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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Missoula, Montana Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Missoula, Montana Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 135.1
September 2013 132.9
June 2013 134.3
March 2013 130.8
December 2012 131.1
September 2012 130.2
June 2012 128.3
March 2012 128.3

Missoula, Montana Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Missoula, Montana Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 126.2
September 2013 124.2
June 2013 125.5
March 2013 122.1
December 2012 122.4
September 2012 121.6
June 2012 119.8
March 2012 119.8

Missoula, Montana Inferred Affordable Mortgage

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

Missoula, Montana Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $230,337
January 2014 $226,825
December 2013 $226,026
November 2013 $231,434
October 2013 $233,373
September 2013 $225,231
August 2013 $226,026
July 2013 $228,436
June 2013 $236,753
May 2013 $252,586
April 2013 $255,429
March 2013 $251,649
February 2013 $252,900

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.