Department of Numbers

Huntsville, Alabama Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Huntsville, Alabama Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 116.4
June 2011 117.0
March 2011 117.8
December 2010 119.4
September 2010 119.8
June 2010 119.9
March 2010 120.3
December 2009 115.1
September 2009 116.0

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Huntsville, Alabama Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 109.2
June 2011 109.8
March 2011 110.6
December 2010 112.0
September 2010 112.4
June 2010 112.5
March 2010 112.8
December 2009 109.0
September 2009 109.9

Huntsville, Alabama Inferred Affordable Mortgage

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

Huntsville, Alabama Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $274,641
October 2011 $272,006
September 2011 $270,702
August 2011 $265,578
July 2011 $256,955
June 2011 $258,161
May 2011 $254,272
April 2011 $248,460
March 2011 $248,460
February 2011 $245,349
January 2011 $250,761
December 2010 $252,215
November 2010 $264,634

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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