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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Hattiesburg, Mississippi Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Hattiesburg, Mississippi Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 118.1
September 2013 116.1
June 2013 117.3
March 2013 115.6
December 2012 114.2
September 2012 118.9
June 2012 116.7
March 2012 113.3

Hattiesburg, Mississippi Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Hattiesburg, Mississippi Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 95.7
September 2013 94.0
June 2013 95.0
March 2013 93.6
December 2012 92.5
September 2012 96.3
June 2012 94.5
March 2012 91.8

Hattiesburg, Mississippi Inferred Affordable Mortgage

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

Hattiesburg, Mississippi Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $185,982
January 2014 $183,146
December 2013 $182,501
November 2013 $186,868
October 2013 $188,433
September 2013 $181,859
August 2013 $182,501
July 2013 $184,447
June 2013 $191,163
May 2013 $203,947
April 2013 $206,242
March 2013 $203,190
February 2013 $204,200

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.