Department of Numbers

Casper, Wyoming Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Casper, Wyoming Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 140.3
September 2011 138.1
June 2011 133.0
March 2011 136.9
December 2010 138.8
September 2010 137.6
June 2010 136.9
March 2010 137.4
December 2009 128.4

Casper, Wyoming Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Casper, Wyoming Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 112.8
September 2011 111.1
June 2011 106.9
March 2011 110.0
December 2010 111.6
September 2010 110.6
June 2010 110.1
March 2010 110.5
December 2009 120.1

Casper, Wyoming Inferred Affordable Mortgage

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

Casper, Wyoming Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $273,547
December 2011 $272,225
November 2011 $271,239
October 2011 $268,636
September 2011 $267,348
August 2011 $262,288
July 2011 $253,771
June 2011 $254,962
May 2011 $251,122
April 2011 $245,382
March 2011 $245,382
February 2011 $242,309
January 2011 $247,654

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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