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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

Q32021

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q32021

Q22021

 

Q32020

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

42

40

 

45

 

$692,390

$3,260

$97,800

CA Condo/Townhomes

55

54

 

57

 

$510,000

$2,400

$72,000

Los Angeles Metropolitan Area

44

43

 

48

 

$620,500

$2,920

$87,600

Inland Empire

55

54

 

59

 

$445,400

$2,090

$62,700

S.F. Bay Area

37

34

 

41

 

$1,098,410

$5,160

$154,800

US

67

66

 

69

 

$309,150

$1,450

$43,500

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

35

33

 

39

 

$1,105,000

$5,200

$156,000

Contra Costa

50

43

 

51

 

$769,250

$3,620

$108,600

Marin

32

30

 

30

 

$1,423,750

$6,690

$200,700

Napa

42

42

 

45

 

$790,500

$3,720

$111,600

San Francisco

29

26

 

28

 

$1,547,000

$7,270

$218,100

San Mateo

26

24

 

26

 

$1,700,000

$7,990

$239,700

Santa Clara

33

30

 

36

 

$1,402,500

$6,590

$197,700

Solano

62

60

 

62

 

$493,000

$2,320

$69,600

Sonoma

48

45

 

48

 

$650,250

$3,060

$91,800

Southern California

 

 

 

 

 

 

 

 

Los Angeles

35

39

 

40

 

$731,740

$3,440

$103,200

Orange

35

32

 

39

 

$935,000

$4,400

$132,000

Riverside

52

51

 

56

 

$484,500

$2,280

$68,400

San Bernardino

61

61

 

67

 

$371,880

$1,750

$52,500

San Diego

41

39

 

44

 

$722,500

$3,400

$102,000

Ventura

45

42

 

46

 

$705,500

$3,320

$99,600

Central Coast

 

 

 

 

 

 

 

 

Monterey

38

34

 

36

 

$703,160

$3,310

$99,300

San Luis Obispo

43

40

 

47

 

$656,630

$3,090

$92,700

Santa Barbara

32

26

 

29

 

$862,750

$4,060

$121,800

Santa Cruz

31

28

 

31

 

$1,020,850

$4,800

$144,000

Central Valley

 

 

 

 

 

 

 

 

Fresno

59

59

 

64

 

$318,750

$1,500

$45,000

Glenn

61

61

 

63

 

$276,250

$1,300

$39,000

Kern

62

62

 

65

 

$282,200

$1,330

$39,900

Kings

73

72

 

75

 

$267,750

$1,260

$37,800

Madera

62

62

 

66

 

$321,300

$1,510

$45,300

Merced

61

61

 

61

 

$310,250

$1,460

$43,800

Placer

57

55

 

60

 

$552,500

$2,600

$78,000

Sacramento

58

56

 

60

 

$435,160

$2,050

$61,500

San Benito

50

48

 

54

 

$661,730

$3,110

$93,300

San Joaquin

56

55

 

60

 

$435,200

$2,050

$61,500

Stanislaus

59

59

 

64

 

$369,750

$1,740

$52,200

Tulare

63

62

 

66

 

$273,700

$1,290

$38,700

Far North

 

 

 

 

 

 

 

 

Butte

52

50

 

52

 

$375,490

$1,770

$53,100

Lassen

80

76

 

76

 

$182,750

$860

$25,800

Plumas

57

57

 

56

 

$359,550

$1,690

$50,700

Shasta

62

62

 

66

 

$318,750

$1,500

$45,000

Siskiyou

59

61

 

66

 

$281,780

$1,320

$39,600

Tehama

56

55

 

64

 

$296,650

$1,390

$41,700

Other Counties in California

 

 

 

 

 

 

 

 

Amador

61

59

 

66

 

$361,250

$1,700

$51,000

Calaveras

56

54

 

62

 

$403,750

$1,900

$57,000

Del Norte

52

52

 

54

 

$325,130

$1,530

$45,900

El Dorado

55

52

 

56

 

$561,000

$2,640

$79,200

Humboldt

51

50

 

57

 

$357,000

$1,680

$50,400

Lake

60

60

 

62

 

$299,200

$1,410

$42,300

Mariposa

55

56

 

53

 

$359,250

$1,690

$50,700

Mendocino

42

40

 

47

 

$470,900

$2,210

$66,300

Mono

31

23

 

34

 

$714,850

$3,360

$100,800

Nevada

52

51

 

56

 

$476,850

$2,240

$67,200

Sutter

61

59

 

64

 

$344,250

$1,620

$48,600

Tuolumne

62

62

 

67

 

$331,080

$1,560

$46,800

Yolo

50

48

 

53

 

$510,000

$2,400

$72,000

Yuba

55

56

 

66

 

$349,350

$1,640

$49,200

 

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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