Housing Affordability Index

Data

The National Association of REALTORS®' Housing Affordability Index is based on the relationship between median home price, median family income and average mortgage interest rate.

From one year ago, affordability is down as lower mortgage rates and higher incomes have not completely offset home price gains.

Calculation assumes 20% down payment at current mortgage rates assuming a qualifying income ratio of 25% for PI; no assessment of buyer credit worthiness or total DTI or cash on hand.

Monthly Index

The Monthly Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent monthly price and income data.

Monthly Housing Affordability Index for printing (PDF: 61 Kb)
Monthly Housing Affordability Index for database work (Excel: 31 Kb)

Quarterly Index

The Quarterly Housing Affordability Index measures whether or not a typical family qualifies for a mortgage loan on a typical home at the national and regional levels based on quarterly price and income data, as well as a look at affordability conditions for first time buyers.

First-time Homebuyer Affordability for printing (PDF: 14K)
First-time Homebuyer Affordability for database work (Excel: 29K)

Quarterly Housing Affordability for printing (PDF: 12K)
Quarterly Housing Affordability for database work (Excel: 28K)