The latest from the HomeDex Report for housing affordability.
Are you looking to purchase a home in North San Diego County? Check out the latest in housing affordability from the CAR’s HomeDex Report:
Housing Affordability – Single-Family Detached Homes
- The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced SFD home in North San Diego County fell, from $3,004 in September 2014 (based on a conventional mortgage) to $2,826 in October 2014.
The monthly payment for the median-priced SFD home in non-North San Diego County declined, from $2,338 in September 2014 to $2,313 in October 2014.- The percent of San Diego County households that could afford the median-priced SFD home in North County increased, from 25 percent in September 2014 to 28 percent in October 2014, according to the North San Diego County HomeDex; the affordability percentage in non-North County zip codes also increased, from 36 percent in September 2014 to 37 percent in October 2014.
- The affordability percentage was 25 percent in North San Diego County and 37 percent in non-North San Diego County in October 2013.
- The HomeDexTM affordability percentage for all homes in North San Diego County – single-family detached and single-family attached together – remained at 32 percent in October 2014
Housing Affordability – Single-Family Attached Homes
- The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced SFA home in North County increased to $1,932 in October 2014. The monthly payment for the median-priced SFA home in non-North San Diego County zip codes dropped, to $1,561 in October 2014 from $1,602 in September 2014.
- The percent of San Diego County households able to afford the median-priced SFA home in North County fell, from 46 percent in September 2014 to 45 percent in October 2014.
- The SFA home affordability level for non-North San Diego County zip code increased, to 56 percent in October 2014 from 54 percent in September 2014.
- 52 percent of county households were able to afford the median-priced SFA home in North San Diego County in October 2013; 57 percent were able to afford the median-priced SFA home in non-North County zip codes in October 2013.
