Housing Affordability
Percentage of Potential First-Time Homebuyers That Can Afford to Purchase a Median-Priced Home
Santa Clara & San Mateo Counties, San Francisco, Alameda County, Santa Cruz County, California, and the United States
Click on any of the legend items to toggle them off and on.
Data Source:
California Association of Realtors
Analysis:
Silicon Valley Institute for Regional Studies
Data are from the California Association of Realtors’ (CAR) First-time Buyer Housing Affordability Index, which measures the percentage of households that can afford to purchase an entry-level home in California based on the median price of existing single family homes sold from CAR’s monthly existing home sales survey. Beginning in the first quarter of 2009, the Housing Affordability Index incorporates an effective interest rate that is based on the one-year, adjustable-rate mortgage from Freddie Mac’s Primary Mortgage Market Survey. 2022 averages include Q1-3.
*includes Q1-3.
P.O. Box 720010