September 2016 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.
September
Affordability Index
Year to Date
94
90
100
87
87
87
2014
2015
2016
2014
2015
2016
--
- 13.0%
0.0%
--
- 4.3%
- 3.3%
Prior Year
Percent Change
October 2015
87
86
+1.2%
November 2015
88
91
-3.3%
December 2015
82
89
-7.9%
January 2016
81
106
-23.6%
February 2016
87
95
-8.4%
March 2016
91
99
-8.1%
April 2016
87
90
-3.3%
May 2016
85
90
-5.6%
June 2016
84
85
-1.2%
July 2016
88
88
0.0%
August 2016
84
86
-2.3%
September 2016
87
87
0.0%
12-Month Avg
86
91
-5.6%
Historical Housing Affordability Index by Month
110
105
100
95
90
85
80
04-2014
04-2015
04-2016
Current as of October 10, 2016. Data is Copyright © 2016 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2016 ShowingTime. | 10