Department of Numbers

Eau Claire, Wisconsin Home Affordability

The data below measures home affordability for the Eau Claire, Wisconsin 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 Eau Claire home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Eau Claire, Wisconsin Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 121.2
September 2011 121.0
June 2011 118.8
March 2011 123.2
December 2010 123.1
September 2010 123.2
June 2010 121.0
March 2010 120.3
December 2009 121.4

Eau Claire, Wisconsin Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Eau Claire median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Eau Claire, Wisconsin Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 105.2
September 2011 105.0
June 2011 103.1
March 2011 107.0
December 2010 106.8
September 2010 107.0
June 2010 105.0
March 2010 104.4
December 2009 106.2

Eau Claire, Wisconsin Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Eau Claire, Wisconsin 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

Eau Claire, Wisconsin Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $233,103
December 2011 $231,976
November 2011 $231,136
October 2011 $228,918
September 2011 $227,821
August 2011 $223,509
July 2011 $216,251
June 2011 $217,266
May 2011 $213,994
April 2011 $209,102
March 2011 $209,102
February 2011 $206,484
January 2011 $211,038

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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