California Affordability Continues to Slip

Data from 2021’s Quarter 1 Housing Affordability Index is now available, and while the numbers haven’t changed much from last quarter, the continuing downward trend is apparent. Affordability is equal to or slightly lower than the Q4 2020 numbers in all major categories, including overall US affordability.

Only seven counties experienced an increase in affordability: Kings, Merced, Butte, Plumas, Siskiyou, Tehama, and Humboldt. The already lowest affordability rating of Mono County took an enormous nosedive, dropping from 11 to 3. Lassen County remains the most affordable county at 62, despite being down from 67, but the top spot may be up for grabs as Kings County went up one point to 58.

Photo by Sasun Bughdaryan on Unsplash