What does “affordable” housing mean for you?
Use OHT’s affordability calculator to find out:
What Can You Afford?
Based on 30% of gross household income (HUD affordability threshold). Income categories per California HCD 2025 State Income Limits, Monterey County.
Monterey County Affordability Reference
2025 HCD Income Limits · Effective May 2025 · AMI: $104,500 (4-person household)
HCD Income Limits by Household Size
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Source: California Department of Housing and Community Development, 2025 State Income Limits (effective April 23, 2025). Sizes 6–8 derived using HUD family-size adjustment factors per 25 CCR § 6932.
Maximum Monthly Housing Payment
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Monthly payment = annual income limit × housing cost percentage ÷ 12. The 30% standard reflects HUD’s affordability threshold.
Estimated Home Purchase Price
| Income Category | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
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Assumptions
Estimated purchase price = maximum supportable loan (P+I) plus down payment, after deducting monthly property tax and insurance from the available housing payment. Actual lending capacity depends on individual credit, debt ratios, and lender requirements.