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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Lawrence, Kansas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Lawrence, Kansas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 101.0
September 2013 100.3
June 2013 98.7
March 2013 99.2
December 2012 99.1
September 2012 98.2
June 2012 98.2
March 2012 98.8

Lawrence, Kansas Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Lawrence, Kansas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 95.3
September 2013 94.7
June 2013 93.1
March 2013 93.6
December 2012 93.5
September 2012 92.7
June 2012 92.7
March 2012 93.3

Lawrence, Kansas Inferred Affordable Mortgage

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

Lawrence, Kansas Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $253,520
January 2014 $249,654
December 2013 $248,774
November 2013 $254,727
October 2013 $256,861
September 2013 $247,899
August 2013 $248,774
July 2013 $251,427
June 2013 $260,582
May 2013 $278,008
April 2013 $281,137
March 2013 $276,977
February 2013 $278,354

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.