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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Lewiston, Maine Home Affordability

The data below measures home affordability for the Lewiston-Auburn, Maine 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 Lewiston home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Lewiston, Maine Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 122.4
September 2013 123.2
June 2013 123.6
March 2013 125.5
December 2012 122.5
September 2012 124.1
June 2012 121.0
March 2012 125.1

Lewiston, Maine Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Lewiston, Maine Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 97.7
September 2013 98.4
June 2013 98.6
March 2013 100.2
December 2012 97.8
September 2012 99.1
June 2012 96.6
March 2012 99.9

Lewiston, Maine Inferred Affordable Mortgage

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

Lewiston, Maine Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $223,780
January 2014 $220,367
December 2013 $219,591
November 2013 $224,846
October 2013 $226,729
September 2013 $218,819
August 2013 $219,591
July 2013 $221,933
June 2013 $230,014
May 2013 $245,396
April 2013 $248,157
March 2013 $244,485
February 2013 $245,700

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.