Department of Numbers

Pueblo, Colorado Home Affordability

The data below measures home affordability for the Pueblo, Colorado 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 Pueblo home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Pueblo, Colorado Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 100.2
June 2011 101.3
March 2011 102.9
December 2010 106.7
September 2010 106.8
June 2010 102.3
March 2010 105.7
December 2009 104.1
September 2009 104.2

Pueblo, Colorado Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Pueblo, Colorado Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 91.5
June 2011 92.5
March 2011 94.0
December 2010 97.4
September 2010 97.5
June 2010 93.4
March 2010 96.5
December 2009 96.9
September 2009 97.0

Pueblo, Colorado Inferred Affordable Mortgage

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

Pueblo, Colorado Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $200,937
October 2011 $199,009
September 2011 $198,055
August 2011 $194,306
July 2011 $187,997
June 2011 $188,880
May 2011 $186,034
April 2011 $181,782
March 2011 $181,782
February 2011 $179,506
January 2011 $183,465
December 2010 $184,529
November 2010 $193,615

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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