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
This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.