Single Family Homes For Sale in Clark County are Still Affordable

Even though home prices are appreciating rapidly in Clark County.  They cannot keep up with effects of low interest rates and rising income.  While affordability is trending down, home prices are still more affordable than average.


It should be noted that this is based on the Washington State OFM Estimate for average income in 2015.  That number could be revised down, which would impact affordability.  However, it also assumes no increase in income levels from 2015 to 2016.  I believe this is conservative.  Affordability in 2016 may be even higher than shown here.

But the year is young.  And if prices continue to increase, or interest rates increase, then affordability could drop rapidly.

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