Korea Housing Affordability Index Overall Average Regional Comparison By Housing Size About K-HAI Overall Average Excel Download Detail Housing Affordability Index > Whole Average Time Housing Affordability Index Loan Interest Rate**(%) Household Income***(Thousand Won) Index Change from Previous Term Interest Change from Previous Term Income Change from Previous Term Housing Price : Median price in the Korea REAL ESTATE Board housing prices Loan Interest Rate : Mortgage loan interest rates for new loans from deposit banks connected to the Bank of Korea Household Income : Median household income calculated using the data for urban household (2 members or more) income (“Household Trend Survey” by Statistics Korea) and the data for regional conversion rate of monthly income earned by workers in companies with 5 or more employees (“Monthly Labor Statistics” by the Ministry of Employment and Labor) [Close] Year search 2017 Quarter search Quarter 1 Excel Download Detail Housing Affordability Index > Regional Comparison Regional Index Change from Previous Term Year search 2017 Excel Download Detail Housing Affordability Index > By Housing Size Time 60㎡ Below 60 ~ 85㎡ Below 85 ~ 135㎡ Below 135㎡ Excess K-HAI(Korea-Housing Affordability Index) Housing Affordability Index : An index indicating the loan repayment for median income families purchasing a median-priced home with a standard loan. Key Indices in Housing Loan Repayment Burden Korea Housing Affordability Index (K-HAI) indicates a lower housing affordability when it is higher, and vice versa. Purpose : To continuously identify the ability of median income families in Korea to afford a home to use the data for establishing national housing and housing finance policies. Definition : The loan repayment burden for a median income family purchasing a median-priced home with a standard loan. Formula : K-HAI = Available Income for Loan Repayment / Median Household Income X 100 Housing Price : Median price in the Korea Appraisal Board housing prices Loan Interest Rate : Mortgage loan interest rates for new loans from deposit banks connected to the Bank of Korea Household Income : Median household income calculated using the data for urban household (2 members or more) income (“Household Trend Survey” by Statistics Korea) and the data for regional conversion rate of monthly income earned by workers in companies with 5 or more employees (“Monthly Labor Statistics” by the Ministry of Employment and Labor) Meaning of Index Numbers : A K-HAI of 90.1 in Seoul indicates that when a median income household in the city buys a median-priced home, it spends 90.1% of adequate amount (approximately 25% of the household income) to repay its housing mortgage. Higher numbers indicate higher burdens in purchasing a home.
