Online Resources
- HOUSINGPOLICY.ORGOnline guide to state and local housing policy
- FORECLOSURE-RESPONSE.ORGResources to help state and localities prevent foreclosures
- HOUSINGPOLICY.ORG FORUMPose questions, exchange ideas, and learn from the experience of others
- PAYCHECK TO PAYCHECKAn interactive database comparing wages and housing costs
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Data on the median-priced home are from the National Association of Home Builders' Housing Opportunity Index for the first quarter (1Q) of 2012. Click here for metro area definitions. The annual income needed to qualify for a mortgage was calculated using the average prevailing interest rate, assumes a 10 percent downpayment and the use of private mortgage insurance, and includes principal, interest, taxes and insurance.
Wage data are as of February 2012 and were obtained from a proprietary database of salary information by geographic location maintained by Salary.com.
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The nationwide fair market rent (FMR) is a national average calculated and published by the National Low Income Housing Coalition in Out of Reach 2012 using the U.S. Department of Housing and Urban Development's report on Fair Market Rents for the fiscal year 2012. FMRs are based on a survey of recently occupied units. The Income Needed to Afford is the annual income that must be earned so that this rent does not exceed 30 percent of income, a standard measure of affordability.
Wage data are as of February 2012 and were obtained from a proprietary database of salary information by geographic location maintained by Salary.com.