In Q2 2026, 19% of California households could afford the $916,750 median-priced home, down from 22% the previous quarter but up from 17% a year earlier. A $228,400 annual income was needed for monthly payments of $5,710 at a 6.54% mortgage rate. Condo affordability was higher at 30%, requiring $166,800 income. Mortgage rates rose to 6.54%, and median home prices increased 8.7% from the prior quarter. Affordability declined in most counties but improved year-over-year statewide.