Department of Numbers

San Angelo, Texas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

San Angelo, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 143.3
June 2011 140.7
March 2011 143.2
December 2010 144.2
September 2010 142.4
June 2010 140.8
March 2010 141.7
December 2009 134.8
September 2009 135.0

San Angelo, 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 San Angelo median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

San Angelo, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 124.3
June 2011 122.0
March 2011 124.2
December 2010 125.0
September 2010 123.5
June 2010 122.1
March 2010 122.9
December 2009 115.9
September 2009 116.1

San Angelo, Texas Inferred Affordable Mortgage

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

San Angelo, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $200,455
October 2011 $198,531
September 2011 $197,580
August 2011 $193,840
July 2011 $187,546
June 2011 $188,426
May 2011 $185,588
April 2011 $181,346
March 2011 $181,346
February 2011 $179,075
January 2011 $183,025
December 2010 $184,086
November 2010 $193,151

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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