Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Jonesboro, Arkansas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Jonesboro, Arkansas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 101.0
September 2013 102.9
June 2013 100.4
March 2013 100.3
December 2012 99.7
September 2012 100.2
June 2012 98.4
March 2012 98.8

Jonesboro, Arkansas Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Jonesboro, Arkansas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 94.1
September 2013 95.9
June 2013 93.5
March 2013 93.5
December 2012 93.0
September 2012 93.4
June 2012 91.7
March 2012 92.1

Jonesboro, Arkansas Inferred Affordable Mortgage

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

Jonesboro, Arkansas Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $209,908
January 2014 $206,707
December 2013 $205,978
November 2013 $210,907
October 2013 $212,674
September 2013 $205,254
August 2013 $205,978
July 2013 $208,175
June 2013 $215,755
May 2013 $230,183
April 2013 $232,774
March 2013 $229,329
February 2013 $230,469

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.