Department of Numbers

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Pine Bluff, Arkansas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Pine Bluff, Arkansas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 119.6
September 2013 115.7
June 2013 119.6
March 2013 115.9
December 2012 118.2
September 2012 118.8
June 2012 118.0
March 2012 119.8

Pine Bluff, 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 Pine Bluff median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Pine Bluff, Arkansas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 97.0
September 2013 93.8
June 2013 97.0
March 2013 94.0
December 2012 95.8
September 2012 96.3
June 2012 95.7
March 2012 97.1

Pine Bluff, Arkansas Inferred Affordable Mortgage

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

Pine Bluff, Arkansas Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $182,507
January 2014 $179,723
December 2013 $179,090
November 2013 $183,376
October 2013 $184,912
September 2013 $178,460
August 2013 $179,090
July 2013 $181,000
June 2013 $187,590
May 2013 $200,136
April 2013 $202,388
March 2013 $199,393
February 2013 $200,384

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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