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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

Q22023

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q22023

Q12023

 

Q22022

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

32

35

r

34

 

$706,030

$4,520

$135,600

CA Condo/Townhomes

43

45

 

46

 

$544,000

$3,480

$104,400

Los Angeles Metropolitan Area

33

36

 

36

 

$646,000

$4,140

$124,200

Inland Empire

42

45

 

46

 

$484,500

$3,100

$93,000

S.F. Bay Area

28

36

r

29

r

$1,105,000

$7,080

$212,400

US

55

58

 

58

 

$342,210

$2,190

$65,700

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

26

33

r

26

r

$1,083,750

$6,940

$208,200

Contra Costa

40

48

r

42

r

$765,000

$4,900

$147,000

Marin

23

26

 

24

 

$1,504,500

$9,640

$289,200

Napa

36

37

 

34

r

$726,750

$4,650

$139,500

San Francisco

27

28

 

25

 

$1,369,350

$8,770

$263,100

San Mateo

26

27

 

24

 

$1,710,630

$10,960

$328,800

Santa Clara

26

28

 

26

 

$1,530,000

$9,800

$294,000

Solano

49

51

 

54

 

$503,840

$3,230

$96,900

Sonoma

33

36

 

38

 

$722,500

$4,630

$138,900

Southern California

 

 

 

 

 

 

 

 

Los Angeles

30

33

 

33

 

$670,990

$4,300

$129,000

Orange

20

22

 

24

 

$1,062,500

$6,800

$204,000

Riverside

40

42

 

43

 

$531,250

$3,400

$102,000

San Bernardino

50

50

 

53

 

$388,030

$2,490

$74,700

San Diego

27

30

 

31

 

$801,000

$5,130

$153,900

Ventura

30

36

 

34

 

$777,750

$4,980

$149,400

Central Coast

 

 

 

 

 

 

 

 

Monterey

25

27

 

31

 

$735,560

$4,710

$141,300

San Luis Obispo

25

28

 

30

 

$748,000

$4,790

$143,700

Santa Barbara

17

29

 

22

 

$1,015,750

$6,510

$195,300

Santa Cruz

21

23

 

24

 

$1,079,500

$6,910

$207,300

Central Valley

 

 

 

 

 

 

 

 

Fresno

47

51

 

51

 

$357,000

$2,290

$68,700

Glenn

53

52

 

58

 

$296,650

$1,900

$57,000

Kern

49

51

 

52

 

$323,000

$2,070

$62,100

Kings

54

55

 

62

 

$306,850

$1,970

$59,100

Madera

51

54

 

54

 

$359,550

$2,300

$69,000

Merced

52

53

 

55

 

$331,500

$2,120

$63,600

Placer

49

52

r

50

r

$566,950

$3,630

$108,900

Sacramento

46

50

 

49

 

$450,500

$2,890

$86,700

San Benito

39

45

 

39

 

$641,870

$4,110

$123,300

San Joaquin

45

47

 

46

r

$450,500

$2,890

$86,700

Stanislaus

47

50

r

51

 

$391,000

$2,500

$75,000

Tulare

52

55

 

54

 

$314,500

$2,010

$60,300

Far North

 

 

 

 

 

 

 

 

Butte

48

50

 

48

 

$369,710

$2,370

$71,100

Lassen

70

70

 

72

 

$211,650

$1,360

$40,800

Plumas

56

60

 

54

 

$302,600

$1,940

$58,200

Shasta

54

57

 

56

 

$330,650

$2,120

$63,600

Siskiyou

57

60

 

50

 

$237,580

$1,520

$45,600

Tehama

52

56

 

52

 

$297,500

$1,910

$57,300

Other Counties in California

 

 

 

 

 

 

 

 

Amador

49

54

r

55

 

$392,610

$2,510

$75,300

Calaveras

48

53

 

50

 

$416,500

$2,670

$80,100

Del Norte

47

49

 

51

 

$310,250

$1,990

$59,700

El Dorado

42

49

 

46

 

$594,150

$3,810

$114,300

Humboldt

42

44

 

45

 

$372,300

$2,380

$71,400

Lake

46

50

 

54

 

$303,450

$1,940

$58,200

Mariposa

44

45

 

44

 

$331,500

$2,120

$63,600

Mendocino

35

44

 

34

 

$442,000

$2,830

$84,900

Mono

13

17

 

18

 

$833,000

$5,330

$159,900

Nevada

43

48

 

46

 

$473,880

$3,030

$90,900

Sutter

52

56

 

54

 

$361,250

$2,310

$69,300

Tuolumne

51

55

 

54

 

$355,560

$2,280

$68,400

Yolo

40

45

 

43

r

$531,250

$3,400

$102,000

Yuba

46

48

 

49

 

$378,210

$2,420

$72,600

 

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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