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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Laredo, Texas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Laredo, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 105.6
September 2013 104.2
June 2013 105.2
March 2013 103.6
December 2012 102.9
September 2012 105.5
June 2012 103.6
March 2012 104.9

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Laredo, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 94.4
September 2013 93.1
June 2013 94.0
March 2013 92.6
December 2012 91.9
September 2012 94.3
June 2012 92.6
March 2012 93.7

Laredo, Texas Inferred Affordable Mortgage

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

Laredo, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $185,017
January 2014 $182,196
December 2013 $181,554
November 2013 $185,899
October 2013 $187,456
September 2013 $180,915
August 2013 $181,554
July 2013 $183,490
June 2013 $190,171
May 2013 $202,889
April 2013 $205,172
March 2013 $202,136
February 2013 $203,141

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.