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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

Q32020

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q32020

Q22020

 

Q32019

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

45

50

 

48

 

$589,630

$2,920

$87,600

CA Condo/Townhomes

57

60

 

59

 

$435,200

$2,150

$64,500

Los Angeles Metropolitan Area

48

52

 

50

 

$518,500

$2,560

$76,800

Inland Empire

59

62

 

60

 

$369,750

$1,830

$54,900

S.F. Bay Area

41

44

 

46

 

$898,880

$4,450

$133,500

US

69

71

 

70

 

$266,480

$1,320

$39,600

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

39

41

 

43

 

$879,330

$4,350

$130,500

Contra Costa

51

55

 

57

 

$671,500

$3,320

$99,600

Marin

30

32

 

36

 

$1,309,000

$6,480

$194,400

Napa

45

51

 

47

 

$701,250

$3,470

$104,100

San Francisco

28

27

 

27

 

$1,415,250

$7,000

$210,000

San Mateo

26

27

 

30

 

$1,500,250

$7,420

$222,600

Santa Clara

36

36

 

38

 

$1,190,000

$5,890

$176,700

Solano

62

63

 

64

 

$425,000

$2,100

$63,000

Sonoma

48

50

 

48

 

$607,750

$3,010

$90,300

Southern California

 

 

 

 

 

 

 

 

Los Angeles

40

47

 

41

 

$602,540

$2,980

$89,400

Orange

39

42

 

43

 

$773,500

$3,830

$114,900

Riverside

56

59

 

58

 

$403,750

$2,000

$60,000

San Bernardino

67

69

 

67

 

$297,930

$1,470

$44,100

San Diego

44

48

 

48

 

$619,650

$3,070

$92,100

Ventura

46

50

 

50

 

$637,500

$3,150

$94,500

Central Coast

 

 

 

 

 

 

 

 

Monterey

36

44

 

43

 

$680,000

$3,360

$100,800

San Luis Obispo

47

49

 

47

 

$568,160

$2,810

$84,300

Santa Barbara

29

48

 

39

 

$829,180

$4,100

$123,000

Santa Cruz

31

38

 

37

 

$892,500

$4,410

$132,300

Central Valley

 

 

 

 

 

 

 

 

Fresno

64

65

 

64

 

$273,700

$1,350

$40,500

Glenn

63

60

 

NA

 

$241,830

$1,200

$36,000

Kern

65

66

 

66

 

$243,950

$1,210

$36,300

Kings

75

74

 

72

 

$227,380

$1,120

$33,600

Madera

66

68

 

68

 

$273,660

$1,350

$40,500

Merced

61

65

 

65

 

$272,290

$1,350

$40,500

Placer

60

62

 

65

 

$458,150

$2,270

$68,100

Sacramento

60

62

 

62

 

$365,420

$1,810

$54,300

San Benito

54

58

 

55

 

$565,250

$2,800

$84,000

San Joaquin

60

60

 

61

 

$359,550

$1,780

$53,400

Stanislaus

64

65

 

64

 

$314,500

$1,560

$46,800

Tulare

66

67

 

68

 

$233,750

$1,160

$34,800

Far North

 

 

 

 

 

 

 

 

Butte

52

54

 

53

 

$342,380

$1,690

$50,700

Lassen

76

79

 

77

 

$203,150

$1,000

$30,000

Plumas

56

67

 

61

 

$331,080

$1,640

$49,200

Shasta

66

67

 

64

 

$267,750

$1,320

$39,600

Siskiyou

66

69

 

66

 

$221,000

$1,090

$32,700

Tehama

64

69

 

63

 

$236,090

$1,170

$35,100

Other Counties in California

 

 

 

 

 

 

 

 

Amador

66

67

 

65

 

$301,750

$1,490

$44,700

Calaveras

62

63

 

64

 

$312,800

$1,550

$46,500

Del Norte

54

56

 

NA

 

$266,900

$1,320

$39,600

El Dorado

56

60

 

59

 

$484,500

$2,400

$72,000

Humboldt

57

59

 

54

 

$293,250

$1,450

$43,500

Lake

62

62

 

64

 

$262,650

$1,300

$39,000

Mariposa

53

60

 

61

 

$352,750

$1,740

$52,200

Mendocino

47

54

 

46

 

$419,050

$2,070

$62,100

Mono

34

35

 

36

 

$626,030

$3,100

$93,000

Nevada

56

60

 

59

 

$407,150

$2,010

$60,300

Sutter

64

66

 

63

 

$297,420

$1,470

$44,100

Tuolumne

67

68

 

65

 

$276,250

$1,370

$41,100

Yolo

53

58

 

55

 

$444,860

$2,200

$66,000

Yuba

66

67

 

65

 

$289,000

$1,430

$42,900

 

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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