Department of Numbers

Medford, Oregon Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Medford, Oregon Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 120.6
June 2011 119.0
March 2011 125.1
December 2010 131.2
September 2010 134.5
June 2010 137.2
March 2010 138.0
December 2009 122.9
September 2009 127.2

Medford, 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 Medford median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Medford, Oregon Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 100.3
June 2011 98.9
March 2011 104.0
December 2010 109.1
September 2010 111.8
June 2010 114.1
March 2010 114.7
December 2009 116.3
September 2009 120.4

Medford, Oregon Inferred Affordable Mortgage

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

Medford, Oregon Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $210,642
October 2011 $208,620
September 2011 $207,620
August 2011 $203,691
July 2011 $197,077
June 2011 $198,002
May 2011 $195,019
April 2011 $190,561
March 2011 $190,561
February 2011 $188,175
January 2011 $192,326
December 2010 $193,441
November 2010 $202,966

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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