Congratulations San Diego! You just became the least affordable city in California. Based on income and single-family home prices, San Diego has surpassed Los Angeles and even San Francisco in being unaffordable, according to a study by OJO Labs. So is it possible to buy a home here in America’s Finest City, or does it even make sense?
Let’s do the math. The average income in the county is a bit over $68,000 and the median home price is $764,000. A 10% down payment would be $76,400...