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Housing Affordability Index - Traditional

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C.A.R.’s Housing Affordability Index (HAI) measures the percentage of households that can afford to purchase a median-priced, single-family home in California. C.A.R. also reports affordability indices for regions and select counties within the state. The index is considered the most fundamental measure of housing well-being for home buyers in the state.

 

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Click here for the latest 2022 Housing Affordability by Ethnicity

Traditional Housing Affordability Index Methodology

Traditional Housing Affordability Indices (HAI) were calculated based on the following effective composite interest rates: 6.48%% (Q123), 6.80%% (Q422), and 3.97%% (Q122).

Q22023

C.A.R. Traditional Housing Affordability Index

STATE/REGION/COUNTY

Q22023

Q12023

 

Q22022

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

16

19

r

17

r

$830,620

$5,200

$208,000

CA Condo/Townhomes

25

26

 

25

 

$640,000

$4,010

$160,400

Los Angeles Metropolitan Area

17

19

 

17

 

$760,000

$4,760

$190,400

Inland Empire

22

24

 

24

 

$570,000

$3,570

$142,800

S.F. Bay Area

19

21

 

18

 

$1,300,000

$8,150

$326,000

US

36

40

 

38

 

$402,600

$2,520

$100,800

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

16

18

 

15

 

$1,275,000

$7,990

$319,600

Contra Costa

23

29

r

23

r

$900,000

$5,640

$225,600

Marin

16

20

 

17

 

$1,770,000

$11,090

$443,600

Napa

19

20

 

16

r

$855,000

$5,360

$214,400

San Francisco

20

21

 

17

 

$1,611,000

$10,090

$403,600

San Mateo

17

19

 

15

 

$2,012,500

$12,610

$504,400

Santa Clara

18

21

 

18

 

$1,800,000

$11,280

$451,200

Solano

26

28

 

28

 

$592,750

$3,710

$148,400

Sonoma

16

18

 

17

 

$850,000

$5,330

$213,200

Southern California

 

 

 

 

 

 

 

 

Los Angeles

15

17

 

16

 

$789,400

$4,950

$198,000

Orange

12

12

 

12

 

$1,250,000

$7,830

$313,200

Riverside

20

22

 

21

 

$625,000

$3,920

$156,800

San Bernardino

30

30

 

30

 

$456,500

$2,860

$114,400

San Diego

13

15

 

14

 

$942,350

$5,900

$236,000

Ventura

14

17

 

15

 

$915,000

$5,730

$229,200

Central Coast

 

 

 

 

 

 

 

 

Monterey

12

12

 

13

 

$865,370

$5,420

$216,800

San Luis Obispo

11

12

 

12

 

$880,000

$5,510

$220,400

Santa Barbara

10

15

 

10

 

$1,195,000

$7,490

$299,600

Santa Cruz

13

14

 

13

 

$1,270,000

$7,960

$318,400

Central Valley

 

 

 

 

 

 

 

 

Fresno

29

32

 

31

 

$420,000

$2,630

$105,200

Glenn

32

32

 

36

 

$349,000

$2,190

$87,600

Kern

31

33

 

32

 

$380,000

$2,380

$95,200

Kings

32

33

 

39

 

$361,000

$2,260

$90,400

Madera

31

34

 

32

 

$423,000

$2,650

$106,000

Merced

31

32

 

34

 

$390,000

$2,440

$97,600

Placer

29

31

r

27

 

$667,000

$4,180

$167,200

Sacramento

26

29

 

27

 

$530,000

$3,320

$132,800

San Benito

19

23

 

17

 

$755,140

$4,730

$189,200

San Joaquin

26

27

r

25

r

$530,000

$3,320

$132,800

Stanislaus

27

30

r

28

 

$460,000

$2,880

$115,200

Tulare

33

37

 

34

 

$370,000

$2,320

$92,800

Far North

 

 

 

 

 

 

 

 

Butte

29

32

 

28

 

$434,950

$2,730

$109,200

Lassen

52

53

 

54

 

$249,000

$1,560

$62,400

Plumas

38

42

 

32

 

$356,000

$2,230

$89,200

Shasta

35

39

 

36

 

$389,000

$2,440

$97,600

Siskiyou

39

41

 

30

 

$279,500

$1,750

$70,000

Tehama

35

40

 

33

 

$350,000

$2,190

$87,600

Other Counties in California

 

 

 

 

 

 

 

 

Amador

28

33

r

32

 

$461,890

$2,890

$115,600

Calaveras

27

32

 

29

 

$490,000

$3,070

$122,800

Del Norte

30

32

 

31

 

$365,000

$2,290

$91,600

El Dorado

23

28

 

24

 

$699,000

$4,380

$175,200

Humboldt

25

26

 

24

 

$438,000

$2,740

$109,600

Lake

28

31

 

33

 

$357,000

$2,240

$89,600

Mariposa

24

25

 

22

 

$390,000

$2,440

$97,600

Mendocino

17

26

 

15

 

$520,000

$3,260

$130,400

Mono

5

7

 

6

 

$980,000

$6,140

$245,600

Nevada

25

29

 

25

 

$557,500

$3,490

$139,600

Sutter

33

36

r

31

 

$425,000

$2,660

$106,400

Tuolumne

32

36

 

33

 

$418,300

$2,620

$104,800

Yolo

23

28

 

23

 

$625,000

$3,920

$156,800

Yuba

26

28

 

28

r

$444,950

$2,790

$111,600

 

 

 

Source: CALIFORNIA ASSOCIATION OF REALTORS®

 


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