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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Altoona, Pennsylvania Home Affordability

The data below measures home affordability for the Altoona, Pennsylvania 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 Altoona home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Altoona, Pennsylvania Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 123.0
September 2013 122.8
June 2013 121.2
March 2013 123.6
December 2012 119.0
September 2012 123.2
June 2012 119.5
March 2012 119.5

Altoona, Pennsylvania Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Altoona, Pennsylvania Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 104.1
September 2013 104.0
June 2013 102.6
March 2013 104.6
December 2012 100.7
September 2012 104.3
June 2012 101.2
March 2012 101.1

Altoona, Pennsylvania Inferred Affordable Mortgage

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

Altoona, Pennsylvania Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $208,427
January 2014 $205,249
December 2013 $204,526
November 2013 $209,420
October 2013 $211,175
September 2013 $203,807
August 2013 $204,526
July 2013 $206,707
June 2013 $214,233
May 2013 $228,560
April 2013 $231,132
March 2013 $227,712
February 2013 $228,844

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.