Department of Numbers

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Pocatello, Idaho Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Pocatello, Idaho Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 123.7
September 2013 121.8
June 2013 123.2
March 2013 122.8
December 2012 123.8
September 2012 121.3
June 2012 120.0
March 2012 122.5

Pocatello, Idaho Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Pocatello, Idaho Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 110.8
September 2013 109.0
June 2013 110.3
March 2013 110.0
December 2012 110.9
September 2012 108.6
June 2012 107.5
March 2012 109.7

Pocatello, Idaho Inferred Affordable Mortgage

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

Pocatello, Idaho Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $214,242
January 2014 $210,975
December 2013 $210,232
November 2013 $215,262
October 2013 $217,066
September 2013 $209,492
August 2013 $210,232
July 2013 $212,474
June 2013 $220,210
May 2013 $234,937
April 2013 $237,581
March 2013 $234,065
February 2013 $235,228

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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