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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Fort Collins, Colorado Home Affordability

The data below measures home affordability for the Fort Collins-Loveland, Colorado 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 Fort Collins home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Fort Collins, Colorado Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 124.7
September 2013 122.7
June 2013 119.2
March 2013 116.7
December 2012 114.9
September 2012 115.7
June 2012 113.3
March 2012 112.5

Fort Collins, Colorado Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Fort Collins, Colorado Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 102.3
September 2013 100.7
June 2013 97.8
March 2013 95.7
December 2012 94.3
September 2012 94.9
June 2012 92.9
March 2012 92.3

Fort Collins, Colorado Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Fort Collins, Colorado 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

Fort Collins, Colorado Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $282,346
January 2014 $278,040
December 2013 $277,060
November 2013 $283,690
October 2013 $286,067
September 2013 $276,086
August 2013 $277,060
July 2013 $280,015
June 2013 $290,211
May 2013 $309,618
April 2013 $313,103
March 2013 $308,470
February 2013 $310,003

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.