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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Fayetteville, Arkansas Home Affordability

The data below measures home affordability for the Fayetteville-Springdale-Rogers, Arkansas 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 Fayetteville home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Fayetteville, Arkansas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 110.4
September 2013 108.6
June 2013 108.7
March 2013 107.0
December 2012 105.8
September 2012 105.0
June 2012 103.3
March 2012 103.2

Fayetteville, Arkansas Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Fayetteville, Arkansas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 97.2
September 2013 95.6
June 2013 95.7
March 2013 94.2
December 2012 93.1
September 2012 92.4
June 2012 90.9
March 2012 90.9

Fayetteville, Arkansas Inferred Affordable Mortgage

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

Fayetteville, Arkansas Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $230,418
January 2014 $226,904
December 2013 $226,105
November 2013 $231,515
October 2013 $233,455
September 2013 $225,310
August 2013 $226,105
July 2013 $228,516
June 2013 $236,837
May 2013 $252,675
April 2013 $255,519
March 2013 $251,737
February 2013 $252,989

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.