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Sourcebook HAISold Housing Affordability Indexes
 
In addition to the affordability index and components based on median household income, a Sold Affordability Index based on median owner income and a Sold Affordability Index based on median renter income are provided. These indexes reflect affordability of sold housing at both median owner and renter incomes. (Based on the Principal, Interest, Taxes, and Homeowner’s Insurance (PITI) payment for the median unit sold).


This chart shows the trend over time of affordability of sold housing based on the median owner and renter income. Quarterly data are shown at the median owner income which represents the percent of the median household income of owners required to occupy the median sold unit and the percent of median renter income to occupy the median sold unit.
 
  • What percentage of a typical owner’s income is needed to afford a typical house for sale?

  • What percentage of a typical renter's income is needed to afford a typical house for sale?

Affordability of Sold Housing at Median Owner and Renter Incomes
Virginia


Dashed lines = Data not available for one or more quarters.

Note: A small number of sales may cause erratic trends.

Sources: MLS Sales Data (Virginia Association of REALTORS®); U.S. Census, American Community Survey;
and Virginia Tech Center for Housing Research.

Statewide Map of Sold Housing Affordability at Median Owner Income

This map, for the most recent quarter, shows the affordability of the typical sold unit based on the median household income of owners for Virginia Counties and Independent Cities. The map allows for a visual comparison of housing affordability of sold units at the median income of renters for localities in Virginia. Darker shading indicates a higher index (meaning a larger percent of owner income is needed for sold housing).  For area specific housing affordability information, use the drop down menus above to access the data. Click map for larger version.
 
 
 
 
 

Statewide Map of Sold Housing Affordability at Median Renter Income

This map, for the most recent quarter, shows the affordability of the typical sold unit based on the median household income of renters for Virginia Counties and Independent Cities. The map allows for a visual comparison of housing affordability of sold units at the median income of renters for localities in Virginia. Darker shading indicates a higher index (meaning a larger percent of renter income is needed for sold housing). For area specific housing affordability information, use the drop down menus above to access the data. Click map for larger version.
 
 
 





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