San Diego’s housing affordability.
The Lawhead Team would like to share the latest trends this month in housing affordability for both single family detached and attached homes.
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 increased, to $2,891 in September 2013 (based on a conventional mortgage) from $2,758 in August 2013. The monthly payment for the median-priced SFD housing homes in non-North San Diego County increased, from $2,279 in September 2013 from $2,086 in August 2013.
- The percent of San Diego County households that could afford the median-priced SFD housing home in North County decreased, to 25 percent in September 2013 from 27 percent in August, according to the North San Diego County HomeDexTM; the housing affordability percentage in non-North County Zip Codes was 36 percent in September 2013.
- In September 2012, the housing affordability percentage was 34 percent in North San Diego County and 47 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 – was 30 percent in September 2013.
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, from $1,631 in August 2013 to $1,800 in September 2013. The monthly payment for the median-priced SFA home in non-North San Diego County zip codes increased, from $1,415 in August 2013 to $1,450 in September 2013.
- The percent of San Diego County households able to afford the median-priced SFA home in North County decreased, to 47 percent in September 2013 from 51 percent in August 2013.
- The SFA home housing affordability level for non-North San Diego County zip code decreased, from 58 percent in August 2013 to 57 percent in September 2013.
- 60 percent of county households were able to afford the median-priced SFA home in North San Diego County in September 2012, and 69 percent were able to afford the median-priced SFA home in non-North County zip codes.
