Money Monday: Affordability Facts

Real estate affordability facts

The CALIFORNIA ASSOCIATION OF REALTORS put out some real estate facts concerning California real estate affordability:

  • 31% of California households can afford to purchase a median-priced single-family home in California.
  • $516,220 is the median single-family¬†house price in California.
  • That would make the monthly payment about $2,730.
  • The minimum income needed to purchase a median-priced home is $101,217.
  • See more details below

Real estate affordability facts

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

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