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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

Q12024

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q12024

Q42023

 

Q12023

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

31

28

 

36

r

$692,140

$4,650

$139,500

CA Condo/Townhomes

41

39

 

45

 

$556,750

$3,740

$112,200

Los Angeles Metropolitan Area

30

29

 

36

 

$667,250

$4,480

$134,400

Inland Empire

40

39

 

45

 

$492,950

$3,310

$99,300

S.F. Bay Area

28

28

 

36

 

$1,066,750

$7,160

$214,800

US

55

53

 

58

 

$330,990

$2,220

$66,600

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

24

25

 

33

 

$1,098,630

$7,380

$221,400

Contra Costa

42

40

 

48

 

$701,250

$4,710

$141,300

Marin

24

23

 

26

 

$1,419,500

$9,530

$285,900

Napa

32

30

 

37

 

$756,500

$5,080

$152,400

San Francisco

27

27

 

28

 

$1,402,500

$9,420

$282,600

San Mateo

25

25

 

27

 

$1,700,000

$11,410

$342,300

Santa Clara

26

26

 

28

 

$1,564,000

$10,500

$315,000

Solano

48

46

 

51

 

$493,000

$3,310

$99,300

Sonoma

32

31

 

36

 

$714,000

$4,790

$143,700

Southern California

 

 

 

 

 

 

 

 

Imperial

47

44

 

49

 

$306,000

$2,050

$61,500

Los Angeles

26

22

 

33

 

$699,510

$4,700

$141,000

Orange

17

17

 

22

 

$1,160,250

$7,790

$233,700

Riverside

38

37

 

42

 

$535,500

$3,600

$108,000

San Bernardino

47

45

 

50

 

$414,180

$2,780

$83,400

San Diego

24

24

 

30

 

$833,850

$5,600

$168,000

Ventura

30

28

 

36

 

$755,650

$5,070

$152,100

Central Coast

 

 

 

 

 

 

 

 

Monterey

23

18

 

27

 

$737,380

$4,950

$148,500

San Luis Obispo

23

21

 

28

 

$760,750

$5,110

$153,300

Santa Barbara

20

17

 

29

 

$892,500

$5,990

$179,700

Santa Cruz

21

20

 

23

 

$1,062,500

$7,130

$213,900

Central Valley

 

 

 

 

 

 

 

 

Fresno

47

46

 

51

 

$348,500

$2,340

$70,200

Glenn

53

51

 

52

 

$296,650

$1,990

$59,700

Kern

48

46

 

51

 

$323,000

$2,170

$65,100

Kings

55

50

 

55

 

$295,330

$1,980

$59,400

Madera

48

49

 

54

 

$365,500

$2,450

$73,500

Merced

49

49

 

53

 

$333,130

$2,240

$67,200

Placer

50

48

 

52

 

$549,200

$3,690

$110,700

Sacramento

45

42

 

50

 

$453,820

$3,050

$91,500

San Benito

40

32

 

45

 

$654,930

$4,400

$132,000

San Joaquin

44

40

 

47

 

$454,750

$3,050

$91,500

Stanislaus

47

43

 

50

 

$389,510

$2,610

$78,300

Tulare

51

50

 

55

 

$309,270

$2,080

$62,400

Far North

 

 

 

 

 

 

 

 

Butte

46

46

 

50

 

$369,750

$2,480

$74,400

Lassen

68

68

 

70

 

$219,730

$1,480

$44,400

Plumas

54

51

 

60

 

$315,310

$2,120

$63,600

Shasta

54

54

 

57

 

$314,930

$2,110

$63,300

Siskiyou

50

52

 

60

 

$280,500

$1,880

$56,400

Tehama

55

56

 

56

 

$272,000

$1,830

$54,900

Trinity

45

48

 

39

 

$276,250

$1,850

$55,500

Other Counties in California

 

 

 

 

 

 

 

 

Amador

49

51

 

54

 

$381,230

$2,560

$76,800

Calaveras

51

50

 

53

 

$382,500

$2,570

$77,100

Del Norte

51

43

 

49

 

$297,500

$2,000

$60,000

El Dorado

43

41

 

49

 

$561,000

$3,770

$113,100

Humboldt

42

40

 

44

 

$359,080

$2,410

$72,300

Lake

51

46

 

50

 

$272,000

$1,830

$54,900

Mariposa

40

35

 

45

 

$352,750

$2,370

$71,100

Mendocino

38

35

 

44

 

$401,200

$2,690

$80,700

Mono

7

10

 

17

 

$1,062,500

$7,130

$213,900

Nevada

44

41

 

48

 

$450,500

$3,020

$90,600

Sutter

51

50

 

56

 

$354,450

$2,380

$71,400

Tuolumne

53

49

 

55

 

$337,880

$2,270

$68,100

Yolo

40

38

 

45

 

$526,320

$3,530

$105,900

Yuba

45

43

 

48

 

$371,700

$2,500

$75,000

 

 

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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