Department of Numbers

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Casper, Wyoming Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Casper, Wyoming Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 145.3
September 2013 141.9
June 2013 140.9
March 2013 138.9
December 2012 137.4
September 2012 134.3
June 2012 133.4
March 2012 132.1

Casper, Wyoming Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Casper, Wyoming Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 107.1
September 2013 104.6
June 2013 103.9
March 2013 102.4
December 2012 101.3
September 2012 99.0
June 2012 98.4
March 2012 97.4

Casper, Wyoming Inferred Affordable Mortgage

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

Casper, Wyoming Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $275,455
January 2014 $271,254
December 2013 $270,299
November 2013 $276,767
October 2013 $279,085
September 2013 $269,348
August 2013 $270,299
July 2013 $273,181
June 2013 $283,128
May 2013 $302,062
April 2013 $305,462
March 2013 $300,941
February 2013 $302,437

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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