The latest housing affordability in single family attached and detached homes in North San Diego County.
The Lawhead Team would like to share North San Diego County Association of Realtors latest housing affordability trends for single family attached and detached 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, from $2,891 in September 2013 (based on a conventional mortgage) to $2,931 in October 2013. The monthly payment for the median-priced SFD home in non-North San Diego County decreased, from $2,279 in September 2013 to $2,237 in October 2013.
- The percent of San Diego County households that could afford the median-priced SFD home in North County remained at 25 percent in October 2013, according to the North San Diego County HomeDexTM; in non-North County, the affordability percentage increased from 36 percent in September 2013 to 37 percent in October 2013.
- In October 2012, the affordability percentage was 34 percent in North San Diego County and 46 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 31 percent in October 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 decreased, to $1,626 in October 2013 from $1,800 in September 2013. The monthly payment for the median-priced SFA home in non-North San Diego County zip codes increased, to $1,465 in October 2013 from $1,450 in September 2013.- The percent of San Diego County households able to afford the median-priced SFA home in North County increased, from 47 percent in September 2013 to 52 percent in October 2013.
- The SFA home affordability level for non-North San Diego County zip code remained at 57 percent in October 2013.
- 61 percent of county households were able to afford the median-priced SFA home in North San Diego County in October 2012, and 68 percent were able to afford the median-priced SFA home in non-North County zip codes.
Information from North San Diego County HomeDexTM Report.
