Industry Report Says Housing Affordability Slips to 25%
- Share via
Housing affordability in Orange County and elsewhere in Southern California continued to drop in June, a real estate trade organization reported Thursday.
In Orange County, 25% of the households could afford a mid-priced home in their region, down from 33% a year earlier, according to the California Assn. of Realtors.
San Diego was the least affordable county in the Southland, as only 23% of the households could afford to purchase a median-priced home there, the group found.
The index measuring housing affordability in Ventura County tumbled to 25% from 44% a year earlier. In Los Angeles County, affordability was 39%; Riverside and San Bernardino counties ranked the most affordable, at 47%.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.