Department of Numbers

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Yuma, Arizona Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Yuma, Arizona Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 113.1
September 2013 112.6
June 2013 108.6
March 2013 109.4
December 2012 108.2
September 2012 107.5
June 2012 107.0
March 2012 107.0

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Yuma, Arizona Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 82.4
September 2013 82.1
June 2013 79.1
March 2013 79.7
December 2012 78.8
September 2012 78.3
June 2012 77.9
March 2012 78.0

Yuma, Arizona Inferred Affordable Mortgage

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

Yuma, Arizona Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $199,471
January 2014 $196,429
December 2013 $195,737
November 2013 $200,421
October 2013 $202,100
September 2013 $195,048
August 2013 $195,737
July 2013 $197,824
June 2013 $205,027
May 2013 $218,738
April 2013 $221,200
March 2013 $217,927
February 2013 $219,010

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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