Department of Numbers

Pocatello, Idaho Home Affordability

The data below measures home affordability for the Pocatello, Idaho 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 Pocatello home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Pocatello, Idaho Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 133.0
September 2011 131.8
June 2011 131.2
March 2011 136.9
December 2010 138.5
September 2010 139.4
June 2010 140.7
March 2010 139.6
December 2009 123.5

Pocatello, Idaho Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Pocatello, Idaho Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 110.3
September 2011 109.2
June 2011 108.8
March 2011 113.5
December 2010 114.8
September 2010 115.6
June 2010 116.6
March 2010 115.7
December 2009 120.6

Pocatello, Idaho Inferred Affordable Mortgage

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

Pocatello, Idaho Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $207,137
December 2011 $206,135
November 2011 $205,389
October 2011 $203,417
September 2011 $202,442
August 2011 $198,611
July 2011 $192,162
June 2011 $193,064
May 2011 $190,156
April 2011 $185,809
March 2011 $185,809
February 2011 $183,482
January 2011 $187,529

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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