August-Monthly-Indicators | 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
75 76
76 74
68
63
2018 2019 2020
2018 2019 2020
- 6.3% + 1.3% - 17.1% - 5.0% - 2.6%
-8.1%
Affordability Index
September 2019
October 2019
November 2019
December 2019
January 2020
February 2020
March 2020
April 2020
May 2020
June 2020
July 2020
August 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 September 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