What is HUD median income?
Today’s real estate word of the day is HUD.
Median income HUD median income is a medium median family income four for a particular county or metropolitan statistic area, MSA, which happens to be my initials m as a middle name Scott as estimated by the Department of Housing and Urban Development, or HUD.
So there’s your definition. That number is used for calculating many things for finance, financing of homes, what the median income is for that specific area and how much above, and it sets certain limits for for loan amounts.