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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

Q22021

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q22021

Q12021

 

Q22020

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

40

44

 

50

 

$695,260

$3,340

$100,200

CA Condo/Townhomes

54

56

 

60

 

$497,250

$2,390

$71,700

Los Angeles Metropolitan Area

43

46

 

52

 

$620,500

$2,980

$89,400

Inland Empire

54

56

 

62

 

$433,500

$2,080

$62,400

S.F. Bay Area

34

38

 

44

 

$1,143,250

$5,490

$164,700

US

66

69

 

71

 

$304,220

$1,460

$43,800

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

33

37

 

41

 

$1,105,000

$5,310

$159,300

Contra Costa

43

50

 

55

 

$850,000

$4,080

$122,400

Marin

30

32

 

32

 

$1,402,500

$6,730

$201,900

Napa

42

41

 

51

 

$769,250

$3,690

$110,700

San Francisco

26

27

 

27

 

$1,615,000

$7,750

$232,500

San Mateo

24

26

 

27

 

$1,799,880

$8,640

$259,200

Santa Clara

30

33

 

36

 

$1,444,580

$6,940

$208,200

Solano

60

62

 

63

 

$484,500

$2,330

$69,900

Sonoma

45

46

 

50

 

$675,750

$3,240

$97,200

Southern California

 

 

 

 

 

 

 

 

Los Angeles

39

41

r

47

 

$642,620

$3,090

$92,700

Orange

32

34

 

42

 

$943,080

$4,530

$135,900

Riverside

51

53

 

59

 

$476,000

$2,290

$68,700

San Bernardino

61

62

 

69

 

$357,000

$1,710

$51,300

San Diego

39

43

 

48

 

$722,500

$3,470

$104,100

Ventura

42

45

 

50

 

$714,000

$3,430

$102,900

Central Coast

 

 

 

 

 

 

 

 

Monterey

34

33

 

44

 

$731,000

$3,510

$105,300

San Luis Obispo

40

44

 

49

 

$675,750

$3,240

$97,200

Santa Barbara

26

26

 

48

 

$945,630

$4,540

$136,200

Santa Cruz

28

31

 

38

 

$1,062,500

$5,100

$153,000

Central Valley

 

 

 

 

 

 

 

 

Fresno

59

62

 

65

 

$310,250

$1,490

$44,700

Glenn

61

60

 

60

 

$269,880

$1,300

$39,000

Kern

62

64

 

66

 

$272,000

$1,310

$39,300

Kings

72

74

 

74

 

$259,250

$1,240

$37,200

Madera

62

63

 

68

 

$310,250

$1,490

$44,700

Merced

61

63

 

65

 

$293,250

$1,410

$42,300

Placer

55

57

 

62

 

$556,750

$2,670

$80,100

Sacramento

56

58

 

62

 

$429,250

$2,060

$61,800

San Benito

48

53

 

58

 

$660,450

$3,170

$95,100

San Joaquin

55

59

 

60

 

$425,000

$2,040

$61,200

Stanislaus

59

60

 

65

 

$365,500

$1,750

$52,500

Tulare

62

64

 

67

 

$272,000

$1,310

$39,300

Far North

 

 

 

 

 

 

 

 

Butte

50

53

 

54

 

$376,360

$1,810

$54,300

Lassen

76

75

 

79

 

$212,420

$1,020

$30,600

Plumas

57

63

 

67

 

$342,130

$1,640

$49,200

Shasta

62

64

 

67

 

$306,000

$1,470

$44,100

Siskiyou

61

66

 

69

 

$253,730

$1,220

$36,600

Tehama

55

62

 

69

 

$295,800

$1,420

$42,600

Other Counties in California

 

 

 

 

 

 

 

 

Amador

59

61

 

67

 

$369,750

$1,780

$53,400

Calaveras

54

57

 

63

 

$409,350

$1,970

$59,100

Del Norte

52

51

 

56

 

$309,610

$1,490

$44,700

El Dorado

52

54

 

60

 

$579,700

$2,780

$83,400

Humboldt

50

55

 

59

 

$352,750

$1,690

$50,700

Lake

60

62

 

62

 

$288,150

$1,380

$41,400

Mariposa

56

55

 

60

 

$340,000

$1,630

$48,900

Mendocino

40

44

 

54

 

$476,000

$2,290

$68,700

Mono

23

8

 

35

 

$816,000

$3,920

$117,600

Nevada

51

53

 

60

 

$476,640

$2,290

$68,700

Sutter

59

62

 

66

 

$347,650

$1,670

$50,100

Tuolumne

62

64

 

68

 

$325,980

$1,570

$47,100

Yolo

48

54

 

58

 

$510,000

$2,450

$73,500

Yuba

56

61

 

67

 

$344,250

$1,650

$49,500

 

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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