Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Auburn, Alabama Home Affordability

The data below measures home affordability for the Auburn-Opelika, Alabama 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 Auburn home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Auburn, Alabama Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 91.0
September 2013 93.0
June 2013 93.3
March 2013 93.0
December 2012 94.5
September 2012 94.7
June 2012 93.0
March 2012 93.6

Auburn, Alabama Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Auburn, Alabama Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 74.3
September 2013 75.9
June 2013 76.2
March 2013 76.0
December 2012 77.1
September 2012 77.3
June 2012 75.9
March 2012 76.4

Auburn, Alabama Inferred Affordable Mortgage

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

Auburn, Alabama Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $227,549
January 2014 $224,079
December 2013 $223,289
November 2013 $228,632
October 2013 $230,548
September 2013 $222,504
August 2013 $223,289
July 2013 $225,670
June 2013 $233,887
May 2013 $249,528
April 2013 $252,337
March 2013 $248,602
February 2013 $249,838

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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