San Diego Housing Affordability at 17% | San Diego News

San Diego’s housing market remains painfully unaffordable, with just 17% of households able to buy the median-priced home—now a whopping $1.075 million—requiring an annual income of $268,000. While that’s flat from Q1 and slightly better than last year’s 16%, affordability is still near historic lows, driven by soaring prices and rising mortgage rates. Across California, the situation is even worse: affordability dropped to 19%, down from a four-year high of 22%, as median home prices surged 8.7% and rates climbed to 6.54%. For most, homeownership feels like a distant dream, demanding serious financial planning—and maybe a bit of luck. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/65a3868a21f0581f