Department of Numbers

Auburn, Alabama Home Affordability

The data below measures home affordability for the Auburn-Opelika, 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 Auburn home affordability to other cities.

Auburn, 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 Auburn HPI series. Median household income data for Auburn is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Auburn, Alabama Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 111.0
September 2011 110.1
June 2011 108.3
March 2011 114.0
December 2010 114.4
September 2010 116.3
June 2010 114.9
March 2010 115.4
December 2009 128.0

Auburn, 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 Auburn median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Auburn, Alabama Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 93.6
September 2011 92.9
June 2011 91.3
March 2011 96.1
December 2010 96.5
September 2010 98.1
June 2010 96.9
March 2010 97.3
December 2009 105.8

Auburn, Alabama Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Auburn, 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

Auburn, Alabama Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $208,226
December 2011 $207,219
November 2011 $206,469
October 2011 $204,487
September 2011 $203,507
August 2011 $199,655
July 2011 $193,172
June 2011 $194,079
May 2011 $191,155
April 2011 $186,786
March 2011 $186,786
February 2011 $184,447
January 2011 $188,515

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. ↩

Data on deptofnumbers.com is for informational purposes only. No warranty or guarantee of accuracy is offered or implied. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Privacy policy.