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

Policy

Wednesday, September 12, 2018 - 05:35

California Gov. Jerry Brown unveiled what is perhaps the most ambitious clean energy goal ever embraced by a state on Monday, committing California to total carbon neutrality by the year 2045.

Finance

Monday, September 10, 2018 - 03:08

Santa Barbara County is itching to see what first quarter revenues look like after residents approved new cannabis taxes in June.