August 2017 Monthly Indicators Hilton-Head_MMI_2017-08 | 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.
August Year to Date
86 87 89 88
80 80
2015 2016 2017
2015 2016 2017
- 9.5 % + 1.2 %- 8.0 %- 5.3 %- 1.1 %-9.1 %
Affordability Index September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 12-Month Avg
Historical Housing Affordability Index by Month
110
100
90
80
70
04-2014
04-2015
04-2016
Current as of September 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