

 

 

Monterey

40

43

 

46

 

$512,550

$2,580

$77,530

San Luis Obispo

46

47

 

47

 

$480,250

$2,420

$72,650

Santa Barbara

33

31

 

37

 

$637,500

$3,210

$96,430

Santa Cruz

33

35

 

36

 

$722,500

$3,640

$109,290

Central Valley

 

 

 

 

 

 

 

 

Fresno

64

66

 

65

 

$212,500

$1,070

$32,140

Kern

70

72

 

71

 

$197,630

$1,000

$29,890

Kings 

70

71

 

72

 

$191,250

$960

$28,930

Madera

64

67

 

71

 

$220,920

$1,110

$33,420

Merced

67

70

 

70

 

$210,800

$1,060

$31,890

Placer 

62

64

 

66

 

$395,250

$1,990

$59,790

Sacramento

63

65

 

64

 

$289,000

$1,460

$43,720

San Benito

54

54

 

57

 

$450,500

$2,270

$68,150

San Joaquin

61

63

 

64

 

$286,400

$1,440

$43,320

Stanislaus

65

66

 

66

 

$245,230

$1,240

$37,090

Tulare

69

70

 

67

 

$187,000

$940

$28,290

Other Counties in California

 

 

 

 

 

 

 

 

Amador

60

64

 

68

 

$289,000

$1,460

$43,720

Butte 

56

59

 

61

 

$259,970

$1,310

$39,330

El Dorado 

58

62

 

57

 

$408,000

$2,060

$61,720

Humboldt

55

55

 

61

 

$254,150

$1,280

$38,440

Lake 

55

60

 

60

 

$212,500

$1,070

$32,140

Mariposa And Tuolumne

64

65

 

69

 

$241,730

$1,220

$36,570

Mendocino

45

45

 

52

R

$340,000

$1,710

$51,430

Shasta

65

68

 

66

 

$220,920

$1,110

$33,420

Siskiyou 

64

65

 

71

R

$184,030

$930

$27,840

Sutter

71

72

 

72

R

$230,350

$1,160

$34,840

Tehama

74

73

 

76

 

$171,700

$870

$25,970

Yolo

52

55

 

54

R

$365,500

$1,840

$55,290

Yuba

62

64

 

66

R

$229,500

$1,160

$34,720




 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.


FEEDBACK