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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

Q32018

First Time Buyer Houisng Affordability Index

STATE/REGION/COUNTY

Q32018

Q22018

 

Q32017

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

45

45

 

47

 

$500,250

$2,700

$81,120

CA Condo/Townhomes

54

54

 

56

 

$407,480

$2,200

$66,080

Los Angeles Metropolitan Area

48

48

 

49

 

$447,100

$2,420

$72,500

Inland Empire

59

60

 

61

 

$308,120

$1,670

$49,970

S.F. Bay Area

38

34

 

41

 

$807,500

$4,360

$130,940

US

69

69

 

71

 

$226,860

$1,230

$36,790

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

35

33

 

38

 

$807,500

$4,360

$130,940

Contra Costa

52

50

 

53

 

$561,000

$3,030

$90,970

Marin

31

28

 

32

 

$1,105,000

$5,970

$179,190

Napa

43

45

 

47

 

$620,080

$3,350

$100,550

San Francisco

22

22

 

24

 

$1,360,000

$7,350

$220,540

San Mateo

22

21

 

25

 

$1,360,000

$7,350

$220,540

Santa Clara

32

28

 

33

 

$1,105,000

$5,970

$179,190

Solano

58

59

 

63

 

$386,750

$2,090

$62,720

Sonoma

41

39

 

45

 

$561,000

$3,030

$90,970

Southern California

 

 

 

 

 

 

 

 

Los Angeles

39

44

 

40

 

$534,600

$2,890

$86,690

Orange

37

37

 

40

 

$705,500

$3,810

$114,400

Riverside

57

57

 

57

 

$344,250

$1,860

$55,820

San Bernardino

65

66

 

68

 

$250,660

$1,350

$40,650

San Diego

42

43

 

45

 

$552,500

$2,990

$89,590

Ventura

49

49

 

49

 

$565,250

$3,060

$91,660

Central Coast

 

 

 

 

 

 

 

 

Monterey

39

38

 

41

 

$528,700

$2,860

$85,730

San Luis Obispo

41

43

 

43

 

$544,000

$2,940

$88,220

Santa Barbara

45

39

 

39

 

$509,580

$2,750

$82,630

Santa Cruz

25

26

 

34

 

$767,550

$4,150

$124,470

Central Valley

 

 

 

 

 

 

 

 

Fresno

62

63

 

63

 

$233,800

$1,260

$37,910

Kern

68

69

 

70

 

$209,100

$1,130

$33,910

Kings

70

70

 

70

 

$195,500

$1,060

$31,700

Madera

67

67

R

63

R

$221,000

$1,190

$35,840

Merced

59

61

 

66

 

$234,870

$1,270

$38,090

Placer

61

60

 

63

 

$408,000

$2,210

$66,160

Sacramento

60

60

 

61

 

$314,500

$1,700

$51,000

San Benito

50

53

 

53

 

$518,500

$2,800

$84,080

San Joaquin

56

56

 

59

 

$314,500

$1,700

$51,000

Stanislaus

63

64

 

64

 

$271,920

$1,470

$44,090

Tulare

64

65

 

68

 

$203,920

$1,100

$33,070

Other Counties in California

 

 

 

 

 

 

 

 

Amador

 

 

 

 

 

 

 

 

Butte

56

56

 

57

 

$267,750

$1,450

$43,420

Calaveras

60

61

 

63

 

$283,010

$1,530

$45,890

El Dorado

60

57

 

59

 

$416,080

$2,250

$67,470

Humboldt

52

52

 

53

 

$267,750

$1,450

$43,420

Lake County

57

54

 

55

 

$226,310

$1,220

$36,700

Lassen

79

77

 

78

 

$148,750

$800

$24,120

Mariposa

59

58

 

68

R

$267,750

$1,450

$43,420

Mendocino

41

41

 

46

 

$357,000

$1,930

$57,890

Mono

31

36

 

46

 

$573,750

$3,100

$93,040

Nevada

51

51

 

59

 

$365,080

$1,970

$59,200

Plumas

61

60

 

63

 

$239,700

$1,300

$38,870

Shasta

62

64

 

66

 

$233,750

$1,260

$37,900

Siskiyou

64

65

 

66

 

$182,070

$980

$29,520

Sutter

62

62

 

70

 

$253,720

$1,370

$41,140

Tehama

68

69

 

73

 

$190,360

$1,030

$30,870

Tuolumne

61

63

 

64

 

$270,300

$1,460

$43,830

Yolo

54

52

 

51

 

$382,500

$2,070

$62,030

Yuba

65

63

 

$62

 

$229,500

$1,240

$37,220

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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