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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Texarkana, Texas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Texarkana, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 121.4
September 2013 121.2
June 2013 123.1
March 2013 119.0
December 2012 121.8
September 2012 120.5
June 2012 119.4
March 2012 122.0

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Texarkana, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 99.3
September 2013 99.1
June 2013 100.7
March 2013 97.4
December 2012 99.7
September 2012 98.6
June 2012 97.7
March 2012 99.8

Texarkana, Texas Inferred Affordable Mortgage

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

Texarkana, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $194,777
January 2014 $191,807
December 2013 $191,131
November 2013 $195,705
October 2013 $197,345
September 2013 $190,459
August 2013 $191,131
July 2013 $193,170
June 2013 $200,203
May 2013 $213,592
April 2013 $215,995
March 2013 $212,799
February 2013 $213,857

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.