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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Alexandria, Louisiana Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Alexandria, Louisiana Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 110.0
September 2013 109.5
June 2013 107.9
March 2013 109.3
December 2012 108.0
September 2012 108.7
June 2012 106.8
March 2012 106.8

Alexandria, Louisiana Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Alexandria, Louisiana Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 98.7
September 2013 98.2
June 2013 96.8
March 2013 98.1
December 2012 96.9
September 2012 97.5
June 2012 95.9
March 2012 95.8

Alexandria, Louisiana Inferred Affordable Mortgage

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

Alexandria, Louisiana Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $206,599
January 2014 $203,448
December 2013 $202,731
November 2013 $207,583
October 2013 $209,322
September 2013 $202,018
August 2013 $202,731
July 2013 $204,893
June 2013 $212,354
May 2013 $226,555
April 2013 $229,104
March 2013 $225,714
February 2013 $226,836

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.