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KITTITAS COUNTY, WASHINGTON <br />Figure 6. Housing Affordability, 2019 <br />Share of housing units whose occupations spend more than 30 percent of household income on housing expenses <br />(i.e., rent or mortgage payments) <br />Kittitas Yakima <br />County, WA Counly, WA <br />I Owned Units <br />:Lewis County, Bozeman, MTr Washington <br />WA <br />I Rental Units <br />Ellensburg Douglas <br />city, WA County, WA <br />62.1% <br />United States I Grant County,:WA <br />Chelan <br />County, WA <br />56.8% <br />50.5% 50.0%49.6%47.7%44.8% <br />39.9% <br />34.6%31.4% <br />28.6% <br />I <br />3t.5t <br />I <br />28.6% <br />I <br />28.8% <br />I <br />29.0% <br />I <br />29.2% <br />I <br />,30.0% <br />I <br />29.7% <br />I <br />27.8% <br />I I <br />25.9% <br />I <br />Source(s): American Community Survey, 2019 5-year sample; TIP Strategies, lnc. <br />Figure 7. Texas Housing Affordability Index (THAI),2019 <br />This index compares household median income to a typical mortgage payment on a median-priced home. A value of 'l <br />indicates the median income is exactly enough to purchase a median home. Values <1 indicate unaffordability, and <br />values >1 indicate sufficient affordability. Adjust inputs on the right side to modify the mortgage and median income. <br />1.4 <br />1.2 <br />1.0 <br />0.8 <br />0.6 <br />0.4 <br />0.2 <br />0.0 <br />THAI <br />0.7500 1.2500 <br />Eqoo.=6 <br />au> <br />F <br />Source(s): American Community Survey, 2019 5-year sample; TIP Slrategies, lnc. <br />Note(s): The THAI was adapted from the Texas A&M University Real Estate Center by TIP Strategies, lnc. Mortgage payments only include the <br />monthly payments on the loan (does not include insurance 0r tax paymenls). Down payment is the percentage of the home value paid before lhe <br />mortgage. Mortgage inleresl rate is the annual percenlage rate. Mortgage term is the length of the loan in years. Qualifying ratio is the maximum <br />debt-l0-income ratio thal still qualifies for a mortgage. Adiustment shifts the income used in the calculation where 100 percent is the median <br />household income. <br />s'r< <br />E=- <br />gor <br />co <br />EoNoo <br />.E= <br />.=>:<E <br />o(J <br />s=c*OE <br />oc) <br />co <br />ttr.g <br />aG <br />= <br />g5 <br />oqo5o(J <br />.g <. <br />=B(l)- <br />E <br />=oc) <br />F<E=(9* <br />q <br />oc) <br />o36E <br />o <br />cc <br />= <br />o5o <br />o <br />6c:3 <br />o€a! <br />o <br />oc <br />= <br />o <br />o <br />o <br />G <br />= <br />@o6rc <br />o <br />o <br />o36 <br />o <br />o <br />O <br />oEo <br />c, <br />.clo-c' <br />o <br />Ig <br />d'(] <br />o <br />6g <br />= <br />PAGE 21 I ECONOMIC DEVELOPMENT STRATEGIC PLAN