Department of Numbers

Pine Bluff, Arkansas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Pine Bluff, Arkansas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 128.3
September 2011 125.5
June 2011 130.5
March 2011 125.2
December 2010 133.4
September 2010 135.0
June 2010 133.2
March 2010 137.2
December 2009 133.9

Pine Bluff, 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 Pine Bluff median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Pine Bluff, Arkansas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 104.0
September 2011 101.8
June 2011 105.8
March 2011 101.5
December 2010 108.2
September 2010 109.4
June 2010 108.0
March 2010 111.3
December 2009 128.8

Pine Bluff, Arkansas Inferred Affordable Mortgage

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

Pine Bluff, Arkansas Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $176,845
December 2011 $175,990
November 2011 $175,352
October 2011 $173,669
September 2011 $172,837
August 2011 $169,566
July 2011 $164,060
June 2011 $164,830
May 2011 $162,347
April 2011 $158,636
March 2011 $158,636
February 2011 $156,649
January 2011 $160,105

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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