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 2011	115.2
September 2011	113.0
June 2011	112.2
March 2011	113.7
December 2010	113.7
September 2010	114.2
June 2010	113.5
March 2010	110.0
December 2009	108.4

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 2011	101.2
September 2011	99.3
June 2011	98.6
March 2011	99.9
December 2010	99.9
September 2010	100.3
June 2010	99.7
March 2010	96.6
December 2009	98.2

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
January 2012	$187,843
December 2011	$186,934
November 2011	$186,257
October 2011	$184,470
September 2011	$183,586
August 2011	$180,111
July 2011	$174,263
June 2011	$175,080
May 2011	$172,443
April 2011	$168,501
March 2011	$168,501
February 2011	$166,391
January 2011	$170,062