Housing affordability in the 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 increased, to $3,004 in September 2014 (based on a conventional mortgage) from $2,979 in August 2014. The monthly payment for the median-priced SFD home in non-North San Diego County increased, to $2,338 in September 2014 from $2,303 in August 2014.
The percent of San Diego County households that could afford the median-priced SFD home in North County fell, to 25 percent in September 2014 from 26 percent in August 2014, according to the North San Diego County HomeDex; the affordability percentage in non-North County zip codes decreased, to 36 percent in September 2014 from 37 percent in August 2014.- In September 2013, the affordability percentage was 25 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 – increased from 31 percent in August 2014 to 32 percent in September 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 slightly, from $1,902 in August 2014 to $1,908 in September 2014. The monthly payment for the median-priced SFA home in non-North San Diego County zip codes dropped, from $1,640 in August 2014 to $1,602 in September 2014.
- The percent of San Diego County households able to afford the median-priced SFA home in North County increased, to 46 percent in September 2014 from 45 percent in August 2014.
- The SFA home affordability level for non-North San Diego County zip code increased, from 53 percent in August 2014 to 54 percent in September 2014.
- 47 percent of county households were able to afford the median-priced SFA home in North San Diego County in September 2013, with 57 percent able to afford the median-priced SFA home in non-North County zip codes in September 2013.
