Department of Numbers

Alexandria, Louisiana Home Affordability

The data below measures home affordability for the Alexandria, Louisiana 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 Alexandria home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Alexandria, Louisiana Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 107.6
June 2011 108.6
March 2011 109.1
December 2010 109.6
September 2010 111.2
June 2010 108.5
March 2010 110.2
December 2009 111.3
September 2009 111.1

Alexandria, Louisiana Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Alexandria, Louisiana Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 99.8
June 2011 100.7
March 2011 101.2
December 2010 101.7
September 2010 103.1
June 2010 100.6
March 2010 102.2
December 2009 93.8
September 2009 93.7

Alexandria, Louisiana Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Alexandria, Louisiana 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

Alexandria, Louisiana Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $209,803
October 2011 $207,789
September 2011 $206,793
August 2011 $202,880
July 2011 $196,292
June 2011 $197,213
May 2011 $194,243
April 2011 $189,803
March 2011 $189,803
February 2011 $187,426
January 2011 $191,560
December 2010 $192,671
November 2010 $202,158

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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