Department of Numbers

Eugene, Oregon Home Affordability

The data below measures home affordability for the Eugene-Springfield, Oregon 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 Eugene home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Eugene, Oregon Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 131.1
June 2011 128.8
March 2011 133.0
December 2010 138.7
September 2010 142.2
June 2010 141.7
March 2010 143.4
December 2009 146.1
September 2009 148.3

Eugene, Oregon Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Eugene, Oregon Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 114.3
June 2011 112.2
March 2011 115.9
December 2010 120.9
September 2010 123.9
June 2010 123.5
March 2010 125.0
December 2009 127.0
September 2009 128.9

Eugene, Oregon Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Eugene, Oregon 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

Eugene, Oregon Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $211,161
October 2011 $209,134
September 2011 $208,132
August 2011 $204,193
July 2011 $197,562
June 2011 $198,490
May 2011 $195,500
April 2011 $191,031
March 2011 $191,031
February 2011 $188,639
January 2011 $192,800
December 2010 $193,918
November 2010 $203,466

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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