2009-September-Monthly-Market-Indicator | Page 10

Housing Affordability Index

This index measures housing affordability for the region . For example , an index of 120 means the median household income is 120 % of what is necessary to qualify for the median-priced home under prevailing interest rates . A higher number means greater affordability .
September Year to Date
76 73
76 74 66
61
2018 2019 2020
2018 2019 2020
- 5.0 % - 3.9 % - 16.4 % - 5.0 % - 2.6 % - 10.8 %
Affordability Index October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 12-Month Avg
Historical Housing Affordability Index by Month
110
100
90
80
70
60
04-2014
04-2015
04-2016
04-2017
04-2018
04-2019
Current as of October 10 , 2020 . Data is Copyright © 2020 All Rights Reserved . MLS of Hilton Head Island . Provided by the Hilton Head Area Association of REALTORS ® and South Caro