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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Augusta, Georgia Home Affordability

The data below measures home affordability for the Augusta-Richmond 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 Augusta home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Augusta, Georgia Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 113.6
September 2013 113.2
June 2013 112.7
March 2013 114.5
December 2012 115.1
September 2012 116.0
June 2012 111.5
March 2012 115.6

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Augusta, Georgia Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 91.6
September 2013 91.3
June 2013 90.8
March 2013 92.3
December 2012 92.8
September 2012 93.5
June 2012 89.9
March 2012 93.2

Augusta, Georgia Inferred Affordable Mortgage

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

Augusta, Georgia Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $226,124
January 2014 $222,676
December 2013 $221,891
November 2013 $227,201
October 2013 $229,104
September 2013 $221,111
August 2013 $221,891
July 2013 $224,257
June 2013 $232,423
May 2013 $247,966
April 2013 $250,757
March 2013 $247,046
February 2013 $248,274

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.