Department of Numbers

Tyler, Texas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Tyler, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 125.4
June 2011 123.2
March 2011 123.4
December 2010 123.8
September 2010 124.7
June 2010 124.9
March 2010 124.8
December 2009 116.5
September 2009 116.9

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Tyler, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 98.6
June 2011 96.9
March 2011 97.1
December 2010 97.3
September 2010 98.1
June 2010 98.3
March 2010 98.1
December 2009 107.7
September 2009 108.1

Tyler, Texas Inferred Affordable Mortgage

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

Tyler, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $226,538
October 2011 $224,364
September 2011 $223,289
August 2011 $219,063
July 2011 $211,949
June 2011 $212,944
May 2011 $209,737
April 2011 $204,942
March 2011 $204,942
February 2011 $202,376
January 2011 $206,840
December 2010 $208,040
November 2010 $218,283

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. ↩

Data on deptofnumbers.com is for informational purposes only. No warranty or guarantee of accuracy is offered or implied. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Privacy policy.