Department of Numbers

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Columbus, Georgia Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Columbus, Georgia Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 102.8
September 2013 102.3
June 2013 102.8
March 2013 101.3
December 2012 104.1
September 2012 103.5
June 2012 101.2
March 2012 103.2

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Columbus, Georgia Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 83.4
September 2013 83.0
June 2013 83.4
March 2013 82.2
December 2012 84.4
September 2012 84.0
June 2012 82.1
March 2012 83.7

Columbus, Georgia Inferred Affordable Mortgage

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

Columbus, Georgia Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $217,086
January 2014 $213,776
December 2013 $213,023
November 2013 $218,120
October 2013 $219,947
September 2013 $212,273
August 2013 $213,023
July 2013 $215,294
June 2013 $223,133
May 2013 $238,055
April 2013 $240,735
March 2013 $237,172
February 2013 $238,351

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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