Department of Numbers

Killeen, Texas Home Affordability

The data below measures home affordability for the Killeen-Temple-Fort Hood, Texas 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 Killeen home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Killeen, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 99.9
June 2011 101.2
March 2011 100.7
December 2010 103.1
September 2010 100.9
June 2010 103.3
March 2010 104.1
December 2009 114.6
September 2009 115.7

Killeen, Texas Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Killeen, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 95.6
June 2011 96.9
March 2011 96.5
December 2010 98.7
September 2010 96.6
June 2010 98.9
March 2010 99.6
December 2009 100.5
September 2009 101.4

Killeen, Texas Inferred Affordable Mortgage

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

Killeen, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $260,979
October 2011 $258,474
September 2011 $257,235
August 2011 $252,366
July 2011 $244,172
June 2011 $245,318
May 2011 $241,623
April 2011 $236,100
March 2011 $236,100
February 2011 $233,143
January 2011 $238,286
December 2010 $239,668
November 2010 $251,469

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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