Department of Numbers

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Athens, Georgia Home Affordability

The data below measures home affordability for the Athens-Clarke County, Georgia 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 Athens home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Athens, Georgia Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 109.0
September 2013 106.7
June 2013 105.5
March 2013 103.3
December 2012 103.5
September 2012 105.5
June 2012 104.3
March 2012 104.4

Athens, Georgia Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Athens, Georgia Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 91.2
September 2013 89.3
June 2013 88.3
March 2013 86.4
December 2012 86.6
September 2012 88.3
June 2012 87.3
March 2012 87.4

Athens, Georgia Inferred Affordable Mortgage

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

Athens, Georgia Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $192,110
January 2014 $189,181
December 2013 $188,514
November 2013 $193,025
October 2013 $194,642
September 2013 $187,851
August 2013 $188,514
July 2013 $190,524
June 2013 $197,462
May 2013 $210,667
April 2013 $213,038
March 2013 $209,885
February 2013 $210,928

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. ↩

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