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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  

 
STATE/REGION/COUNTY Q22018 Q12018 Q22017 Median Home Price Monthly Payment Including Taxes & Insurance Minimum Qualifying Income
CA SFH (SAAR) 45 50 47 $507,220 $2,710 $81,310
CA Condo/Townhomes 54 56 R 56 $406,120 $2,170 $65,100
Los Angeles Metropolitan Area 48 51 51
$450,500 $2,410 $72,220
Inland Empire 60 61 61 $306,000 $1,640 $49,050
S.F. Bay Area 34 41 39 $879,750 $4,700 $141,030
US 69 72 71 $228,650 $1,220 $36,650
S.F. Bay Area
Alameda 33 40 37 $850,000 $4,540 $136,260
Contra Costa 50 55 51 $590,750 $3,160 $94,700
Marin 28 30 30 $1,190,000 $6,360 $190,770
Napa 45 47 45 $601,160 $3,210 $96,370
San Francisco 22 22 22 $1,381,250 $7,380 $221,430
San Mateo 21 23 24 $1,402,500 $7,490 $224,830
Santa Clara 28 30 32 $1,194,250 $6,380 $191,450
Solano 59 61 63 $382,500 $2,040 $61,320
Sonoma 39 41 45 $590,750 $3,160 $94,700
Southern California
Los Angeles 44 45 46 $473,640 $2,530 $75,930
Orange 37 39 40 $705,500 $3,770 $113,100
Riverside 57 58 58 $344,250 $1,840 $55,190
San Bernardino 66 68 68 $246,500 $1,320 $39,520
San Diego 43 46 45 $548,250 $2,930 $87,890
Ventura 49 52 49 $569,500 $3,040 $91,300
Central Coast
Monterey 38 42 40 $549,950 $2,940 $88,160
San Luis Obispo 43 45 46 $525,720 $2,810 $84,280
Santa Barbara 39 41 33 $590,750 $3,160 $94,700
Santa Cruz 26 29 33 $769,250 $4,110 $123,320
Central Valley
Fresno 63 64 64 $228,130 $1,220 $36,570
Kern 69 71 70 $207,400 $1,110 $33,250
Kings 70 71 70 $199,750 $1,070 $32,020
Madera 71 68 64 $202,300 $1,080 $32,430
Merced 61 62 67 $225,250 $1,200 $36,110
Placer 60 63 62 $421,520 $2,250 $67,570
Sacramento 60 62 63 $317,900 $1,700 $50,960
San Benito 53 54 54 $485,350 $2,590 $77,810
San Joaquin 56 58 61 $317,370 $1,700 $50,880
Stanislaus 64 66 65 $267,750 $1,430 $42,920
Tulare 65 67 69 $198,050 $1,060 $31,750
Other Counties in California
Amador 62 63 60 $284,750 $1,520 $45,650
Butte 56 58 56 $272,000 $1,450 $43,600
Calaveras 61 63 66 $279,650 $1,490 $44,830
El Dorado 57 60 58 $446,250 $2,380 $71,540
Humboldt 52 55 55 $267,750 $1,430 $42,920
Lake County 54 57 55 $240,550 $1,290 $38,560
Lassen 77 80 79 $163,620 $870 $26,230
Mariposa 58 63 67
$272,000 $1,450 $43,600
Mendocino 41 43 45 $365,500 $1,950 $58,590
Mono 36 25 52 $530,820 $2,840 $85,100
Nevada 51 54 59 $369,750 $1,980 $59,270
Plumas 60 63 63 $252,450 $1,350 $40,470
Shasta 64 67 65 $225,680 $1,210 $36,180
Siskiyou 65 65 64 $176,380 $940 $28,270
Sutter 62 65 71 $254,960 $1,360 $40,870
Tehama 69 69 74 $183,520 $980 $29,420
Tuolumne 63 67 64 $262,220 $1,400 $42,040
Yolo 52 59 52 $399,080 $2,130 $63,980
Yuba 63 65 $62 $246,500 $1,320 $39,520

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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