Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Harrisburg, Pennsylvania Home Affordability

The data below measures home affordability for the Harrisburg-Carlisle, Pennsylvania 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 Harrisburg home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Harrisburg, Pennsylvania Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 113.0
September 2013 113.5
June 2013 113.0
March 2013 113.3
December 2012 113.8
September 2012 113.4
June 2012 113.5
March 2012 114.5
December 2011 112.9

Harrisburg, Pennsylvania Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Harrisburg, Pennsylvania Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 97.6
September 2013 98.0
June 2013 97.6
March 2013 97.8
December 2012 98.2
September 2012 97.9
June 2012 98.0
March 2012 98.8
December 2011 99.2

Harrisburg, Pennsylvania Inferred Affordable Mortgage

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

Harrisburg, Pennsylvania Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $276,546
January 2014 $272,329
December 2013 $271,370
November 2013 $277,863
October 2013 $280,191
September 2013 $270,415
August 2013 $271,370
July 2013 $274,263
June 2013 $284,250
May 2013 $303,259
April 2013 $306,672
March 2013 $302,134
February 2013 $303,635

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.