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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

Q12019

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q12019

Q42018

 

Q12018

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

50

46

 

50

 

$463,950

$2,510

$75,160

CA Condo/Townhomes

58

55

 

56

 

$382,500

$2,070

$61,970

Los Angeles Metropolitan Area

51

49

 

51

 

$432,650

$2,340

$70,090

Inland Empire

60

59

 

61

 

$310,250

$1,680

$50,260

S.F. Bay Area

44

39

 

41

 

$752,250

$4,060

$121,870

US

72

70

 

72

 

$216,580

$1,170

$35,090

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

43

38

 

40

 

$735,250

$3,970

$119,110

Contra Costa

57

52

 

55

 

$535,500

$2,890

$86,750

Marin

34

30

 

30

 

$1,062,500

$5,740

$172,130

Napa

47

43

 

47

 

$571,630

$3,090

$92,610

San Francisco

26

24

 

22

 

$1,302,630

$7,030

$211,030

San Mateo

28

24

 

23

 

$1,304,750

$7,050

$211,380

Santa Clara

36

33

 

30

 

$1,037,000

$5,600

$168,000

Solano

64

59

 

61

 

$365,930

$1,980

$59,280

Sonoma

48

42

 

41

 

$537,630

$2,900

$87,100

Southern California

 

 

 

 

 

 

 

 

Los Angeles

45

42

 

45

 

$466,340

$2,520

$75,550

Orange

42

38

 

39

 

$680,000

$3,670

$110,160

Riverside

57

57

 

58

 

$347,650

$1,880

$56,320

San Bernardino

67

65

 

68

 

$254,960

$1,380

$41,300

San Diego

47

43

 

46

 

$527,000

$2,850

$85,380

Ventura

50

50

 

52

 

$535,710

$2,890

$86,790

Central Coast

 

 

 

 

 

 

 

 

Monterey

45

39

 

42

 

$497,250

$2,690

$80,560

San Luis Obispo

47

42

 

45

 

$511,700

$2,760

$82,900

Santa Barbara

44

45

R

41

 

$506,600

$2,740

$82,070

Santa Cruz

32

26

 

29

 

$767,130

$4,140

$124,280

Central Valley

 

 

 

 

 

 

 

 

Fresno

63

62

 

64

 

$231,630

$1,250

$37,520

Kern

67

69

 

71

 

$208,250

$1,120

$33,740

Kings

75

70

 

71

 

$191,210

$1,030

$30,980

Madera

69

66

 

68

 

$221,000

$1,190

$35,800

Merced

64

59

 

62

 

$233,750

$1,260

$37,870

Placer

64

61

 

63

 

$408,570

$2,210

$66,190

Sacramento

62

60

 

62

 

$306,000

$1,650

$49,570

San Benito

51

51

 

54

 

$518,500

$2,800

$83,900

San Joaquin

61

56

 

58

 

$310,250

$1,680

$50,260

Stanislaus

65

63

 

66

 

$266,900

$1,440

$43,240

Tulare

68

64

 

67

 

$197,200

$1,060

$31,950

Other Counties in California

 

 

 

 

 

 

 

 

Amador

-

-

 

63

 

-

-

-

Butte

50

53

 

58

 

$306,940

$1,660

$49,730

Calaveras

63

62

 

63

 

$272,000

$1,470

$44,070

El Dorado

59

61

 

60

 

$415,650

$2,240

$67,340

Humboldt

54

53

 

55

 

$265,630

$1,430

$43,030

Lake County

62

57

 

57

 

$216,750

$1,170

$35,110

Lassen

76

79

 

80

 

$167,450

$900

$27,130

Mariposa

60

57

 

63

 

$263,500

$1,420

$42,690

Mendocino

46

41

 

43

 

$327,680

$1,770

$53,090

Mono

28

34

 

25

 

$658,750

$3,560

$106,720

Nevada

58

54

 

54

 

$342,130

$1,850

$55,430

Plumas

64

60

 

63

 

$238,000

$1,290

$38,560

Shasta

62

63

 

67

 

$241,400

$1,300

$39,110

Siskiyou

69

67

 

65

 

$169,580

$920

$27,470

Sutter

63

61

 

65

 

$250,750

$1,350

$40,620

Tehama

60

66

 

69

 

$218,880

$1,180

$35,460

Tuolumne

62

66

 

67

 

$258,830

$1,400

$41,930

Yolo

56

55

 

59

 

$367,630

$1,990

$59,560

Yuba

64

62

 

65

 

$245,650

$1,330

$39,800

 

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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