Department of Numbers

Naples, Florida Home Affordability

The data below measures home affordability for the Naples-Marco Island, Florida 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 Naples home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Naples, Florida Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 123.6
June 2011 122.0
March 2011 125.9
December 2010 133.5
September 2010 135.0
June 2010 133.5
March 2010 132.8
December 2009 130.8
September 2009 138.7

Naples, Florida Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Naples, Florida Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 108.7
June 2011 107.3
March 2011 110.7
December 2010 117.4
September 2010 118.7
June 2010 117.4
March 2010 116.7
December 2009 108.6
September 2009 115.2

Naples, Florida Inferred Affordable Mortgage

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

Naples, Florida Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $276,456
October 2011 $273,802
September 2011 $272,490
August 2011 $267,333
July 2011 $258,652
June 2011 $259,866
May 2011 $255,952
April 2011 $250,101
March 2011 $250,101
February 2011 $246,969
January 2011 $252,417
December 2010 $253,881
November 2010 $266,382

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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