Department of Numbers

Visalia, California Home Affordability

The data below measures home affordability for the Visalia-Porterville, 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 Visalia home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Visalia, California Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 98.7
September 2011 99.1
June 2011 99.6
March 2011 102.2
December 2010 107.6
September 2010 108.2
June 2010 110.2
March 2010 110.5
December 2009 122.5

Visalia, 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 Visalia median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Visalia, California Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 80.5
September 2011 80.8
June 2011 81.3
March 2011 83.4
December 2010 87.8
September 2010 88.3
June 2010 90.0
March 2010 90.2
December 2009 92.3

Visalia, California Inferred Affordable Mortgage

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

Visalia, California Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $229,460
December 2011 $228,351
November 2011 $227,524
October 2011 $225,340
September 2011 $224,260
August 2011 $220,016
July 2011 $212,872
June 2011 $213,871
May 2011 $210,649
April 2011 $205,834
March 2011 $205,834
February 2011 $203,257
January 2011 $207,740

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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