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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

Q42022

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q42022

Q32022

 

Q42021

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

34

36

 

44

 

$671,520

$4,270

$128,100

CA Condo/Townhomes

46

48

 

54

 

$518,500

$3,290

$98,700

Los Angeles Metropolitan Area

35

37

 

46

 

$619,650

$3,940

$118,200

Inland Empire

45

46

 

55

 

$459,000

$2,920

$87,600

S.F. Bay Area

32

33

 

39

 

$1,019,150

$6,470

$194,100

US

57

59

 

67

 

$321,900

$2,040

$61,200

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

30

31

 

37

 

$990,250

$6,290

$188,700

Contra Costa

44

45

 

53

 

$714,000

$4,540

$136,200

Marin

25

25

 

35

 

$1,343,000

$8,530

$255,900

Napa

32

28

 

44

 

$782,000

$4,970

$149,100

San Francisco

27

28

 

29

 

$1,338,750

$8,500

$255,000

San Mateo

27

27

 

26

 

$1,530,000

$9,720

$291,600

Santa Clara

28

28

 

33

 

$1,340,880

$8,520

$255,600

Solano

52

54

 

63

 

$483,650

$3,070

$92,100

Sonoma

36

39

 

49

 

$684,250

$4,350

$130,500

Southern California

 

 

 

 

 

 

 

 

Los Angeles

28

29

 

39

 

$704,760

$4,480

$134,400

Orange

24

26

 

34

 

$962,200

$6,110

$183,300

Riverside

43

44

 

51

 

$497,250

$3,160

$94,800

San Bernardino

51

52

 

61

 

$389,300

$2,470

$74,100

San Diego

31

33

 

42

 

$728,450

$4,630

$138,900

Ventura

34

36

 

44

 

$722,500

$4,590

$137,700

Central Coast

 

 

 

 

 

 

 

 

Monterey

28

30

 

37

 

$703,800

$4,470

$134,100

San Luis Obispo

28

30

 

42

 

$716,550

$4,550

$136,500

Santa Barbara

24

25

 

37

 

$828,750

$5,260

$157,800

Santa Cruz

21

25

 

32

 

$1,083,750

$6,880

$206,400

Central Valley

 

 

 

 

 

 

 

 

Fresno

50

51

 

58

 

$339,150

$2,150

$64,500

Glenn

56

56

 

60

 

$260,950

$1,660

$49,800

Kern

49

53

 

61

 

$318,670

$2,020

$60,600

Kings

58

62

 

72

 

$280,500

$1,780

$53,400

Madera

52

55

 

61

 

$348,500

$2,210

$66,300

Merced

55

55

 

62

 

$306,000

$1,940

$58,200

Placer

51

52

 

59

 

$535,500

$3,400

$102,000

Sacramento

49

50

 

58

 

$425,000

$2,700

$81,000

San Benito

40

44

 

51

 

$646,000

$4,100

$123,000

San Joaquin

49

50

 

57

 

$422,030

$2,680

$80,400

Stanislaus

50

51

 

59

 

$364,650

$2,320

$69,600

Tulare

52

55

 

62

 

$305,920

$1,940

$58,200

Far North

 

 

 

 

 

 

 

 

Butte

48

50

 

52

 

$365,080

$2,320

$69,600

Lassen

72

73

 

77

 

$197,630

$1,260

$37,800

Plumas

52

50

 

58

 

$337,400

$2,140

$64,200

Shasta

57

58

 

63

 

$301,750

$1,920

$57,600

Siskiyou

50

50

 

62

 

$276,250

$1,750

$52,500

Tehama

56

56

 

58

 

$246,500

$1,570

$47,100

Other Counties in California

 

 

 

 

 

 

 

 

Amador

56

56

 

61

 

$330,650

$2,100

$63,000

Calaveras

51

54

 

58

 

$374,000

$2,380

$71,400

Del Norte

43

46

 

57

 

$318,750

$2,020

$60,600

El Dorado

46

50

 

58

 

$539,750

$3,430

$102,900

Humboldt

42

42

 

50

 

$369,750

$2,350

$70,500

Lake

48

53

 

61

 

$297,420

$1,890

$56,700

Mariposa

47

42

 

51

 

$305,150

$1,940

$58,200

Mendocino

32

36

 

41

 

$478,130

$3,040

$91,200

Mono

18

20

 

32

 

$701,250

$4,450

$133,500

Nevada

46

45

 

55

 

$447,100

$2,840

$85,200

Sutter

54

53

 

60

 

$345,060

$2,190

$65,700

Tuolumne

55

55

 

63

 

$321,300

$2,040

$61,200

Yolo

42

43

 

51

 

$510,000

$3,240

$97,200

Yuba

51

50

 

53

 

$340,000

$2,160

$64,800

 

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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