Last calendar month the Housing Affordability Story Map used Esri’s Housing Affordability Index to map the local affordability of housing across the United States. The map looked at the percentage of average income inward an surface area to the size of the average mortgage to produce upwards one's heed how affordable local belongings is for local people.
Mortgage Magnitude is some other Esri floor map which uses the Housing Affordability Index to present how affordable belongings is for local people across the United States. This map equally good looks at the median local income in addition to median local dwelling identify value to present the relative affordability of belongings inward each US county.
The success of Mortgage Magnitude is due inward large business office to the elementary measuring of belongings values to the local median salary. In other words the value of the average belongings is expressed inward the unwrap of years salary it costs. This measuring is represented visually on the floor map yesteryear the unwrap of ruddy people (each someone representing ane year's income).
This elementary class of measuring is in addition to thus used to hold back at the affordability of housing across the United States. As you lot scroll through the floor map Mortgage Magnitude is able to present you lot counties inward the USA where local belongings costs approximately ane year's income (in other words where belongings is reasonably affordable). It in addition to thus progresses to present you lot counties where belongings is approximately 2 years full salary, 3 years salary, iv years salary in addition to thus on ... until nosotros accomplish 9-10 years local salary for those living inward some California coastal counties.
