This document contains charts and graphs about housing affordability and related issues in major U.S. metropolitan areas and states. It shows data on median home prices relative to incomes, increases in home values from 2012 to 2013, housing costs as a percentage of income, rental rates, poverty rates accounting for housing costs, income required to afford homes, overcrowding, and estimates of the shortage of affordable housing units. The data illustrate significant challenges with housing affordability and availability across many local housing markets in recent years.

1. 4.8
1.5
3
3.7
7.8
5.2
2
4.5
4.1
3.8
3
2.9
3.2
6.2
6.2
3.1
0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0
Seattle
Detroit
Phoenix
Riverside-San Bernardino
San Francisco
Boston
Atlanta
Miami
Washington DC
Philadelphia
Houston
Dallas-Fort Worth
Chicago
Los Angeles
New York
National
Median Multiple
Housing Affordability: 15 Largest MSA’s
Median Multiple: 2012Q3
Median Multiple = Median Home Price ÷ Median Household Income
Data from Demographia International Housing Affordability Survey

2. 32.6%
31.1%
30.1%
24.3%
22.8%
20.8%
14.7%
11.9% 11.3%
8.2% 7.6%
6.6%
2.2% 1.4% 1.2%
0%
5%
10%
15%
20%
25%
30%
35% SanFrancisco-
Oakland
Atlanta
Phoenix
Riverside-
SanBernardino
LosAngeles+
OrangeCounties
Miami
SanDiego
WashingtonD.C.
U.S.Average
Dallas-FortWorth
Houston
Boston
Philadelphia
Chicago
NewYork
Increase2012-2013(FirstQuarter)
Change in Median House Prices: 2012-13
Major Metropolitan Areas & National Average
From National Association of Realtors

3. 4.8
1.5
3.0
3.7
7.8
5.2
2.0
4.5
4.1
3.8
3.0
2.9
3.2
6.2
6.2
3.1
0 1 2 3 4 5 6 7 8
Seattle
Detroit
Phoenix
Riverside-San Bernardino
San Francisco
Boston
Atlanta
Miami
Washington D.C.
Philadelphia
Houston
Dallas-Fort Worth
Chicago
Los Angeles
New York
U.S. Average
Median Multiple
Housing Affordability: 15 Largest MSAs
Median Multiple, 2012Q3
Median Multiple = Median Home Sale Price ÷ Median Household Income
From Demographia, International Housing Affordability Survey

4. 6.4
3.5
5.5
3.1
9.2
5.55.5
2.9
8.6
4.9
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
California Outside California
MedianValueMultiple
All
Non-Hispanic White
African-American
Asian
Hispanic
Housing Affordability by Ethnicity
Median Value Multiple of Major Metropolitan Areas, 2011
Median Value Multiple = Median House Value ÷ Median Household Income
From Census Bureau, American Community Survey 2011

5. 41%
39%
35%
35%
34%
27%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Miami
Los Angeles
New York
Orlando
San Diego
U.S. Average
Working Households with Severe Housing Burdens
Severe Housing Burden (50%+ of Income)
Worst Ranking Major Metropolitan Areas, 2011
From National Housing Conference, Housing Landscape 2013

6. $1,308
$1,174
$1,153
$1,135
$1,062
$1,058
$871
$0 $200 $400 $600 $800 $1,000 $1,200 $1,400
Hawaii
California
Maryland
New Jerey
Virginia
New York
U.S. Average
Median Monthly Gross Rent
Median Gross Rent: Highest States
From Census Bureau, American Community Survey 2011

7. 16.3%
19.0% 19.2%
15.3% 15.1% 15.0%
23.5% 23.2%
19.8% 19.5% 19.4%
15.8%
0%
5%
10%
15%
20%
25%
California District of
Columbia
Arizona Florida Nevada U.S. Average
Official Poverty Rate
Poverty Rate with Housing Cost Adjustment
Poverty Rate by State & DC: 2009-2011
Experimental Measure with Housing Cost Adjustment
From Census Bureau

