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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Dothan, Alabama Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Dothan, Alabama Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 119.0
September 2013 117.6
June 2013 120.1
March 2013 116.9
December 2012 120.7
September 2012 117.8
June 2012 120.1
March 2012 120.9

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Dothan, Alabama Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 93.4
September 2013 92.2
June 2013 94.2
March 2013 91.8
December 2012 94.7
September 2012 92.4
June 2012 94.2
March 2012 94.8

Dothan, Alabama Inferred Affordable Mortgage

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

Dothan, Alabama Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $190,109
January 2014 $187,211
December 2013 $186,551
November 2013 $191,015
October 2013 $192,615
September 2013 $185,895
August 2013 $186,551
July 2013 $188,540
June 2013 $195,405
May 2013 $208,473
April 2013 $210,819
March 2013 $207,699
February 2013 $208,732

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. ↩

Data on deptofnumbers.com is for informational purposes only. No warranty or guarantee of accuracy is offered or implied. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Privacy policy.