Housing Affordability – For Single-Family Detached and Attached Homes.
The Lawhead Team would like to share the North San Diego County’s HomeDex report’s latest on the housing affordability:
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, to $2,761 in November 2013 (based on a conventional mortgage) from $2,931 in October 2013. The monthly payment for the median-priced SFD home in non-North San Diego County decreased, to $2,198 in November 2013 from $2,237 in October 2013.
- The percent of San Diego County households that could afford the median-priced SFD home in North County increased, from 25 percent in October 2013 to 27 percent in November 2013, according to the North San Diego County HomeDexTM; in non-North County the affordability percentage increased, to 38 percent in November 2013 from 37 percent in October 2013.
- The affordability percentage was 34 percent in North San Diego County in November 2012, 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 33 percent in November 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 $1,626 in October 2013 to $1,793 in November 2013. The monthly payment for the median-priced SFA home in non-North San Diego County zip codes decreased, from $1,465 in October 2013 to $1,437 in November 2013.
The percent of San Diego County households able to afford the median-priced SFA home in North County decreased, to 47 percent in November 2013 from 52 percent in October 2013.- The SFA home affordability level for non-North San Diego County zip code increased from 57 percent in October 2013 to 58 percent in November 2013.
- 61 percent of county households were able to afford the median-priced SFA home in North San Diego County in November 2012, and 63 percent were able to afford the median-priced SFA home in non-North County zip codes.
