Department of Numbers

Mansfield, Ohio Home Affordability

The data below measures home affordability for the Mansfield, Ohio 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 Mansfield home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Mansfield, Ohio Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 90.2
September 2011 92.9
June 2011 91.7
March 2011 95.4
December 2010 94.2
September 2010 93.4
June 2010 96.1
March 2010 97.8
December 2009 105.0

Mansfield, Ohio Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Mansfield, Ohio Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 78.4
September 2011 80.7
June 2011 79.7
March 2011 82.9
December 2010 81.9
September 2010 81.2
June 2010 83.5
March 2010 85.0
December 2009 86.5

Mansfield, Ohio Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Mansfield, Ohio 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

Mansfield, Ohio Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $219,811
December 2011 $218,748
November 2011 $217,956
October 2011 $215,864
September 2011 $214,829
August 2011 $210,763
July 2011 $203,920
June 2011 $204,877
May 2011 $201,791
April 2011 $197,178
March 2011 $197,178
February 2011 $194,709
January 2011 $199,004

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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