Housing affordability for North San Diego County.
Looking to purchase a home in North San Diego County but aren’t sure what type of home you can afford? Check out CAR’s latest in housing affordability from the 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 decreased, from $3,019 in July 2014 (based on a conventional mortgage) to $2,979 in August 2014.
- The monthly payment for the median-priced SFD home in non-North San Diego County decreased, from $2,350 in July 2014 to $2,303 in August 2014.
- The percent of San Diego County households that could afford the median-priced SFD home in North County increased, from 25 percent in July 2014 to 26 percent in August 2014, according to the North San Diego County HomeDex; the affordability percentage in non-North County zip codes increased, from 36 percent in July 2014 to 37 percent in August 2014.
- The housing affordability percentage was 27 percent in North San Diego County in August 2013, and 40 percent in non-North San Diego County.
- The HomeDexTM housing affordability percentage for all homes in North San Diego County – single-family detached and single-family attached together – remained at 31 percent in August 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 $1,902 in August 2014 from $1,795 in July 2014. The monthly payment for the median-priced SFA home in non-North San Diego County zip codes increased, to $1,640 in August 2014 from $1,578 in July 2014.
- The percent of San Diego County households able to afford the median-priced SFA home in North County decreased, from 48 percent in July 2014 to 45 percent in August 2014.
- The SFA housing affordability level for non-North San Diego County zip code decreased, to 53 percent in August 2014 from 55 percent in July 2014.
- 51 percent of county households were able to afford the median-priced SFA home in North San Diego County in August 2013; 58 percent were able to afford the median-priced SFA home in non-North County zip codes in August 2013.