California’s 17 Least Affordable Housing Markets

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California has been ranked worst as far as affordable housing is concerned. Its various cities are facing housing affordability crisis. A recent report declares that in the 1st quarter of 2019, median housing prices were not quite affordable for average income holders. ATTOM Data Solutions, a real estate market database, published a report that shows about half of the top housing markets in California are less affordable than their historic averages.

Throughout California, the income required to purchase an average priced home is more than $60,000, that is above the earnings of the majority of Americans.

ATTOM Data Solutions’ 2019 U.S. Home Affordability Report declares the 17 least affordable housing markets in California on the county level. Counties were listed according to the affordability ratio, median homes prices in the county comparative to average yearly wages. The sale price of homes and the total number of housing units are from ATTOM Data Solutions. The earning required to buy a home is considered by supposing a 3% down payment as well as a 28% debt-to-income ratio.

Here are the 17 least affordable counties in California:

 Riverside County, California
• Annual wages as pct. of median sales price: 12.2%
• Income needed to buy a house: $104,462
• Avg. annual wages: $45,071
• Q4 median sales price: $370,000
• Housing units: 826,704

 Placer County, California
• Annual wages as pct. of median sales price: 12.0%
• Income needed to buy a house: $123,384
• Avg. annual wages: $55,536
• Q4 median sales price: $462,000
• Housing units: 159,667

 San Diego County, California
• Annual wages as pct. of median sales price: 11.3%
• Income needed to buy a house: $143,102
• Avg. annual wages: $61,269
• Q4 median sales price: $540,250
• Housing units: 1,195,868

 El Dorado County, California
• Annual wages as pct. of median sales price: 11.2%
• Income needed to buy a house: $119,028
• Avg. annual wages: $49,699
• Q4 median sales price: $444,750
• Housing units: 89,286

Los Angeles County, California
• Annual wages as pct. of median sales price: 11.0%
• Income needed to buy a house: $155,727
• Avg. annual wages: $64,350
• Q4 median sales price: $585,000
• Housing units: 3,506,903

 Alameda County, California
• Annual wages as pct. of median sales price: 10.2%
• Income needed to buy a house: $193,409
• Avg. annual wages: $75,556
• Q4 median sales price: $738,500
• Housing units: 596,898

 Santa Barbara County, California
• Annual wages as pct. of median sales price: 10.1%
• Income needed to buy a house: $143,137
• Avg. annual wages: $53,846
• Q4 median sales price: $535,000
• Housing units: 155,339

 San Mateo County, California
• Annual wages as pct. of median sales price: 10.0%
• Income needed to buy a house: $325,420
• Avg. annual wages: $125,580
• Q4 median sales price: $1,250,000
• Housing units: 275,109

 Napa County, California
• Annual wages as pct. of median sales price: 9.8%
• Income needed to buy a house: $147,487
• Avg. annual wages: $55,276
• Q4 median sales price: $562,500
• Housing units: 55,4

 Ventura County, California
• Annual wages as pct. of median sales price: 9.7%
• Income needed to buy a house: $151,656
• Avg. annual wages: $55,211
• Q4 median sales price: $571,000
• Housing units: 285,997

 San Francisco County, California
• Annual wages as pct. of median sales price: 9.2%
• Income needed to buy a house: $334,727
• Avg. annual wages: $115,466
• Q4 median sales price: $1,250,000
• Housing units: 390,376

 Orange County, California
• Annual wages as pct. of median sales price: 9.2%
• Income needed to buy a house: $184,022
• Avg. annual wages: $62,478
• Q4 median sales price: $677,000
• Housing units: 1,081,701

 Sonoma County, California
• Annual wages as pct. of median sales price: 9.1%
• Income needed to buy a house: $156,249
• Avg. annual wages: $53,677
• Q4 median sales price: $591,000
• Housing units: 207,908

 Monterey County, California
• Annual wages as pct. of median sales price: 8.9%
• Income needed to buy a house: $144,726
• Avg. annual wages: $47,736
• Q4 median sales price: $538,750
• Housing units: 140,548

 San Luis Obispo County, California
• Annual wages as pct. of median sales price: 8.5%
• Income needed to buy a house: $148,744
• Avg. annual wages: $47,684
• Q4 median sales price: $560,000
• Housing units: 120,182

 Marin County, California
• Annual wages as pct. of median sales price: 7.3%
• Income needed to buy a house: $270,710
• Avg. annual wages: $73,554
• Q4 median sales price: $1,010,000
• Housing units: 112,606

 Santa Cruz County, California
• Annual wages as pct. of median sales price: 6.6%
• Income needed to buy a house: $208,178
• Avg. annual wages: $51,077
• Q4 median sales price: $770,000
• Housing units: 105,586

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