Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

St Cloud, Minnesota Home Affordability

The data below measures home affordability for the St. Cloud, Minnesota 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 St Cloud home affordability to other cities.

St Cloud, Minnesota 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 St Cloud HPI series. Median household income data for St Cloud is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

St Cloud, Minnesota Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 106.7
September 2013 106.5
June 2013 106.1
March 2013 105.3
December 2012 105.9
September 2012 104.9
June 2012 103.2
March 2012 105.0

St Cloud, Minnesota Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

St Cloud, Minnesota Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 96.1
September 2013 96.0
June 2013 95.5
March 2013 94.8
December 2012 95.4
September 2012 94.5
June 2012 92.9
March 2012 94.6

St Cloud, Minnesota Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for St Cloud, Minnesota 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

St Cloud, Minnesota Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $275,692
January 2014 $271,488
December 2013 $270,532
November 2013 $277,005
October 2013 $279,326
September 2013 $269,580
August 2013 $270,532
July 2013 $273,417
June 2013 $283,372
May 2013 $302,323
April 2013 $305,725
March 2013 $301,201
February 2013 $302,698

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.