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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

 

Q12021

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q12021

Q42020

 

Q12020

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

44

43

 

52

 

$612,420

$2,990

$89,700

CA Condo/Townhomes

56

56

 

60

 

$454,750

$2,220

$66,600

Los Angeles Metropolitan Area

46

46

 

52

 

$552,500

$2,700

$81,000

Inland Empire

56

57

 

62

 

$403,750

$1,970

$59,100

S.F. Bay Area

38

39

 

48

 

$983,450

$4,800

$144,000

US

69

69

 

73

 

$271,320

$1,320

$39,600

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

37

38

 

45

 

$942,650

$4,600

$138,000

Contra Costa

50

51

 

60

 

$709,750

$3,460

$103,800

Marin

32

32

 

37

 

$1,300,500

$6,350

$190,500

Napa

41

46

 

52

 

$766,280

$3,740

$112,200

San Francisco

27

28

 

29

 

$1,483,250

$7,240

$217,200

San Mateo

26

27

 

30

 

$1,572,500

$7,670

$230,100

Santa Clara

33

35

 

38

 

$1,275,000

$6,220

$186,600

Solano

62

61

 

65

 

$446,250

$2,180

$65,400

Sonoma

46

47

 

52

 

$631,130

$3,080

$92,400

Southern California

 

 

 

 

 

 

 

 

Los Angeles

42

41

 

47

 

$580,010

$2,830

$84,900

Orange

34

36

 

41

 

$850,000

$4,150

$124,500

Riverside

53

55

 

60

 

$442,000

$2,160

$64,800

San Bernardino

62

64

 

69

 

$339,150

$1,650

$49,500

San Diego

43

43

 

49

 

$648,980

$3,170

$95,100

Ventura

45

46

 

52

 

$653,650

$3,190

$95,700

Central Coast

 

 

 

 

 

 

 

 

Monterey

33

34

 

45

 

$735,250

$3,590

$107,700

San Luis Obispo

44

44

 

50

 

$603,290

$2,940

$88,200

Santa Barbara

26

28

 

45

 

$901,000

$4,400

$132,000

Santa Cruz

31

30

 

38

 

$935,000

$4,560

$136,800

Central Valley

 

 

 

 

 

 

 

 

Fresno

62

63

 

66

 

$289,000

$1,410

$42,300

Glenn

60

62

 

60

 

$272,000

$1,330

$39,900

Kern

64

64

 

68

 

$255,150

$1,240

$37,200

Kings

74

73

 

75

 

$240,130

$1,170

$35,100

Madera

63

66

 

69

 

$296,650

$1,450

$43,500

Merced

63

62

 

65

 

$267,750

$1,310

$39,300

Placer

57

59

 

64

 

$509,150

$2,480

$74,400

Sacramento

58

59

 

63

 

$395,250

$1,930

$57,900

San Benito

53

52

 

62

 

$610,300

$2,980

$89,400

San Joaquin

59

58

 

62

 

$375,910

$1,830

$54,900

Stanislaus

60

62

 

67

 

$340,000

$1,660

$49,800

Tulare

64

66

 

68

 

$255,000

$1,240

$37,200

Far North

 

 

 

 

 

 

 

 

Butte

53

51

 

57

 

$340,000

$1,660

$49,800

Lassen

75

79

 

76

 

$211,650

$1,030

$30,900

Plumas

63

60

 

64

 

$286,880

$1,400

$42,000

Shasta

64

64

 

67

 

$284,750

$1,390

$41,700

Siskiyou

66

65

 

67

 

$226,100

$1,100

$33,000

Tehama

62

62

 

65

 

$246,500

$1,200

$36,000

Other Counties in California

 

 

 

 

 

 

 

 

Amador

61

65

 

68

 

$343,880

$1,680

$50,400

Calaveras

57

58

 

63

 

$362,950

$1,770

$53,100

Del Norte

51

51

 

63

 

$296,650

$1,450

$43,500

El Dorado

54

57

 

63

 

$527,000

$2,570

$77,100

Humboldt

55

54

 

60

 

$306,850

$1,500

$45,000

Lake

62

61

 

66

 

$269,450

$1,310

$39,300

Mariposa

55

57

 

63

 

$340,000

$1,660

$49,800

Mendocino

44

44

 

53

 

$442,000

$2,160

$64,800

Mono

8

26

 

37

 

$1,232,500

$6,010

$180,300

Nevada

53

55

 

61

 

$446,250

$2,180

$65,400

Sutter

62

63

 

67

 

$310,680

$1,520

$45,600

Tuolumne

64

65

 

68

 

$297,500

$1,450

$43,500

Yolo

54

53

 

59

 

$437,750

$2,140

$64,200

Yuba

61

64

 

68

 

$314,500

$1,530

$45,900

 

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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