Department of Numbers

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 2011 112.1
September 2011 112.7
June 2011 110.3
March 2011 112.1
December 2010 113.8
September 2010 113.0
June 2010 110.9
March 2010 111.2
December 2009 106.9

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 2011 112.9
September 2011 113.5
June 2011 111.1
March 2011 113.0
December 2010 114.6
September 2010 113.8
June 2010 111.7
March 2010 112.0
December 2009 105.6

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
January 2012 $232,850
December 2011 $231,724
November 2011 $230,885
October 2011 $228,669
September 2011 $227,573
August 2011 $223,265
July 2011 $216,016
June 2011 $217,030
May 2011 $213,761
April 2011 $208,874
March 2011 $208,874
February 2011 $206,259
January 2011 $210,808

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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