Mapping SoCal’s Housing Affordability

California’s median home price topped $600,000 for the first time this year. According to the California Association of Realtors, housing affordability is now at a 10-year-low. But there are still bargains to be found if you know where to look. You’ll just have to give up your dream of a Silicon Valley flat or a beachside condo in Santa Monica.

Looking to buy? Southern California News Group has a new interactive map out to help you navigate the housing market in Southern California. You can check out the map here

Some additional highlights:

For the four counties covered by the Southern California News Group, here are affordability metrics for the second quarter including ranking among the 49 counties covered …

Orange County: 20 percent could afford $830,000 median-priced home that generates a $4,400 monthly payment requiring an income of $175,930 to purchase. State rank: 39.

Los Angeles County: 26 percent could afford $557,220 median-priced home that generates a $2,950 monthly payment requiring an income of $118,110 to purchase. State rank: 34.

Riverside County: 37 percent could afford $405,000 median-priced home that generates a $2,150 monthly payment requiring an income of $85,850 to purchase. State rank: 26.

San Bernardino County: 49 percent could afford $290,000 median-priced home that generates a $1,540 monthly payment requiring an income of $61,470 to purchase. State rank: 6.


Comments

Legal

Tuesday, April 23, 2019 - 18:22

In 2017, the California State Legislature took sanctuary policies statewide with the passage of SB 54, or the California Values Act, which limits cooperation with federal immigration enforcement.

Finance

Tuesday, January 29, 2019 - 20:41

A years-long dispute over the property tax assessment for Levi’s Stadium has yielded a major victory for the San Francisco 49ers that will deal a financial blow to public agencies and the Santa Cla