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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Williamsport, Pennsylvania Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Williamsport, Pennsylvania Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 122.2
September 2013 121.5
June 2013 119.4
March 2013 115.5
December 2012 120.2
September 2012 115.4
June 2012 116.6
March 2012 115.9

Williamsport, 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 Williamsport median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Williamsport, Pennsylvania Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 113.5
September 2013 112.9
June 2013 110.9
March 2013 107.3
December 2012 111.7
September 2012 107.2
June 2012 108.3
March 2012 107.7

Williamsport, Pennsylvania Inferred Affordable Mortgage

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

Williamsport, Pennsylvania Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $230,918
January 2014 $227,397
December 2013 $226,596
November 2013 $232,018
October 2013 $233,962
September 2013 $225,799
August 2013 $226,596
July 2013 $229,012
June 2013 $237,351
May 2013 $253,223
April 2013 $256,073
March 2013 $252,284
February 2013 $253,538

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.