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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Redding, California Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Redding, California Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 126.0
September 2013 124.4
June 2013 118.8
March 2013 115.4
December 2012 113.2
September 2012 109.6
June 2012 108.6
March 2012 108.0

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Redding, California Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 99.5
September 2013 98.2
June 2013 93.8
March 2013 91.1
December 2012 89.4
September 2012 86.6
June 2012 85.8
March 2012 85.3

Redding, California Inferred Affordable Mortgage

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

Redding, California Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $229,564
January 2014 $226,064
December 2013 $225,267
November 2013 $230,658
October 2013 $232,590
September 2013 $224,475
August 2013 $225,267
July 2013 $227,669
June 2013 $235,959
May 2013 $251,739
April 2013 $254,572
March 2013 $250,805
February 2013 $252,051

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.