Department of Numbers

Yuma, Arizona Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Yuma, Arizona Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 102.1
September 2011 102.6
June 2011 102.0
March 2011 107.4
December 2010 111.8
September 2010 116.7
June 2010 116.1
March 2010 120.1
December 2009 134.1

Yuma, Arizona Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Yuma, Arizona Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 90.2
September 2011 90.7
June 2011 90.1
March 2011 94.9
December 2010 98.8
September 2010 103.0
June 2010 102.6
March 2010 106.1
December 2009 108.5

Yuma, Arizona Inferred Affordable Mortgage

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

Yuma, Arizona Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $223,343
December 2011 $222,263
November 2011 $221,458
October 2011 $219,333
September 2011 $218,281
August 2011 $214,150
July 2011 $207,196
June 2011 $208,169
May 2011 $205,033
April 2011 $200,346
March 2011 $200,346
February 2011 $197,838
January 2011 $202,201

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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