Department of Numbers

Anniston, Alabama Home Affordability

The data below measures home affordability for the Anniston-Oxford, Alabama metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Anniston home affordability to other cities.

Anniston, Alabama Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Anniston HPI series. Median household income data for Anniston is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Anniston, Alabama Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 118.3
June 2011 118.5
March 2011 120.8
December 2010 121.6
September 2010 124.7
June 2010 123.7
March 2010 125.3
December 2009 133.7
September 2009 127.8

Anniston, Alabama Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Anniston median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Anniston, Alabama Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 102.0
June 2011 102.2
March 2011 104.2
December 2010 104.8
September 2010 107.5
June 2010 106.7
March 2010 108.1
December 2009 120.7
September 2009 115.3

Anniston, Alabama Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Anniston, Alabama and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Anniston, Alabama Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $192,281
October 2011 $190,436
September 2011 $189,523
August 2011 $185,936
July 2011 $179,899
June 2011 $180,743
May 2011 $178,020
April 2011 $173,951
March 2011 $173,951
February 2011 $171,773
January 2011 $175,562
December 2010 $176,580
November 2010 $185,275

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data. ↩

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