October 2022 Market Indicators Monthly Market Indicator Report October 2022 | 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
Year to Date
66
60 58
52 48
49
2020 2021 2022
2020 2021 2022
- 9.1 % - 13.3 % - 7.7 % - 9.6 % - 12.1 % - 15.5 %
Affordability Index November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 12-Month Avg
Historical Housing Affordability Index by Month
110
100
90
80
70
60
50
40
04-2014
04-2015
04-2016
04-2017
04-2018
04-2019
04-2020
04
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