Department of Numbers

Laredo, Texas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Laredo, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 105.9
June 2011 105.5
March 2011 105.6
December 2010 107.5
September 2010 114.1
June 2010 101.1
March 2010 109.1
December 2009 105.2
September 2009 99.5

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Laredo, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 93.4
June 2011 93.1
March 2011 93.2
December 2010 94.8
September 2010 100.7
June 2010 89.2
March 2010 96.3
December 2009 94.9
September 2009 89.7

Laredo, Texas Inferred Affordable Mortgage

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

Laredo, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $187,537
October 2011 $185,737
September 2011 $184,846
August 2011 $181,348
July 2011 $175,459
June 2011 $176,283
May 2011 $173,628
April 2011 $169,659
March 2011 $169,659
February 2011 $167,534
January 2011 $171,230
December 2010 $172,223
November 2010 $180,703

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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