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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

Q2-2019

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q2-2019

Q1-2019

 

Q2-2018

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

47

50

 

45

 

$517,360

$2,740

$82,130

CA Condo/Townhomes

57

58

 

54

 

$403,750

$2,140

$64,100

Los Angeles Metropolitan Area

49

51

 

48

 

$459,000

$2,430

$72,870

Inland Empire

59

60

 

60

 

$323,000

$1,710

$51,280

S.F. Bay Area

41

44

 

34

 

$833,000

$4,410

$132,240

US

69

72

 

72

r

$237,660

$1,260

$37,730

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

40

43

 

33

 

$807,500

$4,270

$128,190

Contra Costa

54

57

 

50

 

$586,500

$3,100

$93,110

Marin

32

34

 

28

 

$1,174,060

$6,210

$186,380

Napa

46

47

 

45

 

$603,500

$3,190

$95,810

San Francisco

24

26

 

22

 

$1,445,000

$7,650

$229,400

San Mateo

26

28

 

21

 

$1,425,880

$7,540

$226,360

Santa Clara

34

36

 

28

 

$1,130,500

$5,980

$179,470

Solano

64

64

 

59

 

$378,250

$2,000

$60,050

Sonoma

47

48

 

39

 

$561,000

$2,970

$89,060

Southern California

 

 

 

 

 

 

 

 

Los Angeles

45

45

 

44

 

$481,960

$2,550

$76,510

Orange

41

42

 

37

 

$709,750

$3,760

$112,670

Riverside

57

57

 

57

 

$357,000

$1,890

$56,670

San Bernardino

66

67

 

66

 

$263,500

$1,390

$41,830

San Diego

46

47

 

43

 

$556,750

$2,950

$88,380

Ventura

50

50

 

49

 

$552,500

$2,920

$87,710

Central Coast

 

 

 

 

 

 

 

 

Monterey

43

45

 

38

 

$535,500

$2,830

$85,010

San Luis Obispo

45

47

 

43

 

$544,000

$2,880

$86,360

Santa Barbara

36

44

 

39

 

$615,820

$3,260

$97,760

Santa Cruz

32

32

 

26

 

$796,880

$4,220

$126,500

Central Valley

 

 

 

 

 

 

 

 

Fresno

63

63

 

63

 

$237,930

$1,260

$37,770

Kern

66

67

 

69

 

$216,750

$1,150

$34,410

Kings

72

75

 

70

 

$212,500

$1,120

$33,740

Madera

68

69

 

67

 

$235,450

$1,250

$37,380

Merced

64

64

 

61

 

$239,700

$1,270

$38,050

Placer

62

64

 

60

 

$437,710

$2,320

$69,490

Sacramento

61

62

 

60

 

$327,250

$1,730

$51,950

San Benito

55

51

 

53

 

$485,780

$2,570

$77,030

San Joaquin

60

61

 

56

 

$323,000

$1,710

$51,280

Stanislaus

64

65

 

64

 

$276,460

$1,460

$43,890

Tulare

67

68

 

65

 

$210,380

$1,110

$33,400

Other Counties in California

 

 

 

 

 

 

 

 

Amador

NA

NA

 

NA

 

NA

NA

NA

Butte

50

50

 

56

 

$314,500

$1,660

$49,930

Calaveras

61

63

 

61

 

$291,550

$1,540

$46,280

El Dorado

57

59

 

57

 

$441,580

$2,340

$70,100

Humboldt

54

54

 

52

 

$272,000

$1,440

$43,180

Lake County

62

62

 

54

 

$226,950

$1,200

$36,030

Lassen

76

76

 

77

 

$173,400

$920

$27,530

Mariposa

62

60

 

58

 

$255,000

$1,350

$40,480

Mendocino

46

46

 

41

 

$340,000

$1,800

$53,980

Mono

34

28

 

36

 

$594,580

$3,150

$94,390

Nevada

57

58

 

51

 

$356,150

$1,880

$56,540

Plumas

55

64

 

60

 

$312,280

$1,650

$49,580

Shasta

64

62

 

64

 

$238,850

$1,260

$37,920

Siskiyou

64

69

 

65

 

$197,620

$1,050

$31,370

Sutter

62

63

 

62

 

$265,620

$1,410

$42,170

Tehama

64

60

 

69

 

$207,400

$1,100

$32,920

Tuolumne

64

62

 

63

 

$255,000

$1,350

$40,480

Yolo

55

56

 

52

 

$386,750

$2,050

$61,400

Yuba

63

64

 

63

 

$259,250

$1,370

$41,160

 

 

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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