8. $138,000
$116,200
$80,700
$41,000
$42,400
$67,600
$34,700
$122,700
$103,300
$71,700
$36,400
$37,700
$60,100
$30,600
$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000
San Jose
San Francisco
San Diego
Sacramento
Riverside-San Bernardino
Los Angeles & Orange
Counties
U.S. Average
Minimum Qualifying Income
20% Down Payment
10% Down Payment
Qualifying Income: California & US
Median Priced Single-Family Home, 2013Q1
From National Association of Realtors

9. $100,305
$88,258
$79,414 $77,745
$56,908
$41,453
$28,280
$24,042
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
Biomedical
Engineer
Nurse(RN)
Computer
Programmer
Elementary
School
Teacher
Carpenter
Construction
Laborer
Retail
Salesperson
Personal&
HomeCare
Aide
One Can Afford a Home if One Commutes
Orange County Wages & Riv-S’Bdo Prices, 2013Q1
$42,420 – if one
chooses to live in
Riverside-San
Bernardino
Orange County Wages
$117,471 – if one chooses
to live in Orange County
“Qualifying income (with 10% down payment)” data from National Association of Realtors & actual wage data from California Employment Development Dept.

10. $29.27
$26.62
$25.96
$22.42
$22.29
$21.65
$18.73
$17.54
$15.62
$14.33
$13.83
$0
$5
$10
$15
$20
$25
$30
SanFrancisco
Orange
County
SanJose
Boston
LosAngeles
County
SanDiego
Riverside-
San…
Seattle
Austin
Minneapolis
Dallas
Hourly Wage Needed to Afford a 1-BR Unit
Fair Market Rent for a One-Bedroom Unit, 2012
Fair market rent data from U.S. Housing and Urban Development

11. 7.5%
6.0%
4.3% 4.2%
4.0%
1.8%
0%
1%
2%
3%
4%
5%
6%
7%
8%
Los Angeles San Jose San Francisco New YorkRiverside-San BernardinoU.S. Average
ShareofHousing
Overcrowded Rental Housing: 1.5+/Room
Select Metropolitan Areas & National Average
From Census Bureau, American Community Survey 2011

12. 7.4%
6.1%
5.4%
5.1% 4.9%
4.5% 4.4%
4.1%
3.7%
0%
1%
2%
3%
4%
5%
6%
7%
8%
Riverside-
San
Bernardino
LA+Orange
Counties
SanAntonio
SanJose
SaltLakeCity
Dallas-
FortWorth
Houston
NewYork
Averageof51
LargestMSAs
ShareofHousing
% of Households with More Than One Family
Highest Large Metro Areas & National Metro Average
From Census Bureau, American Community Survey 2007-2011

13. 2.6%
2.7%
3.2%
3.3% 3.3%
2.4%
2.5%
2.6%
2.7%
2.8%
2.9%
3.0%
3.1%
3.2%
3.3%
3.4%
2007 2008 2009 2010 2011
% of Households with More Than One Family
National Average, 2007-2011
From Census Bureau, American Community Survey 2007-2011

14. 281,677
254,629
134,962
103,902 96,390 91,754
77,330 75,792
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
NewYork
LA+Orange
Counties
Chicago
Dallas-Fort
Worth
Riverside-
SanBernardino
Houston
Miami
Philadelphia
A Measurement of “Housing Shortage:”
Number of Households with More Than One Family
From Census Bureau, American Community Survey 2011

15. 1.5
7.1
0
1
2
3
4
5
6
7
8
United States California
MillionsofUnits
Affordable Housing Shortage: 2011
For Extremely Low Income Households
U.S. data from National Low Income Housing Coalition (NLIHC); California estimate created based on NLIHC data

16. Issues Going Forward
• Current housing boom dominated by
investors
• Not enough new, affordable housing
stock of every kind
• Economic strategy should always
include housing