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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Fresno, California Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Fresno, California Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 132.8
September 2013 129.3
June 2013 124.3
March 2013 120.8
December 2012 118.6
September 2012 116.5
June 2012 113.4
March 2012 112.8

Fresno, California Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Fresno, California Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 95.3
September 2013 92.8
June 2013 89.2
March 2013 86.7
December 2012 85.1
September 2012 83.6
June 2012 81.4
March 2012 81.0

Fresno, California Inferred Affordable Mortgage

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

Fresno, California Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $210,291
January 2014 $207,085
December 2013 $206,355
November 2013 $211,293
October 2013 $213,063
September 2013 $205,629
August 2013 $206,355
July 2013 $208,556
June 2013 $216,149
May 2013 $230,604
April 2013 $233,200
March 2013 $229,749
February 2013 $230,891

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.