Department of Numbers

Joplin, Missouri Home Affordability

The data below measures home affordability for the Joplin, Missouri 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 Joplin home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Joplin, Missouri Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 114.5
September 2011 113.9
June 2011 107.8
March 2011 110.0
December 2010 110.2
September 2010 111.2
June 2010 110.2
March 2010 109.0
December 2009 112.4

Joplin, Missouri Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Joplin, Missouri Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 103.0
September 2011 102.5
June 2011 96.9
March 2011 99.0
December 2010 99.2
September 2010 100.0
June 2010 99.1
March 2010 98.1
December 2009 103.9

Joplin, Missouri Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Joplin, Missouri 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

Joplin, Missouri Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $203,293
December 2011 $202,310
November 2011 $201,577
October 2011 $199,642
September 2011 $198,685
August 2011 $194,925
July 2011 $188,596
June 2011 $189,481
May 2011 $186,627
April 2011 $182,361
March 2011 $182,361
February 2011 $180,077
January 2011 $184,049

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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