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2 Results
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Tags > housing affordability
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The Housing Affordability Index, calculated by the Runstad Center for Real Estate Studies, measures the ability of a middle-income family to carry the mortgage payments on a median-price home. When the index is 100 there is a balance
between the family’s ability to pay and the cost. Higher indexes indicate housing is more affordable.
between the family’s ability to pay and the cost. Higher indexes indicate housing is more affordable.
For example, an index of 126 means that a median-income family has 26 percent more income than the bare minimum required to qualify for a mortgage on a median-price home. An index of 80 means that a median-income family has less income than the minimum required.
Updated
September 15 2023
Views
239
This dataset provides a quarterly count of affordable housing units by housing project type.
Updated
November 16 2022
Views
21
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