Here's how much income is needed to buy an average home in San Diego
Share and Follow


SAN DIEGO (FOX 5/KUSI) — National reports indicated that buying a home in 2024 became more affordable than in the year prior, but San Diego remained one of the most expensive places for prospective homebuyers.

According to a recent report by Redfin, the five least affordable major metros in the U.S. were all in California — San Diego being among them.

In San Diego, someone making the median income would have had to spend more than 67% of their earnings on monthly housing costs if they purchased a median-priced home at $905,463. The change in the share of median income needed to buy a median-priced home went up 0.6 percentage points from 2023.

The household income needed to afford a median monthly housing payment of $6,064 in San Diego was $108,115, according to data on Redfin.

Los Angeles topped the list of least affordable metros, where someone would have had to spend at least 77% of their earnings on monthly housing costs on a median-priced home of $896,060. It was followed by San Francisco (76.2%), Anaheim (75.9%), San Jose (73.9%) and San Diego.

Nationally, someone earning the median household income of $83,782 in 2024 would have had to spend 41.8% of their earnings on monthly housing costs for a $429,734 median-priced home.

That’s just a slight decrease from the prior year, when a homebuyer would have needed to spend 42.2% of their earnings on monthly housing payments.

The good news? In 2024, 25 of the top 50 metros reported improvements on housing affordability in the U.S.

Share and Follow
You May Also Like
UFO footage captured by US Navy shows mysterious aircraft launching from sea, expert says

Over 60 UFO sightings reported whizzing across state in first half of 2025, national tracking group says

NEWYou can now listen to Fox News articles! New York state has…
Former Pink Floyd member Roger Waters faces possible prosecution after supporting banned Palestine Action

Former Pink Floyd member Roger Waters faces possible prosecution after supporting banned Palestine Action

NEWYou can now listen to Fox News articles! Former Pink Floyd songwriter…
Essence Festival New Orleans 2025: Celebrate Black culture with Disney, Hulu and Nat Geo

2025 Essence Festival in New Orleans: Embrace Black culture with Disney, Hulu, and Nat Geo

NEW ORLEANS — The Essence Festival of Culture lights up New Orleans…
Volunteers search debris in Kerr County.

Volunteers are combing through wreckage to find bodies in Texas flood aftermath.

CENTER POINT, Texas (KXAN) — While local, state and federal assets have…
Texas summer camp evacuated 70 staying near river ahead of flooding: 'Saw it coming'

Texas summer camp evacuated 70 staying near river ahead of flooding: ‘Saw it coming’

NEWYou can now listen to Fox News articles! A Texas summer camp…
Ryan Lochte goes Instagram-official with new woman amid divorce from Kayla Rae Reid
Ryan Lochte appears to have moved on romantically amid his divorce from…
Texas flooding: Around 70 wildlife critters rescued after storms

Rescue of Approximately 70 Wildlife Animals After Texas Flooding

AUSTIN (KXAN)– Austin Wildlife Rescue said it has rescued around 70 animals…
Timelapse shows how Texas river of death swelled 30ft in 45 minutes

Video footage demonstrates the rapid rise of lethal Texas river by 30 feet in just 45 minutes.

A dramatic timelapse video has surfaced, revealing how the Texas river experienced…