Department of Numbers

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)
September 2011 117.9
June 2011 115.4
March 2011 118.9
December 2010 121.5
September 2010 122.6
June 2010 122.2
March 2010 120.7
December 2009 115.7
September 2009 117.7

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)
September 2011 102.7
June 2011 100.6
March 2011 103.6
December 2010 105.8
September 2010 106.8
June 2010 106.5
March 2010 105.2
December 2009 103.9
September 2009 105.6

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
November 2011 $259,207
October 2011 $256,719
September 2011 $255,488
August 2011 $250,653
July 2011 $242,514
June 2011 $243,652
May 2011 $239,982
April 2011 $234,496
March 2011 $234,496
February 2011 $231,560
January 2011 $236,668
December 2010 $238,040
November 2010 $249,761

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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