Housing Affordability Increases to 34%
- Share via
The percentage of Californians who could afford a median-priced home rose to 34% in December, up 2 percentage points from the same period a year ago, according to the California Assn. of Realtors.
Low mortgage interest rates continued to offset gains in the median price of a home in California, which was $276,940 in December, said the group’s president, Robert Bailey.
San Diego County was the least affordable county in the region at 27%, up 3 percentage points from last year. In Orange County, the figure was 31%, up 3 percentage points from a year ago. In Ventura County, the affordability index rose to 37% from 33%, while Los Angeles County remained the same at 36%.
Figures were unavailable for Riverside and San Bernardino counties.
San Francisco remained the least affordable county in the state at 15%.
Diane Wedner
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
