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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Goldsboro, North Carolina Home Affordability

The data below measures home affordability for the Goldsboro, North Carolina 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 Goldsboro home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Goldsboro, North Carolina Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 121.4
September 2013 118.0
June 2013 120.2
March 2013 117.3
December 2012 117.4
September 2012 117.9
June 2012 114.8
March 2012 116.6

Goldsboro, North Carolina Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Goldsboro, North Carolina Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 97.8
September 2013 95.1
June 2013 96.9
March 2013 94.5
December 2012 94.6
September 2012 95.0
June 2012 92.6
March 2012 94.0

Goldsboro, North Carolina Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Goldsboro, North Carolina 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

Goldsboro, North Carolina Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $191,489
January 2014 $188,569
December 2013 $187,904
November 2013 $192,401
October 2013 $194,013
September 2013 $187,243
August 2013 $187,904
July 2013 $189,908
June 2013 $196,823
May 2013 $209,985
April 2013 $212,348
March 2013 $209,206
February 2013 $210,246

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.