April 2017 Monthly Indicators Hilton-Head_MMI_2017-04 | 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 .
April Year to Date
90 87 78
96 87
80
2015 2016 2017
2015 2016 2017
+ 1.1 % - 3.3 % - 10.3 % + 7.9 % - 9.4 % -8.0 %
Affordability Index May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 12-Month Avg
Historical Housing Affordability Index by Month
110
100
90
80
70
04-2014
04-2015
04-2016
Current as of May 10 , 2017 . Data is Copyright © 2017 All Rights Reserved . MLS of Hilton Head Island . Provided by the Hilton Head Area Association of REALTORS ® and South Caro