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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Killeen, Texas Home Affordability

The data below measures home affordability for the Killeen-Temple-Fort Hood, Texas 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 Killeen home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Killeen, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 104.9
September 2013 104.2
June 2013 104.5
March 2013 104.8
December 2012 104.7
September 2012 103.8
June 2012 105.3
March 2012 103.7

Killeen, Texas Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Killeen, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 94.5
September 2013 93.8
June 2013 94.2
March 2013 94.4
December 2012 94.3
September 2012 93.5
June 2012 94.9
March 2012 93.5

Killeen, Texas Inferred Affordable Mortgage

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

Killeen, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $245,685
January 2014 $241,938
December 2013 $241,086
November 2013 $246,855
October 2013 $248,923
September 2013 $240,238
August 2013 $241,086
July 2013 $243,657
June 2013 $252,528
May 2013 $269,416
April 2013 $272,448
March 2013 $268,417
February 2013 $269,751

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.