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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

Q32022

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q32022

Q22022

 

Q32021

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

36

34

 

42

 

$705,300

$4,050

$121,500

CA Condo/Townhomes

48

46

 

55

 

$535,500

$3,070

$92,100

Los Angeles Metropolitan Area

37

36

 

44

 

$650,250

$3,730

$111,900

Inland Empire

46

46

 

55

 

$481,950

$2,770

$83,100

S.F. Bay Area

33

28

 

37

 

$1,075,250

$6,170

$185,100

US

59

58

 

66

r

$338,730

$1,940

$58,200

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

31

25

 

35

 

$1,071,000

$6,150

$184,500

Contra Costa

45

41

 

50

 

$753,310

$4,320

$129,600

Marin

25

24

 

32

 

$1,445,000

$8,290

$248,700

Napa

28

33

 

42

 

$935,000

$5,370

$161,100

San Francisco

28

25

 

29

 

$1,411,000

$8,100

$243,000

San Mateo

27

24

 

26

 

$1,641,350

$9,420

$282,600

Santa Clara

28

26

 

33

 

$1,434,800

$8,230

$246,900

Solano

54

54

 

62

 

$505,750

$2,900

$87,000

Sonoma

39

38

 

48

 

$701,250

$4,020

$120,600

Southern California

 

 

 

 

 

 

 

 

Los Angeles

29

33

 

35

 

$759,250

$4,360

$130,800

Orange

26

24

 

35

 

$1,020,000

$5,850

$175,500

Riverside

44

43

 

52

 

$522,750

$3,000

$90,000

San Bernardino

52

53

 

61

 

$408,000

$2,340

$70,200

San Diego

33

31

 

41

 

$765,000

$4,390

$131,700

Ventura

36

34

 

45

 

$753,950

$4,330

$129,900

Central Coast

 

 

 

 

 

 

 

 

Monterey

30

31

 

38

 

$722,500

$4,150

$124,500

San Luis Obispo

30

30

 

43

 

$743,750

$4,270

$128,100

Santa Barbara

25

22

 

32

 

$858,500

$4,930

$147,900

Santa Cruz

25

24

 

31

 

$1,066,750

$6,120

$183,600

Central Valley

 

 

 

 

 

 

 

 

Fresno

51

51

 

59

 

$348,500

$2,000

$60,000

Glenn

56

58

 

61

 

$284,750

$1,630

$48,900

Kern

53

52

 

62

 

$312,800

$1,790

$53,700

Kings

62

62

 

73

 

$284,750

$1,630

$48,900

Madera

55

54

 

62

 

$348,500

$2,000

$60,000

Merced

55

55

 

61

 

$335,750

$1,930

$57,900

Placer

52

49

 

57

 

$564,400

$3,240

$97,200

Sacramento

50

49

 

58

 

$454,750

$2,610

$78,300

San Benito

44

39

 

50

 

$658,750

$3,780

$113,400

San Joaquin

50

48

 

56

 

$442,000

$2,540

$76,200

Stanislaus

51

51

 

59

 

$391,000

$2,240

$67,200

Tulare

55

54

 

63

 

$301,750

$1,730

$51,900

Far North

 

 

 

 

 

 

 

 

Butte

50

48

 

52

 

$374,850

$2,150

$64,500

Lassen

73

72

 

80

 

$208,210

$1,190

$35,700

Plumas

50

54

 

57

 

$380,380

$2,180

$65,400

Shasta

58

56

 

62

 

$318,750

$1,830

$54,900

Siskiyou

50

50

 

59

 

$297,500

$1,710

$51,300

Tehama

56

52

 

56

 

$262,860

$1,510

$45,300

Other Counties in California

 

 

 

 

 

 

 

 

Amador

56

55

 

61

 

$356,150

$2,040

$61,200

Calaveras

54

50

 

56

 

$391,000

$2,240

$67,200

Del Norte

46

51

 

52

 

$325,930

$1,870

$56,100

El Dorado

50

46

 

55

 

$548,250

$3,150

$94,500

Humboldt

42

45

 

51

 

$399,500

$2,290

$68,700

Lake

53

54

 

60

 

$288,150

$1,650

$49,500

Mariposa

42

44

 

55

 

$381,650

$2,190

$65,700

Mendocino

36

34

 

42

 

$461,760

$2,650

$79,500

Mono

20

18

 

31

 

$722,500

$4,150

$124,500

Nevada

45

46

 

52

 

$492,530

$2,830

$84,900

Sutter

53

54

 

61

 

$378,250

$2,170

$65,100

Tuolumne

55

54

 

62

 

$348,500

$2,000

$60,000

Yolo

43

42

 

50

 

$539,750

$3,100

$93,000

Yuba

50

49

 

55

 

$366,780

$2,100

$63,000

 

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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