Department of Numbers

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Sheboygan, Wisconsin Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Sheboygan, Wisconsin Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 106.3
September 2013 106.8
June 2013 108.4
March 2013 109.2
December 2012 109.3
September 2012 109.8
June 2012 107.3
March 2012 109.5

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Sheboygan, Wisconsin Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 96.5
September 2013 97.0
June 2013 98.4
March 2013 99.1
December 2012 99.2
September 2012 99.6
June 2012 97.4
March 2012 99.4

Sheboygan, Wisconsin Inferred Affordable Mortgage

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

Sheboygan, Wisconsin Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $262,184
January 2014 $258,186
December 2013 $257,276
November 2013 $263,433
October 2013 $265,639
September 2013 $256,371
August 2013 $257,276
July 2013 $260,020
June 2013 $269,487
May 2013 $287,509
April 2013 $290,745
March 2013 $286,442
February 2013 $287,866

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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