Department of Numbers

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Macon, Georgia Home Affordability

The data below measures home affordability for the Macon, Georgia 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 Macon home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Macon, Georgia Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 111.3
September 2013 109.0
June 2013 111.3
March 2013 108.5
December 2012 111.2
September 2012 111.4
June 2012 108.3
March 2012 109.9

Macon, Georgia Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Macon, Georgia Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 82.8
September 2013 81.1
June 2013 82.8
March 2013 80.7
December 2012 82.7
September 2012 82.8
June 2012 80.6
March 2012 81.8

Macon, Georgia Inferred Affordable Mortgage

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

Macon, Georgia Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $199,673
January 2014 $196,628
December 2013 $195,935
November 2013 $200,624
October 2013 $202,304
September 2013 $195,246
August 2013 $195,935
July 2013 $198,024
June 2013 $205,235
May 2013 $218,960
April 2013 $221,424
March 2013 $218,147
February 2013 $219,232

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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