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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

Q22022

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q22022

Q12022

 

Q22021

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

34

43

 

40

 

$750,860

$4,110

$123,300

CA Condo/Townhomes

46

52

 

54

 

$575,450

$3,150

$94,500

Los Angeles Metropolitan Area

36

44

 

43

 

$680,000

$3,720

$111,600

Inland Empire

46

52

 

54

 

$497,250

$2,720

$81,600

S.F. Bay Area

28

36

 

34

 

$1,270,750

$6,960

$208,800

US

58

65

r

65

r

$351,480

$1,920

$57,600

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

25

33

 

33

 

$1,275,000

$6,980

$209,400

Contra Costa

41

50

 

43

 

$850,920

$4,660

$139,800

Marin

24

32

 

30

 

$1,638,800

$8,970

$269,100

Napa

33

39

 

42

 

$854,250

$4,680

$140,400

San Francisco

25

28

 

26

 

$1,700,000

$9,310

$279,300

San Mateo

24

25

 

24

 

$1,929,500

$10,560

$316,800

Santa Clara

26

29

 

30

 

$1,615,000

$8,840

$265,200

Solano

54

61

 

60

 

$531,250

$2,910

$87,300

Sonoma

38

45

 

45

 

$735,680

$4,030

$120,900

Southern California

 

 

 

 

 

 

 

 

Los Angeles

33

39

 

39

 

$701,800

$3,840

$115,200

Orange

24

29

 

32

 

$1,105,000

$6,050

$181,500

Riverside

43

49

 

51

 

$544,000

$2,980

$89,400

San Bernardino

53

59

 

61

 

$419,050

$2,290

$68,700

San Diego

31

39

 

39

 

$820,990

$4,490

$134,700

Ventura

34

42

 

42

 

$798,150

$4,370

$131,100

Central Coast

 

 

 

 

 

 

 

 

Monterey

31

35

 

34

 

$743,750

$4,070

$122,100

San Luis Obispo

30

38

 

40

 

$765,000

$4,190

$125,700

Santa Barbara

22

27

 

26

 

$988,130

$5,410

$162,300

Santa Cruz

24

26

 

28

 

$1,147,500

$6,280

$188,400

Central Valley

 

 

 

 

 

 

 

 

Fresno

51

55

 

59

 

$360,830

$1,980

$59,400

Glenn

58

57

 

61

 

$276,680

$1,510

$45,300

Kern

52

57

 

62

 

$327,250

$1,790

$53,700

Kings

62

70

 

72

 

$304,050

$1,660

$49,800

Madera

54

58

 

62

 

$357,120

$1,960

$58,800

Merced

55

59

 

61

 

$340,000

$1,860

$55,800

Placer

49

56

 

55

 

$616,250

$3,370

$101,100

Sacramento

49

55

 

56

 

$484,500

$2,650

$79,500

San Benito

39

48

 

48

 

$730,150

$4,000

$120,000

San Joaquin

48

55

 

55

 

$476,000

$2,610

$78,300

Stanislaus

51

56

 

59

 

$408,000

$2,230

$66,900

Tulare

54

60

 

62

 

$315,350

$1,730

$51,900

Far North

 

 

 

 

 

 

 

 

Butte

48

52

 

50

 

$395,250

$2,160

$64,800

Lassen

72

76

 

76

 

$221,000

$1,210

$36,300

Plumas

54

57

 

57

 

$360,400

$1,970

$59,100

Shasta

56

61

 

62

 

$335,750

$1,840

$55,200

Siskiyou

50

61

 

61

 

$311,100

$1,700

$51,000

Tehama

52

54

 

55

 

$295,380

$1,620

$48,600

Other Counties in California

 

 

 

 

 

 

 

 

Amador

55

60

 

59

 

$374,000

$2,050

$61,500

Calaveras

50

56

 

54

 

$425,000

$2,330

$69,900

Del Norte

51

51

 

52

 

$297,500

$1,630

$48,900

El Dorado

46

52

 

52

 

$612,000

$3,350

$100,500

Humboldt

45

50

 

50

 

$383,780

$2,100

$63,000

Lake

54

58

 

60

 

$296,650

$1,620

$48,600

Mariposa

44

51

 

56

 

$391,000

$2,140

$64,200

Mendocino

34

45

 

40

 

$493,000

$2,700

$81,000

Mono

18

20

 

23

 

$813,030

$4,450

$133,500

Nevada

46

52

 

51

 

$501,500

$2,750

$82,500

Sutter

54

59

 

59

 

$382,500

$2,090

$62,700

Tuolumne

54

58

 

62

 

$369,750

$2,020

$60,600

Yolo

42

47

 

48

 

$556,750

$3,050

$91,500

Yuba

49

52

 

56

 

$378,250

$2,070

$62,100

 

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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