Housing Affordability Index

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January 1, 1 6 min read Definitions

Housing Affordability Index Real Estate Economic Indicators Home Buying Mortgage Rates National Association of Realtors

The Housing Affordability Index is a statistical indicator that measures the ability of households in a specific area to purchase housing at prevailing prices using currently available financing. It typically compares the median household income to the required monthly payment for a median-priced home in the same area.