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Home Affordability In Santa Rosa Beach Surrounding Area Hits 31 This Week
Real estate professionals are the best resource for their customers' housing and marketplace questions. When your buyers and sellers ask, "How does affordability in Santa Rosa Beach & Surrounding Area stack up?" the following information on home affordability will help you answer real estate marketplace questions and can provide you with a detailed report on all of the zip codes that make up the Santa Rosa Beach & Surrounding Area marketplace.
When looking at what makes homes in a certain area affordable to buyers, factors including home prices, mortgage rates and household income are key. The Affordability Index, provided by HouseCanary, measures median household income relative to the income needed to purchase a median-priced house. This week for Santa Rosa Beach & Surrounding Area, the data show a household earning the median income here of $57,735 would need to spend 31% of their income to afford a median-priced home here, which is currently priced at $294,266. The two-year Affordability Index is forecast to be 34.1%.
Tip: Want to see the Affordability Index for another area? Enter zip code above to see another area report from HouseCanary.
This predictive analytics report and e-newsletter is part of a new collaboration between HouseCanary and RISMedia in an effort to bring real estate professionals timely and local housing data in thousands of regional and local markets across the U.S. Further, RISMedia provides its real estate news, information and business development insights to broker/owners, agents, service providers and other home-related professionals serving the U.S. residential real estate industry.
The data provided from zip code and property address searches within each local market is solely provided by HouseCanary. Although the House Canary data has been produced and processed from sources believed to be reliable; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. To review HouseCanary's full list of terms and conditions, click here. To learn more about HouseCanary's suite of services, visit HouseCanary.com.
To do a property look up for your area go to the main article at http://rismedia.com/msa-branded/?msa=17820&sub=200295391&zip=32459&stat=1
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