Korea Housing Opportunity Index Overall Average Regional Comparison About K-HOI Excel Download Detail Housing Opportunity Index > Overall Average Year Overall Seoul Busan Daegu Incheon Gwangju Daejeon Ulsan Sejong Gyeonggi Gangwon Chungbuk Chungnam Jeonbuk Jeonnam Gyeongbuk Gyeongnam Jeju Year search 2017 Excel Download Detail Housing Opportunity Index > Regional Comparison Year Overall Seoul Busan Daegu Incheon Gwangju Daejeon Ulsan Sejong Gyeonggi Gangwon Chungbuk Chungnam Jeonbuk Jeonnam Gyeongbuk Gyeongnam Jeju K-HOI(Korea-Housing Opportunity Index) Korea Housing Opportunity Index : Percentage of all homes in Korea that is considered to be affordable, indicating the quantity of affordable homes. Key Indices of Housing Finance Opportunity Korea Housing Opportunity Index (K-HOI) is a measure of housing affordability expressed as the percentage of homes considered affordable for a family earning the median income. Lower number indicates a higher quantity of homes that can be afforded by median income families, and vice versa. A K-HOI of 100 means that the median income families can purchase 100% of the houses in the area. Background : K-HOI is a Korean adaptation of Housing Opportunity Index (HOI) currently used in the U.S. Market. Definition : The number of houses considered affordable median income families divided by the number of all houses (including apartments). Formula : K-HOI = Number of Affordable Homes * (n) / Number of All Homes (N) X 100 Meaning of Index Numbers : A K-HOI of 27.4 in Seoul means that a family earning the median income in the city can afford 27.4% of all homes in Seoul using its own capital and loans. A lower number indicates a higher burden of affording housing in the area, while a higher number means that it is easier to purchase a home. K-HAI · K-HOI Comparison Chart K-HAI · K-HOI Comparison Chart Category K-HAI K-HOI Key Variables Loan Interest Rate, Household Income, Housing Price Same as Left, Housing Inventory, Household Net Asset Ease of Home Purchase Easier to purchase a home when the index is smaller (lower burden) Easier to purchase a home when the index is smaller (lower burden) Announce Cycle Quarter (of a year) During the course of a year
