Fewer are able to buy a home

Rising California home prices in June shut out still more households from being able to afford a house. Statewide, 18% of households could afford a median-priced home of $469,170 in June -- the lowest percentage since November 1989 and down from 27% in June a year ago, said the California Assn. of Realtors.

The minimum household income needed to buy the median-priced home was $111,690, based on a 30-year mortgage at an average rate of 6.01%, assuming a 20% down payment.

A year ago, a family with a household income of $84,530 could afford the $374,540 median-priced home. The prevailing interest rate then was 5.4%.

Nationwide, the minimum income needed to purchase the $191,800 median-priced home in June was $45,660.

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June affordability index

The percentage of households earning enough to buy a median-priced existing single-family home.

Median Afford- Afford- home Mininum Monthly ability ability County price income payment index a yr. ago

Los Angeles $445,140 $105,971 $2,649 17 29 Orange 657,930 156,628 3,916 11 22 San Diego 580,670 138,235 3,456 10 20 Riverside 342,008 81,419 2,035 17 33 San Bernardino 270,644 64,430 1,611 29 46 Ventura 625,000 148,789 3,720 13 27

*Based on a 30-year mortgage with an average rate of 6.01% and 20% down payment; includes principal, interest, taxes and insurance.

Source: California Assn. of Realtors