October 2017 Monthly Indicators Hilton-Head_MMI_2017-10 | 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.
October
87
2015
+ 1.2%
Year to Date
85
2016
- 2.3%
90
Affordability Index
89
75
2017
- 11.8%
2015
- 4.3%
2016
- 1.1%
80
2017
- 10.1%
Prior Year Percent Change
November 2016 84 88 -4.5%
December 2016 79 82 -3.7%
January 2017 79 81 -2.5%
February 2017 85 87 -2.3%
March 2017 80 91 -12.1%
April 2017 77 87 -11.5%
May 2017 79 85 -7.1%
June 2017 79 86 -8.1%
July 2017 82 90 -8.9%
August 2017 80 87 -8.0%
September 2017 80 88 -9.1%
October 2017 75 85 -11.8%
12-Month Avg 80 86 -7.5%
Historical Housing Affordability Index by Month
110
100
90
80
70
04-2014
04-2015
04-2016
04-2017
Current as of November 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 Carolina REALTORS®. Report © 2017 ShowingTime. | 10