Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Sioux City, Iowa Home Affordability

The data below measures home affordability for the Sioux City, Iowa 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 Sioux City home affordability to other cities.

Sioux City, Iowa 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 Sioux City HPI series. Median household income data for Sioux City is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Sioux City, Iowa Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 118.7
September 2013 115.8
June 2013 115.4
March 2013 114.6
December 2012 113.5
September 2012 112.7
June 2012 111.8
March 2012 113.0

Sioux City, Iowa Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Sioux City, Iowa Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 102.3
September 2013 99.9
June 2013 99.5
March 2013 98.8
December 2012 97.9
September 2012 97.2
June 2012 96.4
March 2012 97.5

Sioux City, Iowa Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Sioux City, Iowa 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

Sioux City, Iowa Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $226,720
January 2014 $223,263
December 2013 $222,476
November 2013 $227,800
October 2013 $229,708
September 2013 $221,694
August 2013 $222,476
July 2013 $224,849
June 2013 $233,036
May 2013 $248,620
April 2013 $251,418
March 2013 $247,697
February 2013 $248,928

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.