Department of Numbers

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

Chart of Kansas home price-to-income ratio

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

Chart of Kansas home price-to-rent ratio

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

Chart of Kansas maximum affordable home loan amount
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

1. Specifically, FHFA data is from the seasonally adjusted, purchase only quarterly series. Income data for the previous year is carried into the following year for calculations prior to release of new income data.