Income needed to afford an Orange County home now at $154,120 a year

Source: Orange County Register

Unless you have a huge bank account, you need to earn $154,120 a year to afford the median-priced Orange County house, the California Association of Realtors® reported Monday, May 15. Just 21 percent of Orange County households met that benchmark during the first quarter of 2017, the period covered in CAR’s latest affordability report. Home prices were slightly more affordable in Los Angeles County. Minimum annual earnings needed to afford the median-priced house there was $99,830 during the first quarter of the year – just shy of a six-figure income. The region’s most affordable housing remains in the Inland Empire. You need an annual income of $75,000 to afford the median-priced house in Riverside County and $52,790 for the median-priced house in San Bernardino County.