The California Association of Realtors reports the average family needs an additional 70-thousand dollars a year in income to afford a median-priced home, which costs 530-thousand dollars.
The report says the gap between what a family makes and what is needed to qualify for a home has widened by 30 percent over the past twelve months.
Robert Kleinhenz, an economist for the association says the gulf between income and the amount needed to qualify for a home in the Central Valley is the narrowest in the state.
"It's the only region of the state that we track, where the median price is actually below 500 thousand dollars at this time."
The gap is the largest in the San Francisco bay area. The average household there falls 100-thousand dollars short of the annual income needed to afford a median priced home of 750-thousand dollars.