Department of Numbers

Longview, Texas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Longview, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 128.4
September 2011 127.2
June 2011 125.9
March 2011 127.6
December 2010 129.6
September 2010 132.4
June 2010 130.8
March 2010 128.4
December 2009 126.3

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Longview, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 108.1
September 2011 107.1
June 2011 106.0
March 2011 107.4
December 2010 109.1
September 2010 111.5
June 2010 110.2
March 2010 108.1
December 2009 117.6

Longview, Texas Inferred Affordable Mortgage

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

Longview, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $221,238
December 2011 $220,169
November 2011 $219,371
October 2011 $217,266
September 2011 $216,224
August 2011 $212,132
July 2011 $205,244
June 2011 $206,207
May 2011 $203,101
April 2011 $198,459
March 2011 $198,459
February 2011 $195,973
January 2011 $200,296

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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