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Housing Affordability Index - Traditional

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C.A.R.’s Housing Affordability Index (HAI) measures the percentage of households that can afford to purchase a median-priced, single-family home in California. C.A.R. also reports affordability indices for regions and select counties within the state. The index is considered the most fundamental measure of housing well-being for home buyers in the state.

 

Download series:  XLSHistorical

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Click here for the latest 2023 Housing Affordability by Ethnicity

Traditional Housing Affordability Index Methodology

Traditional Housing Affordability Indices (HAI) were calculated based on the following effective composite interest rates: 6.48%% (Q123), 7.39%% (Q423), and 6.86%% (Q124).

Q22024

C.A.R. Traditional Housing Affordability Index

STATE/REGION/COUNTY

Q22024

Q12024

 

Q22023

Median Home Price

Monthly Payment Including Taxes & Insurance

Minimum Qualifying Income

CA SFH (SAAR)

14

17

 

16

 

$906,600

$5,920

$236,800

CA Condo/Townhomes

22

24

 

25

 

$690,000

$4,500

$180,000

Los Angeles Metropolitan Area

13

15

 

17

 

$840,000

$5,480

$219,200

Inland Empire

20

21

 

22

 

$600,000

$3,910

$156,400

S.F. Bay Area

18

20

 

19

 

$1,430,000

$9,330

$373,200

US

33

37

 

36

 

$422,100

$2,750

$110,000

 

 

 

 

 

 

 

 

 

S.F. Bay Area

 

 

 

 

 

 

 

 

Alameda

16

16

 

16

 

$1,399,500

$9,130

$365,200

Contra Costa

21

25

 

23

 

$925,000

$6,040

$241,600

Marin

16

18

 

16

 

$1,797,000

$11,730

$469,200

Napa

14

18

 

19

 

$962,500

$6,280

$251,200

San Francisco

19

20

 

20

 

$1,701,000

$11,100

$444,000

San Mateo

16

17

 

17

 

$2,202,300

$14,370

$574,800

Santa Clara

16

18

 

18

 

$2,008,000

$13,100

$524,000

Solano

24

26

 

26

 

$600,000

$3,910

$156,400

Sonoma

16

16

 

16

 

$850,000

$5,550

$222,000

Southern California

 

 

 

 

 

 

 

 

Imperial

26

30

 

30

 

$395,000

$2,580

$103,200

Los Angeles

13

14

 

15

 

$854,760

$5,580

$223,200

Orange

11

11

 

12

 

$1,437,500

$9,380

$375,200

Riverside

18

20

 

20

 

$650,000

$4,240

$169,600

San Bernardino

25

27

 

30

 

$510,000

$3,330

$133,200

San Diego

11

11

 

13

 

$1,050,000

$6,850

$274,000

Ventura

12

15

 

14

 

$940,000

$6,130

$245,200

Central Coast

 

 

 

 

 

 

 

 

Monterey

8

11

 

12

 

$1,025,000

$6,690

$267,600

San Luis Obispo

11

10

 

11

 

$889,500

$5,800

$232,000

Santa Barbara

9

11

 

10

 

$1,372,500

$8,960

$358,400

Santa Cruz

13

13

 

13

 

$1,375,000

$8,970

$358,800

Central Valley

 

 

 

 

 

 

 

 

Fresno

28

30

 

29

 

$425,000

$2,770

$110,800

Glenn

35

34

 

32

 

$340,450

$2,220

$88,800

Kern

30

31

 

31

 

$385,000

$2,510

$100,400

Kings

29

34

 

32

 

$380,000

$2,480

$99,200

Madera

29

30

 

31

 

$430,000

$2,810

$112,400

Merced

25

29

 

31

 

$415,000

$2,710

$108,400

Placer

28

30

 

29

 

$675,500

$4,410

$176,400

Sacramento

24

26

 

26

 

$555,000

$3,620

$144,800

San Benito

18

21

 

19

 

$805,000

$5,250

$210,000

San Joaquin

24

26

 

26

 

$550,000

$3,590

$143,600

Stanislaus

25

28

 

27

 

$489,250

$3,190

$127,600

Tulare

30

33

 

33

 

$377,000

$2,460

$98,400

Far North

 

 

 

 

 

 

 

 

Butte

27

29

 

29

 

$452,470

$2,950

$118,000

Lassen

52

51

 

52

 

$249,950

$1,630

$65,200

Plumas

29

37

 

38

 

$426,000

$2,780

$111,200

Shasta

33

37

 

35

 

$379,900

$2,480

$99,200

Siskiyou

31

32

 

39

 

$332,000

$2,170

$86,800

Tehama

34

39

 

35

 

$350,000

$2,280

$91,200

Trinity

28

26

 

31

 

$304,600

$1,990

$79,600

Other Counties in California

 

 

 

 

 

 

 

 

Amador

32

30

 

28

 

$437,450

$2,850

$114,000

Calaveras

29

33

 

27

 

$481,000

$3,140

$125,600

Del Norte

34

34

 

30

 

$345,000

$2,250

$90,000

El Dorado

22

25

 

23

 

$720,000

$4,700

$188,000

Humboldt

22

25

 

25

 

$445,000

$2,900

$116,000

Lake

31

33

 

28

 

$345,000

$2,250

$90,000

Mariposa

25

23

 

24

 

$407,780

$2,660

$106,400

Mendocino

17

21

 

17

 

$525,000

$3,430

$137,200

Mono

5

4

 

5

 

$1,088,190

$7,100

$284,000

Nevada

24

27

 

25

 

$585,000

$3,820

$152,800

Sutter

27

32

 

33

 

$440,000

$2,870

$114,800

Tuolumne

31

36

 

32

 

$437,000

$2,850

$114,000

Yolo

22

24

 

23

 

$640,000

$4,180

$167,200

Yuba

25

26

 

26

 

$446,400

$2,910

$116,400

 

 

 

 

Source: CALIFORNIA ASSOCIATION OF REALTORS®

 


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