Housing Affordability Index

The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data.

Housing Affordability Index data are provided by NAR solely for use as a reference. No part of the data may be reproduced, stored in a retrieval system, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without NAR's prior written consent for those who are not members of NAR.

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Data

Monthly Index

The Monthly Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent monthly price and income data.

Monthly Housing Affordability Index for printing (PDF: 34 KB)
Monthly Housing Affordability Index for database work (Excel: 43 KB)

*Median Family Income: NAR uses Income data from the Census Bureau American Community Survey. Census income data is not available for later than 2016. Thus, NAR projects income levels for later than 2016. Specifically, median family income estimates are based on the average of wage growth and last year’s actual income growth.

Quarterly Index

The Quarterly Housing Affordability Index measures whether or not a typical family qualifies for a mortgage loan on a typical home at the national and regional levels based on quarterly price and income data, as well as a look at affordability conditions for first time buyers.

First-time Homebuyer Affordability for printing (PDF: 13 KB)
First-time Homebuyer Affordability for database work (Excel: 31 KB)

Quarterly Housing Affordability for printing (PDF: 12 KB)
Quarterly Housing Affordability for database work (Excel: 31 KB)

Metropolitan Index

The metropolitan index shows the existing single-family home affordability index over the past three years, by metropolitan area.

Metro Affordability 2016 for printing (PDF: 479 KB)
Metro Affordability 2016 for database work (MS Excel: 67 KB)

Revised Historical Data

In accordance with revised personal income estimates and newly released data on family incomes from the American Community Survey, NAR has released revised estimates of monthly housing affordability back to January 2013 and revised annual estimates back to 2016.

Revised Historical Data (MS Excel: 64 KB)

Historical Information

Historical data can be purchased in the REALTOR® Store.

Next Monthly Release

NAR will release its next monthly report on housing affordability on Tuesday, December 12, 2017, at 10:00 a.m. ET.


Next Quarterly Release

NAR will release its next quarterly report on housing affordability on Tuesday, February 13, 2018, at 10:00 a.m. ET.


Questions?

If you have questions about this data, please email them to data@realtors.org.

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