LOS ANGELES, CA \u2014 Housing affordability in California improved slightly in 2025, but Southern California remained among the least affordable regions, while significant gaps persisted for Black households, according to a report released Friday by the California Association of Realtors.<\/p>\n
According to CAR, 19% of California households earned enough income to purchase a median-priced home in 2025, up from 18% the previous year.<\/p>\n
In Los Angeles County, affordability remained among the lowest in the state, particularly for minority households. Only 8% of Black households and 9% of Hispanic\/Latino households could afford a median-priced home, according to the report.<\/p>\n
Orange County also ranked among the least affordable markets. According to CAR, 15% of white non-Hispanic households, and 18% of Asian households could afford a median-priced home, while just 10% of Hispanic\/Latino households had the same ability.<\/p>\n
The statewide median price for a detached home was $875,550 in 2025. A minimum annual income of $221,200 was required to afford monthly payments of about $5,530, including taxes and insurance, assuming a 20% down payment and a 30-year fixed-rate mortgage at 6.71%, according to the association.<\/p>\n
Affordability gains were seen across all demographic groups, but disparities persisted. Twenty-nine percent of Asian households and 23% of white non-Hispanic households could afford a median-priced home, compared to 11% each for Black and Hispanic\/Latino households.<\/p>\n
The gap between Black households and the overall population widened to 8.7 percentage points in 2025, while the gap for Hispanic\/Latino households narrowed slightly to 7.9 percentage points, the report found.<\/p>\n
Statewide homeownership rates also varied widely, with 64.4% for white households, 61.6% for Asian households, 45.9% for Hispanic\/Latino households and 36.5% for Black households, according to U.S. Census data cited in the report.<\/p>\n
The association said affordability gaps are expected to remain wide in 2026 even if mortgage rates decline, as home prices are projected to continue rising.<\/p>\n","protected":false},"excerpt":{"rendered":"LOS ANGELES, CA \u2014 Housing affordability in California improved slightly in 2025, but Southern California remained among the…\n","protected":false},"author":2,"featured_media":284840,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[48,52,51,47,50,49],"class_list":{"0":"post-284839","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-la","9":"tag-la-headlines","10":"tag-la-news","11":"tag-los-angeles","12":"tag-los-angeles-headlines","13":"tag-los-angeles-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/284839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=284839"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/284839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/284840"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=284839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=284839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=284839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}