Department of Numbers

St Joseph, Missouri Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

St Joseph, Missouri Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 109.3
June 2011 104.1
March 2011 109.3
December 2010 110.0
September 2010 111.5
June 2010 110.9
March 2010 110.8
December 2009 113.9
September 2009 114.2

St Joseph, 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 St Joseph median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

St Joseph, Missouri Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 102.7
June 2011 97.8
March 2011 102.7
December 2010 103.2
September 2010 104.7
June 2010 104.1
March 2010 104.0
December 2009 95.9
September 2009 96.2

St Joseph, Missouri Inferred Affordable Mortgage

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

St Joseph, Missouri Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $226,376
October 2011 $224,203
September 2011 $223,128
August 2011 $218,905
July 2011 $211,797
June 2011 $212,791
May 2011 $209,586
April 2011 $204,795
March 2011 $204,795
February 2011 $202,231
January 2011 $206,692
December 2010 $207,890
November 2010 $218,127

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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