The National Association of REALTORS® affordability index measures whether or not a typical family could qualify for a mortgage loan on a typical home.

  • A typical home is defined as the national median-priced, existing single-family home as calculated by NAR.
  • The typical family is defined as one earning the median family income as reported by the U.S. Bureau of the Census.
  • The prevailing mortgage interest rate is the effective rate on loans closed on existing homes from the Federal Housing Finance Board.

These components are used to determine if the median income family can qualify for a mortgage on a typical home.


Housing Opportunity Program

Programs, grants, trainings, and resources that help REALTORS® and REALTOR® associations expand housing availability and homeownership opportunities.


The latest from NAR about about COVID-19 (coronavirus), its impact on the real estate industry and events, and federal programs affecting REALTORS®.