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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.
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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®