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This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Wheeling, West Virginia Home Affordability

The data below measures home affordability for the Wheeling, West Virginia 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 Wheeling home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Wheeling, West Virginia Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 97.7
September 2013 100.0
June 2013 98.3
March 2013 97.1
December 2012 97.5
September 2012 95.3
June 2012 95.7
March 2012 94.8

Wheeling, West Virginia Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Wheeling, West Virginia Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 95.4
September 2013 97.6
June 2013 96.0
March 2013 94.8
December 2012 95.2
September 2012 93.0
June 2012 93.4
March 2012 92.6

Wheeling, West Virginia Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Wheeling, West Virginia 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

Wheeling, West Virginia Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $210,544
January 2014 $207,333
December 2013 $206,603
November 2013 $211,547
October 2013 $213,319
September 2013 $205,876
August 2013 $206,603
July 2013 $208,806
June 2013 $216,409
May 2013 $230,881
April 2013 $233,480
March 2013 $230,025
February 2013 $231,168

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.