Several economic issues that are sensitive to fluctuations in exchange rates, environmental changes, and variations in the regional and worldwide economies, affect how affordable housing is in Malaysia. These determinants include Property Prices (PP), Household Income Level (HIL), Interest Rates (IR), Cost of Living (CoL), Housing Supply and Demand (HSD), types of jobs, housing policies, etc. This study investigates the economic elements that affect Housing Affordability (HA) in Malaysia. This study employs a survey report to derive data on HIL, vital requirements, and Household Expenses (HE) for 2019. The data was selected after employing the purposive sampling technique. The data was analysed using qualitative methodologies. The findings highlight five significant economic variables affecting HA in Malaysia, namely HIL, PP, IR, CoL, and HSD. Thus, in Malaysia, a household's ability to purchase a home is determined by HIL, PP, and CoL. This study showed that stakeholders and policymakers need to pay a lot of attention to the above elements to certify that everyone, irrespective of their HIL or circumstances, has an equal opportunity to access Affordable Housing (AH) in Malaysia.