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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

Q42018

First Time Buyer Houisng Affordability Index

STATE/REGION/COUNTY

Q42018

Q32018

 

Q42017

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

46

45

 

47

 

$479,630

$2,640

$79,200

CA Condo/Townhomes

55

54

 

56

 

$391,000

$2,150

$64,560

Los Angeles Metropolitan Area

49

48

 

50

 

$433,500

$2,390

$71,580

Inland Empire

59

59

 

61

 

$306,000

$1,680

$50,530

S.F. Bay Area

39

38

 

39

 

$773,500

$4,260

$127,720

US

70

69

 

71

 

$218,960

$1,210

$36,150

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

38

35

 

38

 

$756,500

$4,160

$124,910

Contra Costa

52

52

 

54

 

$542,300

$2,980

$89,540

Marin

30

31

 

31

 

$1,115,620

$6,140

$184,210

Napa

43

43

 

46

 

$606,900

$3,340

$100,210

San Francisco

24

22

 

20

 

$1,279,250

$7,040

$211,230

San Mateo

24

22

 

24

 

$1,291,060

$7,110

$213,180

Santa Clara

33

32

 

30

 

$1,062,500

$5,850

$175,440

Solano

59

58

 

63

 

$369,750

$2,040

$61,050

Sonoma

42

41

 

43

 

$544,000

$2,990

$89,830

Southern California

 

 

 

 

 

 

 

 

Los Angeles

42

39

 

43

 

$489,680

$2,700

$80,860

Orange

38

37

 

40

 

$679,150

$3,740

$112,140

Riverside

57

57

 

57

 

$340,000

$1,870

$56,140

San Bernardino

65

65

 

67

 

$250,750

$1,380

$41,400

San Diego

43

42

 

45

 

$532,060

$2,930

$87,850

Ventura

50

49

 

48

 

$551,650

$3,040

$91,090

Central Coast

 

 

 

 

 

 

 

 

Monterey

39

39

 

40

 

$522,750

$2,880

$86,320

San Luis Obispo

42

41

 

44

 

$527,550

$2,900

$87,110

Santa Barbara

51

45

 

35

 

$437,710

$2,410

$72,270

Santa Cruz

26

25

 

33

 

$752,250

$4,140

$124,210

Central Valley

 

 

 

 

 

 

 

 

Fresno

62

62

 

63

 

$228,650

$1,260

$37,750

Kern

69

68

 

70

 

$204,000

$1,120

$33,680

Kings

70

70

 

69

 

$196,350

$1,080

$32,420

Madera

66

67

 

67

 

$224,400

$1,240

$37,050

Merced

59

59

 

67

 

$230,310

$1,270

$38,030

Placer

61

61

 

63

 

$403,750

$2,220

$66,670

Sacramento

60

60

 

61

 

$308,550

$1,700

$50,950

San Benito

51

50

 

52

 

$498,100

$2,740

$82,250

San Joaquin

56

56

 

59

 

$310,250

$1,710

$51,230

Stanislaus

63

63

 

64

 

$265,620

$1,460

$43,860

Tulare

64

64

 

69

 

$199,750

$1,100

$32,980

Other Counties in California

 

 

 

 

 

 

 

 

Amador

-

-

 

61

 

-

-

-

Butte

53

56

 

56

 

$288,580

$1,580

$47,490

Calaveras

62

60

 

67

 

$267,750

$1,470

$44,020

El Dorado

61

60

 

60

 

$402,900

$2,210

$66,230

Humboldt

53

52

 

53

 

$263,500

$1,440

$43,270

Lake County

57

57

 

52

 

$220,150

$1,200

$36,110

Lassen

79

79

 

79

 

$148,750

$810

$24,370

Mariposa

57

59

 

65

 

$273,910

$1,500

$44,880

Mendocino

41

41

 

46

 

$357,000

$1,950

$58,430

Mono

34

31

 

44

 

$544,000

$2,960

$88,950

Nevada

54

51

 

58

 

$335,750

$1,830

$54,840

Plumas

60

61

 

62

 

$244,380

$1,330

$39,870

Shasta

63

62

 

65

 

$227,380

$1,240

$37,180

Siskiyou

67

64

 

67

 

$165,750

$900

$27,070

Sutter

61

62

 

70

 

$259,250

$1,410

$42,300

Tehama

66

68

 

73

 

$199,750

$1,090

$32,560

Tuolumne

66

61

 

65

 

$236,730

$1,280

$38,540

Yolo

55

54

 

51

 

$367,200

$1,990

$59,790

Yuba

62

65

 

61

 

$247,350

$1,340

$40,230

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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