Two additional housing affordability indexes are provided based on 80% of median household income and 60% of median household income. These two indexes mathematically adjust the Overall Housing Affordability Index to reflect housing affordability for households at lower income levels.

 

 

 

 

 

 

The Housing Affordability Index adjusted for 60% of Median Household Income answers the question, “For the typical household with income at 60% of the median household income for the area, what is the percent of household income that is required to own or rent the typical house?”