Department of Numbers

Dothan, Alabama Home Affordability

The data below measures home affordability for the Dothan, 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 Dothan home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Dothan, Alabama Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 117.5
September 2011 118.5
June 2011 116.2
March 2011 121.1
December 2010 124.7
September 2010 124.1
June 2010 120.0
March 2010 123.0
December 2009 136.6

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Dothan, Alabama Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 100.1
September 2011 100.9
June 2011 99.0
March 2011 103.2
December 2010 106.2
September 2010 105.7
June 2010 102.2
March 2010 104.8
December 2009 107.8

Dothan, Alabama Inferred Affordable Mortgage

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

Dothan, Alabama Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $204,297
December 2011 $203,309
November 2011 $202,573
October 2011 $200,629
September 2011 $199,667
August 2011 $195,888
July 2011 $189,528
June 2011 $190,417
May 2011 $187,549
April 2011 $183,262
March 2011 $183,262
February 2011 $180,967
January 2011 $184,959

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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