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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Jackson, Tennessee Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Jackson, Tennessee Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 97.6
September 2013 96.6
June 2013 97.6
March 2013 99.7
December 2012 99.3
September 2012 99.1
June 2012 97.1
March 2012 97.2

Jackson, Tennessee Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Jackson, Tennessee Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 81.2
September 2013 80.3
June 2013 81.1
March 2013 82.9
December 2012 82.6
September 2012 82.5
June 2012 80.8
March 2012 80.8

Jackson, Tennessee Inferred Affordable Mortgage

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

Jackson, Tennessee Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $213,540
January 2014 $210,284
December 2013 $209,543
November 2013 $214,557
October 2013 $216,354
September 2013 $208,806
August 2013 $209,543
July 2013 $211,777
June 2013 $219,488
May 2013 $234,167
April 2013 $236,802
March 2013 $233,298
February 2013 $234,457

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.