Although home prices in the Central Valley have increased over the past 42 months, home values in Fresno, Tulare, Kings, and Madera counties continue to be affordable for the majority of people who live here. A recent report released by the California Association of Realtors® (CAR) shows that 68% of Fresno county’s population could afford to purchase an entry level home. The second quarter 2015 CAR report shows Kings county as the most affordable in the State with a 79% First Time Buyer Affordability Index. Tulare county with 72%, and Madera county with 69% indexes also demonstrate that the Central Valley is the ideal place to make the American dream of home ownership into a reality.
At the opposite end of the affordability spectrum, San Francisco (22%), San Mateo (26%), and Marin (33%) counties make home ownership more daunting for someone interested in purchasing their first home.
The California Association of Realtors® First Time Buyer Housing Affordability Index is updated quarterly. The survey and the methodology used to generate the report are published on the website car.org.