Housing affordability in the North San Diego area.

The latest HomeDex Report for housing affordability in San Diego’s North County. Looking to buy or sell your home in San Diego? Call The Lawhead Team, “Because Two Lawheads Are Better Than One!”

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 $3,009 in March 2015 (based on a conventional mortgage) to $2,940 in April 2015. The monthly payment for the median-priced SFD home in non-North San Diego County increased, affordabilityfrom $2,315 in March 2015 from $2,329 in March 2015.
  • The percent of San Diego County households that could afford the median-priced SFD home in North County increased, from 26 percent in March 2015 to 27 percent in April 2015, according to the North San Diego County HomeDexTM; the affordability percentage in non-North County zip codes remained at 38 percent in April 2015.3
  • In April 2014, the affordability percentage was 26 percent in North San Diego County and 36 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 April 2015.

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 $1,838 in April 2015 from $1,827 in March 2015. The monthly payment for the median- priced SFA home in non-North San Diego County zip codes decreased, to $1,583 in April 20115 from $1,632 in March 2015.
  • The percent of San Diego County households able to afford the median-priced SFA home in North County decreased, from 49 percent in March 2015 to 48 percent in April 2015.3 The SFA home affordability level for non-North San Diego County zip code increased from 54 percent in March 2015 to 56 percent in April 2015.
  • 45 percent of county households were able to afford the median-priced SFA home in North San Diego County in April 2014, and 53 percent able to afford the median-priced SFA home in non-North County zip codes in April 2014.

 

 

 

 

 

 

 

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