Department of Numbers

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 2011 119.5
September 2011 121.4
June 2011 120.0
March 2011 126.0
December 2010 127.8
September 2010 131.2
June 2010 128.4
March 2010 131.7
December 2009 128.5

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 2011 85.5
September 2011 86.8
June 2011 85.8
March 2011 90.1
December 2010 91.4
September 2010 93.8
June 2010 91.8
March 2010 94.2
December 2009 102.3

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
January 2012 $198,317
December 2011 $197,358
November 2011 $196,643
October 2011 $194,756
September 2011 $193,823
August 2011 $190,154
July 2011 $183,980
June 2011 $184,843
May 2011 $182,059
April 2011 $177,897
March 2011 $177,897
February 2011 $175,670
January 2011 $179,545

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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