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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Tyler, Texas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Tyler, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 117.8
September 2013 116.2
June 2013 117.6
March 2013 115.7
December 2012 116.2
September 2012 114.4
June 2012 114.4
March 2012 115.5

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Tyler, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 98.2
September 2013 96.9
June 2013 98.0
March 2013 96.4
December 2012 96.9
September 2012 95.3
June 2012 95.3
March 2012 96.3

Tyler, Texas Inferred Affordable Mortgage

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

Tyler, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $233,828
January 2014 $230,262
December 2013 $229,451
November 2013 $234,942
October 2013 $236,910
September 2013 $228,644
August 2013 $229,451
July 2013 $231,898
June 2013 $240,342
May 2013 $256,414
April 2013 $259,300
March 2013 $255,463
February 2013 $256,733

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. ↩

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