How much home can your client afford? Real estate professionals are expected to be able to answer a buyer or seller’s housing and marketplace questions. When it comes to home affordability in Naperville and surrounding areas, take a look at RisMedia’s predictive analysis report done in collaboration with HouseCanary.
The Affordability Index, provided by HouseCanary, measures median household income relative to the income needed to purchase a median-priced house.
For Naperville & Surrounding Area, the data shows a household earning the median income here of $61,497 would need to spend 26.2% of their income to afford a median-priced home here, which is currently priced at $277,245.
You can read the rest of the report here: http://rismedia.com/msa-branded/?msa=16980-102&dow=1&sub=202426555&stat=1&zip=60540