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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Stockton, California Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Stockton, California Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 113.4
September 2013 108.2
June 2013 100.3
March 2013 93.4
December 2012 89.5
September 2012 86.7
June 2012 83.9
March 2012 83.3

Stockton, California Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Stockton, California Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 85.9
September 2013 81.9
June 2013 76.0
March 2013 70.8
December 2012 67.8
September 2012 65.7
June 2012 63.5
March 2012 63.1

Stockton, California Inferred Affordable Mortgage

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

Stockton, California Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $256,238
January 2014 $252,330
December 2013 $251,441
November 2013 $257,458
October 2013 $259,615
September 2013 $250,557
August 2013 $251,441
July 2013 $254,123
June 2013 $263,376
May 2013 $280,989
April 2013 $284,151
March 2013 $279,946
February 2013 $281,338

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. ↩

Data on deptofnumbers.com is for informational purposes only. No warranty or guarantee of accuracy is offered or implied. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Privacy policy.