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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

Q32024

First Time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q32024

Q22024

 

Q32023

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

29

26

 

29

 

$748,210

$4,940

$148,200

CA Condo/Townhomes

41

38

 

40

 

$569,500

$3,760

$112,800

Los Angeles Metropolitan Area

29

26

 

29

 

$702,950

$4,640

$139,200

Inland Empire

41

38

 

40

 

$501,500

$3,310

$99,300

S.F. Bay Area

29

23

 

27

 

$1,083,750

$7,160

$214,800

US

53

51

 

52

 

$355,900

$2,350

$70,500

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

26

21

 

24

 

$1,083,750

$7,160

$214,800

Contra Costa

41

37

 

39

 

$743,750

$4,910

$147,300

Marin

26

23

 

24

 

$1,338,750

$8,840

$265,200

Napa

30

29

 

30

 

$828,750

$5,470

$164,100

San Francisco

27

26

 

27

 

$1,343,000

$8,870

$266,100

San Mateo

25

23

 

25

 

$1,742,500

$11,510

$345,300

Santa Clara

27

25

 

25

 

$1,615,000

$10,660

$319,800

Solano

47

45

 

46

 

$510,000

$3,370

$101,100

Sonoma

35

31

 

31

 

$709,750

$4,690

$140,700

Southern California

 

 

 

 

 

 

 

 

Imperial

45

43

 

45

 

$335,750

$2,220

$66,600

Los Angeles

23

24

 

23

 

$805,360

$5,320

$159,600

Orange

17

15

 

17

 

$1,188,730

$7,850

$235,500

Riverside

39

36

 

38

 

$539,750

$3,560

$106,800

San Bernardino

47

44

 

46

 

$433,500

$2,860

$85,800

San Diego

25

21

 

24

 

$858,500

$5,670

$170,100

Ventura

28

27

 

28

 

$807,500

$5,330

$159,900

Central Coast

 

 

 

 

 

 

 

 

Monterey

22

18

 

21

 

$807,500

$5,330

$159,900

San Luis Obispo

23

23

 

23

 

$799,430

$5,280

$158,400

Santa Barbara

26

13

 

18

 

$807,500

$5,330

$159,900

Santa Cruz

21

18

 

20

 

$1,121,150

$7,400

$222,000

Central Valley

 

 

 

 

 

 

 

 

Fresno

47

45

 

45

 

$365,500

$2,410

$72,300

Glenn

58

54

 

50

 

$277,950

$1,840

$55,200

Kern

47

47

 

46

 

$344,250

$2,270

$68,100

Kings

53

50

 

49

 

$318,750

$2,100

$63,000

Madera

47

46

 

49

 

$362,900

$2,400

$72,000

Merced

45

44

 

50

 

$351,050

$2,320

$69,600

Placer

49

47

 

47

 

$569,500

$3,760

$112,800

Sacramento

45

43

 

43

 

$476,000

$3,140

$94,200

San Benito

42

37

 

36

 

$680,000

$4,490

$134,700

San Joaquin

44

43

 

42

 

$487,010

$3,220

$96,600

Stanislaus

48

44

 

44

 

$408,000

$2,690

$80,700

Tulare

49

48

 

49

 

$323,000

$2,130

$63,900

Far North

 

 

 

 

 

 

 

 

Butte

46

44

 

46

 

$382,500

$2,530

$75,900

Lassen

70

69

 

74

 

$223,130

$1,470

$44,100

Plumas

39

46

 

49

 

$442,000

$2,920

$87,600

Shasta

52

52

 

53

 

$327,250

$2,160

$64,800

Siskiyou

55

50

 

53

 

$265,630

$1,750

$52,500

Tehama

54

51

 

55

 

$276,250

$1,820

$54,600

Trinity

52

46

 

50

 

$233,750

$1,540

$46,200

Other Counties in California

 

 

 

 

 

 

 

 

Amador

56

51

 

47

 

$353,600

$2,330

$69,900

Calaveras

50

49

 

47

 

$412,250

$2,720

$81,600

Del Norte

45

51

 

45

 

$357,000

$2,360

$70,800

El Dorado

44

38

 

42

 

$565,250

$3,730

$111,900

Humboldt

40

38

 

40

 

$373,920

$2,470

$74,100

Lake

53

49

 

49

 

$291,550

$1,930

$57,900

Mariposa

44

41

 

33

 

$347,650

$2,300

$69,000

Mendocino

34

34

 

32

 

$466,650

$3,080

$92,400

Mono

14

9

 

12

 

$738,650

$4,880

$146,400

Nevada

43

40

 

40

 

$490,450

$3,240

$97,200

Sutter

49

47

 

50

 

$365,500

$2,410

$72,300

Tuolumne

57

49

 

49

 

$327,250

$2,160

$64,800

Yolo

40

37

 

39

 

$522,750

$3,450

$103,500

Yuba

46

43

 

45

 

$374,000

$2,470

$74,100

 

 

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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