Department of Numbers

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)
September 2011 88.0
June 2011 88.0
March 2011 90.0
December 2010 94.5
September 2010 95.8
June 2010 94.9
March 2010 95.6
December 2009 90.5
September 2009 89.7

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)
September 2011 65.5
June 2011 65.5
March 2011 67.0
December 2010 70.4
September 2010 71.3
June 2010 70.6
March 2010 71.2
December 2009 70.2
September 2009 69.5

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
November 2011 $262,200
October 2011 $259,684
September 2011 $258,439
August 2011 $253,548
July 2011 $245,315
June 2011 $246,466
May 2011 $242,754
April 2011 $237,205
March 2011 $237,205
February 2011 $234,234
January 2011 $239,401
December 2010 $240,789
November 2010 $252,646

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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