The latest housing affordability statistics for North San Diego
The Lawhead Team would like to share the latest housing affordability statistics for detached homes in North San Diego area from HomeDexTM
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 $2,990 in June 2015 (based on a conventional mortgage) to $3,066 in July 2015. The monthly payment for the median-priced SFD home in non-North San Diego County decreased, to $2,440 in July 2015 from $2,436 in June 2015.
- The percent of San Diego County households that could afford the median-priced SFD home in North County decreased from 27 percent in June 2015 to 26 percent in July 2015, according to the North San Diego County HomeDexTM; the affordability percentage in non-North County zip codes remained at 36 percent in July 2015.3
- In June 2014, the affordability percentage was 25 percent in North San Diego County and 35 percent in non-North San Diego County.
- The HomeDexTM housing affordability percentage for all homes in North San Diego County – single-family detached and single-family attached together – decreased to 31 percent in July 2015 from 32 percent in June 2015.