WMCA Housing Affordability Ratio MSOA 2020
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Indicator: Housing Affordability Theme: Housing and Regeneration Source: ONS Definition: By dividing the median house price for a given area by its estimated gross annual household income, ONS produce a ratio which serves as an indicator of relative affordability. A higher ratio indicates that on average, it is less affordable for a resident to purchase a house in their MSOA. Conversely, a lower ratio indicates higher affordability in an MSOA. While there are many more factors that influence affordability, this simple ratio provides an overview of geographic differences across England and Wales. Period: 2020
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2024-06-19
