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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

Q22024

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q22024

Q12024

 

Q22023

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

26

31

 

32

 

$770,610

$5,280

$158,400

CA Condo/Townhomes

38

41

 

43

 

$586,500

$4,020

$120,600

Los Angeles Metropolitan Area

26

30

 

33

 

$714,000

$4,890

$146,700

Inland Empire

38

40

 

42

 

$510,000

$3,500

$105,000

S.F. Bay Area

23

28

 

28

 

$1,215,500

$8,330

$249,900

US

51

55

 

55

 

$358,790

$2,460

$73,800

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

21

24

 

26

 

$1,189,580

$8,150

$244,500

Contra Costa

37

42

 

40

 

$786,250

$5,390

$161,700

Marin

23

24

 

23

 

$1,527,450

$10,470

$314,100

Napa

29

32

 

36

 

$818,130

$5,610

$168,300

San Francisco

26

27

 

27

 

$1,445,850

$9,910

$297,300

San Mateo

23

25

 

26

 

$1,871,960

$12,830

$384,900

Santa Clara

25

26

 

26

 

$1,706,800

$11,700

$351,000

Solano

45

48

 

49

 

$510,000

$3,500

$105,000

Sonoma

31

32

 

33

 

$722,500

$4,950

$148,500

Southern California

 

 

 

 

 

 

 

 

Imperial

43

47

 

48

 

$335,750

$2,300

$69,000

Los Angeles

24

26

 

30

 

$726,550

$4,980

$149,400

Orange

15

17

 

20

 

$1,221,880

$8,370

$251,100

Riverside

36

38

 

40

 

$552,500

$3,790

$113,700

San Bernardino

44

47

 

50

 

$433,500

$2,970

$89,100

San Diego

21

24

 

27

 

$892,500

$6,120

$183,600

Ventura

27

30

 

30

 

$799,000

$5,480

$164,400

Central Coast

 

 

 

 

 

 

 

 

Monterey

18

23

 

25

 

$871,250

$5,970

$179,100

San Luis Obispo

23

23

 

25

 

$756,080

$5,180

$155,400

Santa Barbara

13

20

 

17

 

$1,166,630

$8,000

$240,000

Santa Cruz

18

21

 

21

 

$1,168,750

$8,010

$240,300

Central Valley

 

 

 

 

 

 

 

 

Fresno

45

47

 

47

 

$361,250

$2,480

$74,400

Glenn

54

53

 

53

 

$289,380

$1,980

$59,400

Kern

47

48

 

49

 

$327,250

$2,240

$67,200

Kings

50

55

 

54

 

$323,000

$2,210

$66,300

Madera

46

48

 

51

 

$365,500

$2,500

$75,000

Merced

44

49

 

52

 

$352,750

$2,420

$72,600

Placer

47

50

 

49

 

$574,180

$3,930

$117,900

Sacramento

43

45

 

46

 

$471,750

$3,230

$96,900

San Benito

37

40

 

39

 

$684,250

$4,690

$140,700

San Joaquin

43

44

 

45

 

$467,500

$3,200

$96,000

Stanislaus

44

47

 

47

 

$415,860

$2,850

$85,500

Tulare

48

51

 

52

 

$320,450

$2,200

$66,000

Far North

 

 

 

 

 

 

 

 

Butte

44

46

 

48

 

$384,600

$2,640

$79,200

Lassen

69

68

 

70

 

$212,460

$1,460

$43,800

Plumas

46

54

 

56

 

$362,100

$2,480

$74,400

Shasta

52

54

 

54

 

$322,920

$2,210

$66,300

Siskiyou

50

50

 

57

 

$282,200

$1,930

$57,900

Tehama

51

55

 

52

 

$297,500

$2,040

$61,200

Trinity

46

45

 

50

 

$258,910

$1,770

$53,100

Other Counties in California

 

 

 

 

 

 

 

 

Amador

51

49

 

49

 

$371,830

$2,550

$76,500

Calaveras

49

51

 

48

 

$408,850

$2,800

$84,000

Del Norte

51

51

 

47

 

$293,250

$2,010

$60,300

El Dorado

38

43

 

42

 

$612,000

$4,190

$125,700

Humboldt

38

42

 

42

 

$378,250

$2,590

$77,700

Lake

49

51

 

46

 

$293,250

$2,010

$60,300

Mariposa

41

40

 

44

 

$346,610

$2,380

$71,400

Mendocino

34

38

 

35

 

$446,250

$3,060

$91,800

Mono

9

7

 

13

 

$924,960

$6,340

$190,200

Nevada

40

44

 

43

 

$497,250

$3,410

$102,300

Sutter

47

51

 

52

 

$374,000

$2,560

$76,800

Tuolumne

49

53

 

51

 

$371,450

$2,550

$76,500

Yolo

37

40

 

40

 

$544,000

$3,730

$111,900

Yuba

43

45

 

46

 

$379,440

$2,600

$78,000

 

 

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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