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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

Q12022

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q12022

Q42021

 

Q12021

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

43

44

 

44

 

$677,450

$3,320

$99,600

CA Condo/Townhomes

52

54

 

56

 

$544,000

$2,670

$80,100

Los Angeles Metropolitan Area

44

46

 

46

 

$625,600

$3,070

$92,100

Inland Empire

52

55

 

56

 

$476,000

$2,330

$69,900

S.F. Bay Area

36

39

 

38

 

$1,147,500

$5,630

$168,900

US

66

67

 

69

 

$312,970

$1,530

$45,900

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

33

37

 

37

 

$1,164,930

$5,710

$171,300

Contra Costa

50

53

 

50

 

$773,500

$3,790

$113,700

Marin

32

35

 

32

 

$1,411,000

$6,920

$207,600

Napa

39

44

 

41

 

$820,250

$4,020

$120,600

San Francisco

28

29

 

27

 

$1,572,500

$7,710

$231,300

San Mateo

25

26

 

26

 

$1,865,750

$9,150

$274,500

Santa Clara

29

33

 

33

 

$1,593,750

$7,820

$234,600

Solano

61

63

 

62

 

$510,000

$2,500

$75,000

Sonoma

45

49

 

46

 

$701,250

$3,440

$103,200

Southern California

 

 

 

 

 

 

 

 

Los Angeles

39

39

 

41

 

$673,600

$3,300

$99,000

Orange

29

34

 

34

 

$1,071,000

$5,250

$157,500

Riverside

49

51

 

53

 

$515,950

$2,530

$75,900

San Bernardino

59

61

 

62

 

$391,000

$1,920

$57,600

San Diego

39

42

 

43

 

$769,250

$3,770

$113,100

Ventura

42

44

 

45

 

$749,760

$3,680

$110,400

Central Coast

 

 

 

 

 

 

 

 

Monterey

35

37

 

33

 

$752,250

$3,690

$110,700

San Luis Obispo

38

42

 

44

 

$724,410

$3,550

$106,500

Santa Barbara

27

37

 

26

 

$960,500

$4,710

$141,300

Santa Cruz

26

32

 

31

 

$1,211,250

$5,940

$178,200

Central Valley

 

 

 

 

 

 

 

 

Fresno

55

58

 

62

 

$344,250

$1,690

$50,700

Glenn

57

60

 

60

 

$306,000

$1,500

$45,000

Kern

57

61

 

64

 

$314,500

$1,540

$46,200

Kings

70

72

 

74

 

$276,250

$1,350

$40,500

Madera

58

61

 

63

 

$352,750

$1,730

$51,900

Merced

59

62

 

63

 

$331,500

$1,630

$48,900

Placer

56

59

 

57

 

$582,250

$2,860

$85,800

Sacramento

55

58

 

58

 

$463,250

$2,270

$68,100

San Benito

48

51

 

53

 

$720,380

$3,530

$105,900

San Joaquin

55

57

 

59

 

$442,000

$2,170

$65,100

Stanislaus

56

59

 

60

 

$391,000

$1,920

$57,600

Tulare

60

62

 

64

 

$291,940

$1,430

$42,900

Far North

 

 

 

 

 

 

 

 

Butte

52

52

 

53

 

$382,500

$1,880

$56,400

Lassen

76

77

 

75

 

$208,250

$1,020

$30,600

Plumas

57

58

 

63

 

$365,500

$1,790

$53,700

Shasta

61

63

 

64

 

$323,000

$1,580

$47,400

Siskiyou

61

62

 

66

 

$263,500

$1,290

$38,700

Tehama

54

58

 

62

 

$301,750

$1,480

$44,400

Other Counties in California

 

 

 

 

 

 

 

 

Amador

60

61

 

61

 

$361,250

$1,770

$53,100

Calaveras

56

58

 

57

 

$416,080

$2,040

$61,200

Del Norte

51

57

 

51

 

$331,500

$1,630

$48,900

El Dorado

52

58

 

54

 

$600,800

$2,950

$88,500

Humboldt

50

50

 

55

 

$365,500

$1,790

$53,700

Lake

58

61

 

62

 

$300,900

$1,480

$44,400

Mariposa

51

51

 

55

 

$376,130

$1,840

$55,200

Mendocino

45

41

 

44

 

$427,550

$2,100

$63,000

Mono

20

32

 

8

 

$881,880

$4,320

$129,600

Nevada

52

55

 

53

 

$467,500

$2,290

$68,700

Sutter

59

60

 

62

 

$362,100

$1,780

$53,400

Tuolumne

58

63

 

64

 

$365,080

$1,790

$53,700

Yolo

47

51

 

54

 

$535,500

$2,630

$78,900

Yuba

52

53

 

61

 

$365,500

$1,790

$53,700

 

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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