Department of Numbers

Texarkana, Texas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Texarkana, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 113.9
June 2011 117.1
March 2011 115.0
December 2010 112.5
September 2010 113.4
June 2010 113.3
March 2010 112.6
December 2009 109.9
September 2009 114.5

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Texarkana, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 97.8
June 2011 100.5
March 2011 98.8
December 2010 96.6
September 2010 97.4
June 2010 97.3
March 2010 96.7
December 2009 109.1
September 2009 113.7

Texarkana, Texas Inferred Affordable Mortgage

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

Texarkana, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $212,582
October 2011 $210,542
September 2011 $209,532
August 2011 $205,567
July 2011 $198,892
June 2011 $199,825
May 2011 $196,815
April 2011 $192,316
March 2011 $192,316
February 2011 $189,908
January 2011 $194,097
December 2010 $195,223
November 2010 $204,836

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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