San Diego’s latest in housing affordability.
Wondering if you can afford a home in San Diego’s highly sought after North County? You might be surprised that you can! Check out the latest in North San Diego County’s 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 rose, to $2,902 in January 2014 (based on a conventional mortgage) from $2,739 in December 2013.
- The monthly payment for the median-priced SFD home in non-North San Diego County decreased, to $2,196 in January 2014 from $2,238 in December 2013.
- The percent of San Diego County households that could afford the median-priced SFD home in North County decreased, from 28 percent in December 2013 to 26 percent in January 2014, according to the North San Diego County HomeDex; in non-North County the affordability percentage increased, to 38 percent in January 2014 from 37 percent in December 2013.
- The affordability percentage was 37 percent in North San Diego County and 49 percent in non-North San Diego County compared to January 2013.
- The HomeDexTM affordability percentage for all homes in North San Diego County – single-family detached and single-family attached together – was again at 33 percent in January 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 decreased slightly, from $1,719 in December 2013 to $1,717 in January 2014. The monthly payment for the median-priced SFA home in non-North San Diego County zip codes increased, from $1,430 in December 2013 to $1,452 in January 2014.
- The percent of San Diego County households able to afford the median-priced SFA home in North County increased, to 50 percent in January 2014 from 49 percent in December 2013.
- The SFA home affordability level for non-North San Diego County zip code decreased from 58 percent in December 2013 to 57 percent in January 2014.
- 60 percent of county households were able to afford the median-priced SFA home in North San Diego County in January 2013; 70 percent were able to afford the median-priced SFA home in non-North County zip codes in January 2013.
Article from HomeDexTM Report.
