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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Monroe, Louisiana Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Monroe, Louisiana Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 135.9
September 2013 133.9
June 2013 133.3
March 2013 133.5
December 2012 133.7
September 2012 131.6
June 2012 131.0
March 2012 129.1

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Monroe, Louisiana Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 111.2
September 2013 109.6
June 2013 109.1
March 2013 109.2
December 2012 109.4
September 2012 107.7
June 2012 107.2
March 2012 105.6

Monroe, Louisiana Inferred Affordable Mortgage

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

Monroe, Louisiana Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $175,848
January 2014 $173,167
December 2013 $172,557
November 2013 $176,686
October 2013 $178,166
September 2013 $171,950
August 2013 $172,557
July 2013 $174,397
June 2013 $180,747
May 2013 $192,834
April 2013 $195,004
March 2013 $192,119
February 2013 $193,073

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.