×
Industry 360°

Housing Market Forecast

Following modest gains in home sales in 2017, California’s housing market will post a nominal increase in 2018.


Data & Statistics

View the latest sales and price numbers. Find out where sales will be in upcoming months.


Housing Matters Podcast

The all-new Housing Matters Podcast is your housing hub for market analysis, economic trends, and housing news.


Stay Connected

Stay connected with the latest releases by subscribing to the products and services that interest you.


Interactive Market Stats

Gain insights on California's housing market through interactive dashboards. Select your metrics and see where the data takes you.


Speeches & Presentations

From outreaches to webinars, the Research and Economics team is sharing their insight on the market and the economy.


Surveys & Reports

Californians are surveyed annually to gain insights on the housing market from their persepective.


Market Minute - July 5, 2018

Get a roundup of weekly economic and market news that matters to real estate and your business.


Model MLS Rules/Materials

California Model MLS Rules, Issues Briefing Papers, and other articles and materials related to MLS policy.


Code of Ethics Violators

Summaries and photos of California REALTORS® who violated the Code of Ethics and were disciplined with a fine, letter of reprimand, suspension, or expulsion.


Statewide MLS Initiative

An explanation of C.A.R.'s position on MLS consolidations in general and a statewide MLS in particular.


NAR Code of Ethics

The most recent edition of the Code of Ethics and Standards of Practice of the National Association of REALTORS®.


Professional Standards Materials

The California Professional Standards Reference Manual, Local Association Forms, Interboard Arbitration Rules, and other materials related to Code of Ethics enforcement and arbitration.


Legislation

C.A.R. advocates for REALTOR® issues in Washington D.C., Sacramento and in city and county governments throughout California.


PACs and RAF

CREPAC, LCRC, IMPAC, ALF and the RAF comprise C.A.R.'s political fundraising arm.


Politics and You

Learn how you can make a difference, by getting involved yourself or by passing along valuable information to your clients.


Recent Legal Developments

Summaries of legislation and regulation effecting REALTORS® and updates on news relevant to REALTORS®.


Real Estate Cases and Other Legal Resources

Important industry cases, resources and information


Miscellaneous/Contacts

Current legal developoments, C.A.R. legal products and services.


CLOSE

Housing Affordability Index - First-Time Buyer

What is This?
Add a quick link to this page from the Homepage when you are signed in
Share Article

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 2018-Q1 2017 Q4 2017 Q1 Median Home Price Monthly Payment Including Taxes & Insurance Minimum Qualifying Income
CA SFH (SAAR) 50 47 51 $457,840 $2,400 $72,140
CA Condo/Townhomes 57 56 R 58 $382,260 $2,010 $60,230
Los Angeles Metropolitan Area 51 50 53 $425,000 $2,230 $66,960
Inland Empire 61 61 63 $297,500 $1,560 $46,870
S.F. Bay Area 41 39 45 $765,000 $4,020 $120,530
US 72 71 73 $208,680 $1,100 $32,880
S.F. Bay Area
Alameda 40 38 41 $743,750 $3,910 $117,180
Contra Costa 55 54 57 $522,750 $2,750 $82,360
Marin 30 31 32 $1,156,000 $6,070 $182,140
Napa 47 46 46 $577,150 $3,030 $90,930
San Francisco 22 20 25 $1,368,500 $7,190 $215,620
San Mateo 23 24 29 $1,338,790 $7,030 $210,940
Santa Clara 30 30 37 $1,167,050 $6,130 $183,880
Solano 61 63 65 $365,500 $1,920 $57,590
Sonoma 41 43 46 $578,850 $3,040 $91,200
Southern California
Los Angeles 45 43 48 $463,710 $2,440 $73,060
Orange 39 40 42 $688,500 $3,620 $108,480
Riverside 58 57 60 $337,450 $1,770 $53,170
San Bernardino 68 67 70 $236,720 $1,240 $37,300
San Diego 46 45 48 $518,500 $2,720 $81,690
Ventura 52 48 51 R $540,180 $2,840 $85,110
Central Coast
Monterey 42 40 43 $501,500 $2,630 $79,020
San Luis Obispo 45 44 47 $506,940 $2,660 $79,870
Santa Barbara 41 35 31 $573,750 $3,010 $90,400
Santa Cruz 29 33 35 $722,500 $3,790 $113,840
Central Valley
Fresno 64 63 66 $219,300 $1,150 $34,550
Kern 71 70 72 $196,780 $1,030 $31,000
Kings 71 69 71 $197,200 $1,040 $31,070
Madera 68 67 R 67 $216,750 $1,140 $34,150
Merced 62 67 70 $223,120 $1,170 $35,160
Placer 63 63 64 $395,250 $2,080 $62,270
Sacramento 62 61 65 $301,750 $1,580 $47,540
San Benito 54 52 54 $476,000 $2,500 $75,000
San Joaquin 58 59 63 $308,120 $1,620 $48,550
Stanislaus 66 64 66 $255,000 $1,340 $40,180
Tulare 67 69 70 $191,250 $1,000 $30,130
Other Counties in California
Amador 63 61 64 $281,140 $1,480 $44,300
Butte 58 56 59 $260,950 $1,370 $41,110
Calaveras 63 67 $267,750 $1,410 $42,190
El Dorado 60 60 62 $415,650 $2,180 $65,490
Humboldt 55 53 55 $255,040 $1,340 $40,180
Lake County 57 52 60 $226,480 $1,190 $35,680
Lassen 80 79 $145,350 $760 $22,900
Mariposa 63 65 64 R $248,620 $1,310 $39,170
Mendocino 43 46 45 $350,620 $1,840 $55,240
Mono 25 44 $663,000 $3,480 $104,460
Nevada 54 58 $340,000 $1,790 $53,570
Plumas 72 62 $230,350 $1,210 $36,290
Shasta 67 65 68 $212,420 $1,120 $33,470
Siskiyou 65 67 65 $178,500 $940 $28,120
Sutter 65 70 72 $240,300 $1,260 $37,860
Tehama 69 73 73 $186,150 $980 $29,330
Tuolumne 67 65 65 $238,000 $1,250 $37,500
Yolo 59 51 55 $340,000 $1,790 $53,570
Yuba 65 61 $64 $229,460 $1,210 $36,150

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.


FEEDBACK
Top Searches