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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Shreveport, Louisiana Home Affordability

The data below measures home affordability for the Shreveport-Bossier City, 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 Shreveport home affordability to other cities.

Shreveport, Louisiana Home Price-to-Income Ratios

The current price-to-income ratio for Shreveport is 3.4 as determined by March 2014 Realtor median sales prices. The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Shreveport HPI series. Median household income data for Shreveport is from the Census American Community Survey.

Price-to-Income Dollar Ratio: Realtor

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Shreveport, Louisiana Home Price-to-Income Ratio History

Date Realtor
(Dollar Ratio)
FHFA
(Index Ratio)
March 2014 3.40
December 2013 3.52 117.4
September 2013 3.86 116.8
June 2013 3.62 116.9
March 2013 3.69 115.6
December 2012 3.55 118.5
September 2012 3.55 117.5
June 2012 3.55 117.4

Shreveport, Louisiana Home Price-to-Rent Ratios

The current adjusted price-to-rent ratio for Shreveport is 21.34 as determined by March 2014 Realtor median sales prices. This ratio is calculated using household size adjusted median contract rent for Shreveport. The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Shreveport median contract rent data from the Census ACS.

Price-to-Rent Dollar Ratio: Realtor, Realtor Adjusted Rent

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Shreveport, Louisiana Home Price-to-Rent Ratio History

Date Realtor
(Dollar Ratio)
Realtor Adjusted
(Dollar Ratio)
FHFA
(Index Ratio)
March 2014 22.18 21.34
December 2013 22.93 22.06 103.2
September 2013 25.19 24.24 102.7
June 2013 23.60 22.70 102.8
March 2013 24.08 23.17 101.6
December 2012 23.14 22.26 104.2
September 2012 23.14 22.26 103.3
June 2012 23.14 22.26 103.2

Shreveport, Louisiana Home Rent-to-Mortgage Payment Ratio

The rent-to-mortgage payment ratio uses the adjusted rent for Shreveport against a 100% loan-to-value mortgage (30-year fixed) for the median price home using Realtor home sales statistics. It's a lot like a cap rate, but I find it more appealing in ratio form. A ratio of 1.0 means that annual rent is equivalent annual mortgage payments. Values less than 1.0 indicate rents are cheaper and values greater than 1.0 mean mortgage payments are cheaper. Beware, taxes are not considered here. The rent-to-mortgage payment ratio for Shreveport was 0.79 in March 2014.

Rent-to-Mortgage Payment Dollar Ratio: Realtor

Shreveport, Louisiana Home Rent-to-Mortgage Payment Ratio History

Date Realtor Adjusted Rent
(Dollar Ratio)
March 2014 0.79
December 2013 0.75
September 2013 0.68
June 2013 0.76
March 2013 0.79
December 2012 0.85
September 2012 0.83
June 2012 0.82

Shreveport, Louisiana Inferred Affordable Mortgage

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

Shreveport, Louisiana Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $222,876
January 2014 $219,477
December 2013 $218,704
November 2013 $223,937
October 2013 $225,813
September 2013 $217,934
August 2013 $218,704
July 2013 $221,036
June 2013 $229,084
May 2013 $244,404
April 2013 $247,155
March 2013 $243,497
February 2013 $244,707

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.