How Shasta County Stacks Up In Affordability

Surprising enough, Shasta County is doing pretty well compared to the rest of California, when it comes to home affordability. In Shasta County the median household income is $46,870, the median home price is $231,820, the house price that a median income household can afford is $236,910, which makes a difference of -$5,090 (or -2.1%); this means that homes are affordable within Shasta County – with Shasta County being one of the six areas that can boast this (the others being San Bernardino, Fresno, Kings County, Madera, Merced, & Tulare). Following is a breakdown of how California, Sacramento, Santa Cruz, Los Angeles, and San Francisco are fairing compared to us:

  • California: $60,240 median income, $446,980 median price, $304,490 price that median income household can afford, $142,490 difference (46.8%)
  • Sacramento: $53,880 median income, $282,770 median price, $272,310 price that median income household can afford, $10,460 difference (3.8%)
  • Santa Cruz: $70,960 median income, $672,570 median price, $358,650 price that median income household can afford, $313,918 difference (87.5%)
  • Los Angeles: $54,510 median income, $436,010 median price, $275,530 price t hat median income household can afford, $160,481 difference (58.2%)
  • San Francisco: $75,910 median income, $1,247,570 median price, $383,670 price that median income household can afford, $863,899 difference (225.2%)

How Big A Mortgage Can I Afford?

Rent: _____

Multiplier: x 1.32

Mortgage Payment: ______

For more help, use Dannie Mae’s online mortgage calculators at http://www.fanniemae.com/homebuyers/calculators/index.jhtml?p=Resources&s=Calculators