Kansas Home Affordability
The data below quantifies Kansas home affordability by using state home price indices to calculate price-to-income and price-to-rent ratios. The maximum affordable loan amount for the median household income is also calculated.
Kansas Home Price-to-Income Index
The home price-to-income ratio for Kansas is calculated from the Federal Housing Finance Agency's purchase only index and state annual median household income data from the Census CPS.1
Home Price-to-Income: FHFA
Note: Index set to 100 in Q1 of 2000
Kansas Home Price-to-Income Index History
| Date | FHFA |
|---|---|
| June 2010 | 113.2 |
| March 2010 | 111.0 |
| December 2009 | 113.7 |
| September 2009 | 113.5 |
| June 2009 | 112.7 |
Kansas Home Price-to-Rent Index
The price-to-rent ratio for Kansas is determined from the FHFA purchase only price index and median contract rent as reported by the Census ACS.
Home Price-to-Rent: FHFA
Note: Index set to 100 in Q1 of 2000
Kansas Home Price-to-Rent Index History
| Date | FHFA |
|---|---|
| June 2010 | 104.1 |
| March 2010 | 102.0 |
| December 2009 | 104.5 |
| September 2009 | 104.3 |
| June 2009 | 103.6 |
Kansas Inferred Affordable Mortgage
The inferred affordable mortgage is determined by taking the median household income for Kansas 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 CPS median household income and average monthly mortgage rates.
Inferred Affordable Mortgage
| Date | Inferred Mortgage |
|---|---|
| July 2010 | $234,573 |
| June 2010 | $229,716 |
| May 2010 | $225,784 |
| April 2010 | $220,448 |
| March 2010 | $223,728 |
| February 2010 | $223,219 |
| January 2010 | $222,205 |
| December 2009 | $224,752 |
| November 2009 | $226,043 |
| October 2009 | $224,239 |
| September 2009 | $221,449 |
| August 2009 | $218,220 |
| July 2009 | $217,485 |