Department of Numbers

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Owensboro, Kentucky Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Owensboro, Kentucky Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 110.8
September 2013 109.8
June 2013 108.6
March 2013 107.8
December 2012 108.2
September 2012 106.1
June 2012 105.6
March 2012 104.7

Owensboro, Kentucky Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Owensboro, Kentucky Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 97.1
September 2013 96.2
June 2013 95.2
March 2013 94.5
December 2012 94.9
September 2012 93.0
June 2012 92.6
March 2012 91.8

Owensboro, Kentucky Inferred Affordable Mortgage

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

Owensboro, Kentucky Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $222,441
January 2014 $219,049
December 2013 $218,277
November 2013 $223,501
October 2013 $225,373
September 2013 $217,510
August 2013 $218,277
July 2013 $220,605
June 2013 $228,638
May 2013 $243,928
April 2013 $246,673
March 2013 $243,022
February 2013 $244,230

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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