California Housing Affordability Improves Slightly as 2025 Ends
California housing affordability improved slightly in the fourth quarter of 2025, the California Association of Realtors (C.A.R.) said Tuesday. Eighteen percent of California households could afford to purchase the $869,300 median-priced home in Q4 2025, up from 17% in Q3 and from 16% a year ago.
More California households (28%) could afford a typical condo/townhome in Q4 2025, rising from 27% in Q3 2025 and 25% in Q4 2024. An annual income of $159,200 was required to make the monthly payment of $3,980 on the $650,000 median-priced condo/townhome in Q4 2025.
Nationally, 39% of the nation’s households could afford to purchase a $414,900 median-priced home, which required a minimum annual income of $101,600 to make monthly mortgage payments of $2,540. Nationwide, affordability edged up from 36% in Q3 and a year ago. The peak of affordability in California was 56% in Q4 2012.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout