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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Visalia, California Home Affordability

The data below measures home affordability for the Visalia-Porterville, 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 Visalia home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Visalia, California Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 120.9
September 2013 115.9
June 2013 113.6
March 2013 108.7
December 2012 107.0
September 2012 105.8
June 2012 103.5
March 2012 103.7

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Visalia, California Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 88.4
September 2013 84.8
June 2013 83.1
March 2013 79.5
December 2012 78.2
September 2012 77.4
June 2012 75.7
March 2012 75.8

Visalia, California Inferred Affordable Mortgage

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

Visalia, California Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $203,598
January 2014 $200,493
December 2013 $199,787
November 2013 $204,568
October 2013 $206,281
September 2013 $199,084
August 2013 $199,787
July 2013 $201,917
June 2013 $209,269
May 2013 $223,264
April 2013 $225,777
March 2013 $222,436
February 2013 $223,541

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.