Housing Affordability in California: A Tale of Two Cities

Housing Affordability in California: A Tale of Two Cities

Author: The Daily News Now! April 25, 2026 Duration: 1:29
Venice Beach News Today | 2 Min News | The Daily News Now!
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Housing affordability in California improved slightly in 2025, with 19% of households now able to buy a median-priced home, up from 18% last year. However, Southern California remains a challenge, particularly Los Angeles County where only 8% of Black households and 9% of Hispanic or Latino households can afford a median-priced home. Orange County fares slightly better, but still lags behind with 10% of Hispanic or Latino households qualifying. Statewide, homeownership rates show significant disparities, with 64.4% for white households and 36.5% for Black households. Despite potential drops in mortgage rates next year, experts predict these disparities will persist as home prices continue to rise, leaving many families unable to afford homeownership.

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