Central Valley Home Affordability Rises as Statewide Rates Decline

Home affordability in California’s Central Valley has improved, even as statewide rates have decreased. According to the latest data from the California Association of Realtors, only 15% of households across the state can afford a median-priced home, which is currently set at $905,680. This figure marks a decline from 17% in the previous quarter and a slight increase from 14% a year ago.

In stark contrast, the Central Valley presents a more optimistic picture for potential homebuyers.

Affordability in the Central Valley

In Fresno County, 30% of households can afford the median home price of $435,000, up from 29% in the first quarter of 2025 and 28% a year ago. The minimum qualifying income for this purchase is $111,600, with an estimated monthly payment of $2,790.

Meanwhile, Tulare County reported steady affordability at 30%, unchanged from both the previous quarter and the same period last year. The median home price here stands at $385,000, requiring a minimum income of $98,800 and resulting in a monthly payment of $2,470.

In Kings County, which is recognized as the most affordable county in the Central Valley, 34% of households can manage the median home price of $365,000. This reflects an increase from 33% in the previous quarter and 29% a year ago. Buyers in Kings County need a minimum qualifying income of $93,600, with monthly payments estimated at $2,340.

Finally, Madera County saw an improvement in affordability, with 31% of households able to purchase a median-priced home of $440,000. This is an increase from 29% in both the previous quarter and the same period last year. The qualifying income here is $112,800, with monthly payments around $2,820.

Statewide Trends and Comparisons

Statewide, Lassen County remains the most affordable region, with 46% of households able to afford a median home. This county also has the lowest qualifying income requirement at $73,200. Following Lassen County in affordability are:

– Glenn County – 39% affordability
– Tuolumne County – 38% affordability

On the contrary, Mono County is marked as the least affordable, with only 8% of households capable of purchasing a home. Close behind are Monterey County and Santa Barbara County, both with only 10% affordability. Each of these counties necessitates an annual income of at least $232,800 to qualify for a median-priced home.

The highest income requirement is found in San Mateo County, where prospective buyers must earn at least $564,800 annually. Only 16% of households there can afford a home. Other high-income counties include Santa Clara County with 17% affordability and a minimum income of $504,000, and San Francisco County with 19% affordability, requiring an income of $459,200.

Overall, while the trend shows a decline in statewide home affordability, the Central Valley continues to offer promising opportunities for homebuyers, reflecting a significant divergence in housing markets across California.