The median price of a home in California in 2020 hovered near $700,000, according to the California Association of Realtors. And while home prices vary widely depending on the region, Los Angeles, San Diego, San Jose, San Francisco and Sacramento were the least affordable areas for first-time buyers among the 50 largest metros in the U.S. in the fourth quarter of 2020, according to a NerdWallet affordability report.