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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  


STATE/REGION/COUNTY Q4-2017 Q3-2017 Q4-2016 Median Home
Price
Monthly Payment Including Taxes & Insurance Minimum
Qualifying Income
CA SFH (SAAR) 47 47 50 $468,340 $2,390 $71,680
CA Condo/Townhomes 55 56 58 $382,260 $1,950 $58,500
Los Angeles Metropolitan Area 50 49 53 r $421,810 $2,150 $64,560
Inland Empire 61 61 64 $289,000 $1,470 $44,230
S.F. Bay Area 39 41 44 $760,750 $3,880 $116,430
US 71 71 73 $210,630 $1,070 $32,240
S.F. Bay Area
Alameda 38 38 40 r $737,160 $3,760 $112,820
Contra Costa 54 53 58 $520,200 $2,650 $79,610
Marin 31 32 35 $1,062,500 $5,420 $162,610
Napa 46 47 47 $573,750 $2,930 $87,810
San Francisco 20 24 25 $1,276,280 $6,510 $195,330
San Mateo 24 25 28 $1,275,000 $6,500 $195,130
Santa Clara 30 33 40 $1,079,500 $5,510 $165,210
Solano 63 63 64 $352,750 $1,800 $53,990
Sonoma 43 45 45 $556,750 $2,840 $85,210
Southern California
Los Angeles 43 40 46 $470,330 $2,400 $71,980
Orange 40 40 42 $667,250 $3,400 $102,120
Riverside 57 57 60 $327,250 $1,670 $50,080
San Bernardino 67 68 71 $234,810 $1,200 $35,940
San Diego 45 45 46 $518,500 $2,650 $79,350
Ventura 48 49 54 r $544,000 $2,780 $83,260
Central Coast
Monterey 40 41 48 $509,960 $2,600 $78,050
San Luis Obispo 44 43 46 $505,180 $2,580 $77,310
Santa Barbara 35 39 40 $603,500 $3,080 $92,360
Santa Cruz 33 34 35 $726,750 $3,710 $111,230
Central Valley
Fresno 63 63 66 $220,920 $1,130 $33,810
Kern 70 70 71 $198,260 $1,010 $30,340
Kings 69 70 73 $191,250 $980 $29,270
Madera 66 61 68 r $207,360 $1,060 $31,740
Merced 67 66 66 $212,500 $1,080 $32,520
Placer 63 63 65 $385,690 $1,970 $59,030
Sacramento 61 61 64 $297,420 $1,520 $45,520
San Benito 52 53 56 $469,200 $2,390 $71,810
San Joaquin 59 59 62 $297,460 $1,520 $45,520
Stanislaus 64 64 65 $253,510 $1,290 $38,800
Tulare 69 68 66 $187,000 $950 $28,620
Other Counties in California
Amador 61 62 67 $276,250 $1,410 $42,170
Butte 56 57 58 $262,230 $1,330 $39,980
El Dorado 60 59 57 $386,750 $1,960 $58,900
Humboldt 54 53 58 $263,930 $1,340 $40,140
Lake 52 55 60 $225,250 $1,140 $34,220
Mariposa And Tuolumne 65 64 69 $247,990 $1,250 $37,630
Mendocino 46 46 50 $331,080 $1,670 $50,170
Shasta 66 66 64 $216,750 $1,090 $32,810
Siskiyou 67 66 69 $168,730 $850 $25,510
Sutter 71 70 70 $233,750 $1,180 $35,300
Tehama 73 73 76 $178,500 $900 $26,920
Yolo 52 51 55 $369,710 $1,860 $55,690
Yuba 62 62 63 $231,630 $1,160 $34,850


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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