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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

Q42020

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q42020

Q32020

 

Q42019

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

43

45

 

48

 

$606,610

$2,980

$89,400

CA Condo/Townhomes

56

57

 

58

 

$442,000

$2,170

$65,100

Los Angeles Metropolitan Area

46

48

 

50

 

$535,500

$2,630

$78,900

Inland Empire

57

59

 

61

 

$382,500

$1,880

$56,400

S.F. Bay Area

39

41

 

45

 

$924,330

$4,540

$136,200

US

69

69

 

71

 

$268,520

$1,320

$39,600

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

38

39

 

44

 

$892,500

$4,380

$131,400

Contra Costa

51

51

 

57

 

$668,100

$3,280

$98,400

Marin

32

30

 

35

 

$1,232,500

$6,050

$181,500

Napa

46

45

 

47

 

$675,750

$3,320

$99,600

San Francisco

28

28

 

27

 

$1,381,250

$6,780

$203,400

San Mateo

27

26

 

30

 

$1,436,500

$7,050

$211,500

Santa Clara

35

36

 

38

 

$1,190,000

$5,840

$175,200

Solano

61

62

 

64

 

$431,800

$2,120

$63,600

Sonoma

47

48

 

49

 

$612,000

$3,010

$90,300

Southern California

 

 

 

 

 

 

 

 

Los Angeles

41

40

 

43

 

$585,360

$2,870

$86,100

Orange

36

39

 

43

 

$794,750

$3,900

$117,000

Riverside

55

56

 

58

 

$414,380

$2,030

$60,900

San Bernardino

64

67

 

67

 

$318,750

$1,570

$47,100

San Diego

43

44

 

47

 

$629,000

$3,090

$92,700

Ventura

46

46

 

50

 

$636,650

$3,130

$93,900

Central Coast

 

 

 

 

 

 

 

 

Monterey

34

36

 

42

 

$705,500

$3,460

$103,800

San Luis Obispo

44

47

 

48

 

$595,210

$2,920

$87,600

Santa Barbara

28

29

 

40

 

$837,250

$4,110

$123,300

Santa Cruz

30

31

 

36

 

$895,050

$4,400

$132,000

Central Valley

 

 

 

 

 

 

 

 

Fresno

63

64

 

63

 

$278,800

$1,370

$41,100

Glenn

62

63

 

NA

 

$252,880

$1,240

$37,200

Kern

64

65

 

66

 

$250,750

$1,230

$36,900

Kings

73

75

 

73

 

$242,250

$1,190

$35,700

Madera

66

66

 

67

 

$276,250

$1,360

$40,800

Merced

62

61

 

66

 

$267,750

$1,310

$39,300

Placer

59

60

 

65

 

$467,500

$2,300

$69,000

Sacramento

59

60

 

62

 

$374,850

$1,840

$55,200

San Benito

52

54

 

54

 

$575,450

$2,830

$84,900

San Joaquin

58

60

 

62

 

$370,810

$1,820

$54,600

Stanislaus

62

64

 

65

 

$323,000

$1,590

$47,700

Tulare

66

66

 

68

 

$242,250

$1,190

$35,700

Far North

 

 

 

 

 

 

 

 

Butte

51

52

 

54

 

$344,250

$1,690

$50,700

Lassen

79

76

 

75

 

$182,750

$900

$27,000

Plumas

60

56

 

67

 

$297,500

$1,460

$43,800

Shasta

64

66

 

65

 

$276,250

$1,360

$40,800

Siskiyou

65

66

 

66

 

$226,100

$1,110

$33,300

Tehama

62

64

 

63

 

$250,750

$1,230

$36,900

Other Counties in California

 

 

 

 

 

 

 

 

Amador

65

66

 

65

 

$306,000

$1,500

$45,000

Calaveras

58

62

 

62

 

$337,880

$1,660

$49,800

Del Norte

51

54

 

NA

 

$285,600

$1,400

$42,000

El Dorado

57

56

 

62

 

$472,600

$2,320

$69,600

Humboldt

54

57

 

55

 

$314,500

$1,540

$46,200

Lake

61

62

 

62

 

$270,300

$1,330

$39,900

Mariposa

57

53

 

63

 

$318,750

$1,570

$47,100

Mendocino

44

47

 

46

 

$446,250

$2,190

$65,700

Mono

26

34

 

47

 

$717,830

$3,520

$105,600

Nevada

55

56

 

58

 

$416,500

$2,050

$61,500

Sutter

63

64

 

63

 

$304,300

$1,490

$44,700

Tuolumne

65

67

 

67

 

$288,150

$1,410

$42,300

Yolo

53

53

 

57

 

$437,750

$2,150

$64,500

Yuba

64

66

 

65

 

$301,750

$1,480

$44,400

 

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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