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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

Q3-2019

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q3-2019

Q2-2019

 

Q3-2018

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

48

47

 

45

 

$521,450

$2,690

$80,700

CA Condo/Townhomes

59

57

 

54

 

$395,250

$2,040

$61,200

Los Angeles Metropolitan Area

50

50

r

48

 

$465,160

$2,400

$72,000

Inland Empire

60

59

 

59

 

$323,000

$1,670

$50,100

S.F. Bay Area

46

41

 

38

 

$773,500

$4,000

$120,000

US

70

70

r

69

 

$238,170

$1,230

$36,900

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

43

40

 

35

 

$782,000

$4,040

$121,200

Contra Costa

57

54

 

52

 

$565,250

$2,920

$87,600

Marin

36

32

 

31

 

$1,083,750

$5,600

$168,000

Napa

47

46

 

43

 

$616,460

$3,180

$95,400

San Francisco

27

24

 

22

 

$1,343,000

$6,940

$208,200

San Mateo

30

26

 

22

 

$1,283,500

$6,630

$198,900

Santa Clara

38

34

 

32

 

$1,054,000

$5,450

$163,500

Solano

64

64

 

58

 

$391,000

$2,020

$60,600

Sonoma

48

47

 

41

 

$572,260

$2,960

$88,800

Southern California

 

 

 

 

 

 

 

 

Los Angeles

41

45

 

39

 

$552,130

$2,850

$85,500

Orange

43

41

 

37

 

$702,100

$3,630

$108,900

Riverside

58

57

 

57

 

$357,000

$1,840

$55,200

San Bernardino

67

66

 

65

 

$267,750

$1,380

$41,400

San Diego

48

46

 

42

 

$548,250

$2,830

$84,900

Ventura

50

50

 

49

 

$567,380

$2,930

$87,900

Central Coast

 

 

 

 

 

 

 

 

Monterey

43

43

 

39

 

$551,650

$2,850

$85,500

San Luis Obispo

47

45

 

41

 

$539,750

$2,790

$83,700

Santa Barbara

39

36

 

45

 

$603,500

$3,120

$93,600

Santa Cruz

37

32

 

25

 

$726,750

$3,750

$112,500

Central Valley

 

 

 

 

 

 

 

 

Fresno

64

63

 

62

 

$242,680

$1,250

$37,500

Kern

66

66

 

68

 

$221,000

$1,140

$34,200

Kings

72

72

 

70

 

$218,450

$1,130

$33,900

Madera

68

68

 

67

 

$240,450

$1,240

$37,200

Merced

65

64

 

59

 

$237,150

$1,230

$36,900

Placer

65

63

r

61

 

$424,150

$2,190

$65,700

Sacramento

62

61

 

60

 

$329,800

$1,700

$51,000

San Benito

55

55

 

50

 

$501,080

$2,590

$77,700

San Joaquin

61

60

 

56

 

$327,250

$1,690

$50,700

Stanislaus

64

64

 

63

 

$284,750

$1,470

$44,100

Tulare

68

67

 

64

 

$212,500

$1,100

$33,000

Other Counties in California

 

 

 

 

 

 

 

 

Amador

65

57

r

NA

 

$272,000

$1,410

$42,300

Butte

53

50

 

56

 

$306,000

$1,580

$47,400

Calaveras

64

61

 

60

 

$280,500

$1,450

$43,500

El Dorado

59

57

 

60

 

$433,160

$2,240

$67,200

Humboldt

54

54

 

52

 

$280,710

$1,450

$43,500

Lake County

64

62

 

57

 

$220,580

$1,140

$34,200

Lassen

77

76

 

79

 

$173,400

$900

$27,000

Mariposa

61

62

 

59

 

$269,030

$1,390

$41,700

Mendocino

46

46

 

41

 

$344,250

$1,780

$53,400

Mono

36

34

 

31

 

$592,880

$3,060

$91,800

Nevada

59

58

 

51

 

$354,880

$1,830

$54,900

Plumas

61

55

 

61

 

$269,030

$1,390

$41,700

Shasta

64

64

 

62

 

$242,250

$1,250

$37,500

Siskiyou

66

64

 

64

 

$191,250

$990

$29,700

Sutter

63

62

 

62

 

$267,750

$1,380

$41,400

Tehama

63

64

 

68

 

$217,180

$1,120

$33,600

Tuolumne

65

64

 

61

 

$255,000

$1,320

$39,600

Yolo

55

55

 

54

 

$398,650

$2,060

$61,800

Yuba

65

63

 

65

 

$254,960

$1,320

$39,600

 

 

 

 

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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