Department of Numbers

Victoria, Texas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Victoria, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 123.9
September 2011 126.3
June 2011 127.7
March 2011 127.0
December 2010 130.2
September 2010 129.1
June 2010 127.9
March 2010 125.3
December 2009 120.1

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Victoria, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 120.4
September 2011 122.8
June 2011 124.2
March 2011 123.5
December 2010 126.5
September 2010 125.5
June 2010 124.3
March 2010 121.8
December 2009 120.8

Victoria, Texas Inferred Affordable Mortgage

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

Victoria, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $242,177
December 2011 $241,006
November 2011 $240,133
October 2011 $237,828
September 2011 $236,688
August 2011 $232,209
July 2011 $224,669
June 2011 $225,723
May 2011 $222,323
April 2011 $217,241
March 2011 $217,241
February 2011 $214,521
January 2011 $219,253

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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