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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Salinas, California Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Salinas, California Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 117.3
September 2013 111.0
June 2013 107.0
March 2013 101.9
December 2012 99.6
September 2012 98.5
June 2012 96.7
March 2012 96.3

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Salinas, California Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 91.9
September 2013 87.0
June 2013 83.9
March 2013 79.9
December 2012 78.1
September 2012 77.2
June 2012 75.8
March 2012 75.5

Salinas, California Inferred Affordable Mortgage

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

Salinas, California Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $293,556
January 2014 $289,079
December 2013 $288,061
November 2013 $294,954
October 2013 $297,425
September 2013 $287,048
August 2013 $288,061
July 2013 $291,132
June 2013 $301,733
May 2013 $321,911
April 2013 $325,534
March 2013 $320,717
February 2013 $322,311

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.