Housing affordability declined in Los Angeles and Orange counties due to higher mortgage rates and rising home prices. In Los Angeles County, 17% of households could afford the median-priced home at $879,900, requiring an income of $219,200. Orange County affordability dropped to 15% for a $1.485 million home, needing $370,000 income. Statewide affordability fell to 19%, with a median home price of $916,750 and a required income of $228,400.