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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

Q4-2019

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q4-2019

Q3-2019

 

Q4-2018

 

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

48

48

 

46

 

$515,980

$2,660

$79,800

CA Condo/Townhomes

58

59

 

55

 

$408,000

$2,110

$63,300

Los Angeles Metropolitan Area

50

50

 

49

 

$467,500

$2,410

$72,300

Inland Empire

61

60

 

59

 

$323,000

$1,670

$50,100

S.F. Bay Area

45

46

 

39

 

$786,250

$4,060

$121,800

US

71

70

 

70

 

$233,670

$1,210

$36,300

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

44

43

 

38

 

$769,250

$3,970

$119,100

Contra Costa

57

57

 

52

 

$563,130

$2,910

$87,300

Marin

35

36

 

30

 

$1,126,250

$5,820

$174,600

Napa

47

47

 

43

 

$607,840

$3,140

$94,200

San Francisco

27

27

 

24

 

$1,360,000

$7,020

$210,600

San Mateo

30

30

 

24

 

$1,317,500

$6,800

$204,000

Santa Clara

38

38

 

33

 

$1,059,100

$5,470

$164,100

Solano

64

64

 

59

 

$391,000

$2,020

$60,600

Sonoma

49

48

 

42

 

$557,910

$2,880

$86,400

Southern California

 

 

 

 

 

 

 

 

Los Angeles

43

41

 

42

 

$524,710

$2,710

$81,300

Orange

43

43

 

38

 

$703,800

$3,630

$108,900

Riverside

58

58

 

57

 

$357,000

$1,840

$55,200

San Bernardino

67

67

 

65

 

$270,300

$1,400

$42,000

San Diego

47

48

 

43

 

$556,750

$2,880

$86,400

Ventura

50

50

 

50

 

$561,000

$2,900

$87,000

Central Coast

 

 

 

 

 

 

 

 

Monterey

42

43

 

39

 

$556,750

$2,880

$86,400

San Luis Obispo

48

47

 

42

 

$524,450

$2,710

$81,300

Santa Barbara

40

39

 

45

 

$591,810

$3,060

$91,800

Santa Cruz

36

37

 

26

 

$750,550

$3,880

$116,400

Central Valley

 

 

 

 

 

 

 

 

Fresno

63

64

 

62

 

$245,650

$1,270

$38,100

Kern

66

66

 

69

 

$221,000

$1,140

$34,200

Kings

73

72

 

70

 

$216,750

$1,120

$33,600

Madera

67

68

 

66

 

$247,270

$1,280

$38,400

Merced

66

65

 

59

 

$238,000

$1,230

$36,900

Placer

65

65

 

61

 

$421,180

$2,180

$65,400

Sacramento

62

62

 

60

 

$327,250

$1,690

$50,700

San Benito

54

55

 

51

 

$510,000

$2,630

$78,900

San Joaquin

62

61

 

56

 

$323,000

$1,670

$50,100

Stanislaus

65

64

 

63

 

$284,750

$1,470

$44,100

Tulare

68

68

 

64

 

$212,500

$1,100

$33,000

Other Counties in California

 

 

 

 

 

 

 

 

Amador

65

65

 

62

r

$272,000

$1,400

$42,000

Butte

54

53

 

53

 

$297,500

$1,530

$45,900

Calaveras

62

64

 

62

 

$296,650

$1,520

$45,600

El Dorado

62

59

 

61

 

$408,850

$2,100

$63,000

Humboldt

55

54

 

53

 

$276,250

$1,420

$42,600

Lake County

62

64

 

57

 

$233,750

$1,200

$36,000

Lassen

75

77

 

79

 

$182,750

$940

$28,200

Mariposa

63

61

 

57

 

$263,080

$1,350

$40,500

Mendocino

46

46

 

41

 

$352,750

$1,800

$54,000

Mono

47

36

 

34

 

$484,500

$2,480

$74,400

Nevada

58

59

 

54

 

$365,500

$1,860

$55,800

Plumas

67

61

 

60

 

$233,750

$1,190

$35,700

Shasta

65

64

 

63

 

$242,250

$1,240

$37,200

Siskiyou

66

66

 

67

 

$195,500

$1,000

$30,000

Sutter

63

63

 

61

 

$269,830

$1,380

$41,400

Tehama

63

63

 

66

 

$222,280

$1,130

$33,900

Tuolumne

67

65

 

66

 

$245,650

$1,250

$37,500

Yolo

57

55

 

55

 

$390,960

$1,990

$59,700

Yuba

65

65

 

62

 

$259,250

$1,320

$39,600

 

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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