ATTOM’s Housing Affordability Index
Get Detailed Affordable Housing Statistics Near You
Housing Affordability Report Overview
ATTOM Data Solutions affordability index quarterly update takes an in-depth analysis into historical home affordability trends. The housing affordability index is available at the county level and can be customized to meet your data needs. Discover areas where home price appreciation is outpacing wage growth as well as the annual income typically needed to buy a home. The housing affordability report determines affordability for average wage earners by calculating the amount of income needed to make monthly house payments — including mortgage, property taxes and insurance — on a median-priced home, assuming a 3 percent down payment and a 28 percent maximum “front-end” debt-to-income ratio.
ATTOM’s Housing Affordability Index Measures Detailed Data
Current Annual Income Needed to Buy a Home
The Percent of Wages Needed to Purchase a Home in Each County
A thorough break down for select counties across the Nation
Counties Where Home Buyers Qualify to Purchase a Home
A Comprehensive QUARTERLY only housing affordability index that goes back historically to Q1 2005
ATTOM’s Affordability Index Helps Indicate Potential Market Disruption
ATTOM’s housing affordability data analyzes median home prices derived from publicly recorded sales deed data collected by ATTOM and average wage data from the U.S. Bureau of Labor Statistics. The housing affordability index is based on the percentage of average wages needed to make a monthly house payment on a median-priced home with a 30-year fixed rate mortgage and a 3 percent down payment, including property taxes, home insurance and mortgage insurance. Average 30-year fixed interest rates from the Freddie Mac Primary Mortgage Market Survey are used to calculate the monthly house payments.
- Discover Historical Trends on Housing Affordability
- Assess Potential Shifts Among Home Buyers
- Create a Detailed Analysis on Market Trends
- Uncover Hidden Gems for Investing
- Discover Historical Trends on Housing Affordability
- Assess Potential Shifts Among Home Buyers
- Create a Detailed Analysis on Market Trends
- Uncover Hidden Gems for Investing
This sample is only a snippet of the full dataset available for purchase. The housing affordability index is available at the county level and can be customized to meet your data needs.
Read our latest housing affordability index.
Top 10 Counties Home Affordability Index
2024 Housing Market Outlook: A Comprehensive Market Analysis
Todd Teta, Chief Product & Technology Officer, for ATTOM and Mike Simonsen, Founder and President of Altos Research, discuss what’s to come for the housing market in 2024, examining essential market indicators and the present housing market situation, assessing the current economic climate, and delving into recent data regarding sales prices, housing inventory, affordability, distressed properties, and related factors.
High-Level Takeaways Include:
- Current housing market trends
- What rising interest rates mean for the market
- Home affordability
- Home sales, prices, and price reductions
- Inventory Forecast for 2024
- Delinquencies, defaults, and the foreclosure market
- And more….
Featuring:
- Todd Teta, Chief Product and Technology Officer, ATTOM Data Solutions
- Mike Simonsen, Founder & CEO, Altos Research