Department of Numbers

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Flagstaff, Arizona Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Flagstaff, Arizona Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 135.0
September 2013 132.2
June 2013 128.8
March 2013 125.3
December 2012 124.2
September 2012 120.5
June 2012 117.8
March 2012 117.0

Flagstaff, Arizona Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Flagstaff, Arizona Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 108.6
September 2013 106.3
June 2013 103.5
March 2013 100.8
December 2012 99.9
September 2012 96.9
June 2012 94.8
March 2012 94.1

Flagstaff, Arizona Inferred Affordable Mortgage

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

Flagstaff, Arizona Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $230,564
January 2014 $227,049
December 2013 $226,249
November 2013 $231,663
October 2013 $233,603
September 2013 $225,453
August 2013 $226,249
July 2013 $228,661
June 2013 $236,987
May 2013 $252,836
April 2013 $255,681
March 2013 $251,897
February 2013 $253,149

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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