The latest in housing affordability for North San Diego County Homes.
The Lawhead Team’s latest HomeDex Report from the North San Diego County Association of Realtors® for housing affordability in San Diego’s North County.
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 $2,828 in March 2014 (based on a conventional mortgage) to $2,907 in April 2014. The monthly payment for the median-priced SFD home in non-North San Diego County increased, from $2,288 in March 2014 to $2,291 in April 2014.
- The percent of San Diego County households that could afford the median-priced SFD home in North County fell, from 27 percent in March 2014 to 26 percent in April 2014, according to the North San Diego County HomeDexTM; the affordability percentage in non-North County zip codes remained at 36 percent in April 2014.
- The affordability percentage was 30 percent in North San Diego County, and 43 percent in non-North San Diego County a year ago in April 2013.
The HomeDexTM affordability percentage for all homes in North San Diego County – single-family detached and single-family attached together – decreased from 33 percent in March 2014 to 32 percent in April 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, to $1,896 in April 2014 from $1,642 in March 2014. The monthly payment for the median-priced SFA home in non-North San Diego County zip codes increased, to $2,291 in April 2014 from $1,478 in March 2014.
- The percent of San Diego County households able to afford the median-priced SFA home in North County fell from 52 percent in March 2014 to 45 percent in April 2014.
- The SFA home affordability level for non-North San Diego County zip code decreased, to 53 percent in April 2014 from 57 percent in March 2014.
- 53 percent of county households were able to afford the median-priced SFA home in North San Diego County in in April 2013, with 62 percent were able to afford the median-priced SFA home in non-North County zip codes.
