San Diego’s housing affordability.
If you are looking to buy in North San Diego County, it is important to know what you can afford. The following is the latest from North San Diego County’s HomeDex Report on housing affordability for single family attached and detached homes.
Housing Affordability – Single-Family Detached Homes in North San Diego County:
- The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced SFD home in North San Diego County decreased, from $2,761 in November 2013 (based on a conventional mortgage) to $2,739 in December 2013. The monthly payment for the median-priced SFD home in non-North San Diego County increased, from $2,198 in November 2013 to $2,238 in December 2013.
- The percent of San Diego County households that could afford the median-priced SFD home in North County increased, to 28 percent in December 2013 from 27 percent in November 2013, according to the North San Diego County HomeDexTM; in non-North County the affordability percentage fell, from 38 percent in November 2013 to 37 percent in December 2013.
- In December 2012, the affordability percentage was 34 percent in North San Diego County and 46 percent in non-North San Diego County.
The HomeDexTM affordability percentage for all homes in North San Diego County – single-family detached and single-family attached together – remained at 33 percent in December 2013.
Housing Affordability – Single-Family Attached Homes in North San Diego County:
- The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced SFA home in North County decreased, to $1,719 in December 2013 from $1,793 in November 2013. The monthly payment for the median-priced SFA home in non-North San Diego County zip codes decreased, to $1,430 in December 2013 from $1,437 in November 2013.
- The percent of San Diego County households able to afford the median-priced SFA home in North County increased, from 47 percent in November 2013 to 49 percent in December 2013.
- The SFA home affordability level for non-North San Diego County zip code remained at 58 percent in December 2013.
- 60 percent of county households were able to afford the median-priced SFA home in North San Diego County in December 2012; 66 percent were able to afford the median-priced SFA home in non-North County zip codes in December 2012.
