Department of Numbers

Lewiston, Maine Home Affordability

The data below measures home affordability for the Lewiston-Auburn, Maine 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 Lewiston home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Lewiston, Maine Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 138.6
September 2011 134.6
June 2011 135.7
March 2011 137.3
December 2010 139.2
September 2010 141.5
June 2010 142.4
March 2010 139.7
December 2009 143.7

Lewiston, Maine Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Lewiston, Maine Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 108.2
September 2011 105.2
June 2011 106.0
March 2011 107.3
December 2010 108.7
September 2010 110.5
June 2010 111.2
March 2010 109.1
December 2009 113.0

Lewiston, Maine Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Lewiston, Maine 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

Lewiston, Maine Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $217,791
December 2011 $216,738
November 2011 $215,953
October 2011 $213,880
September 2011 $212,855
August 2011 $208,827
July 2011 $202,046
June 2011 $202,994
May 2011 $199,936
April 2011 $195,366
March 2011 $195,366
February 2011 $192,920
January 2011 $197,175

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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