Department of Numbers

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Dubuque, Iowa Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Dubuque, Iowa Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 117.6
September 2013 119.8
June 2013 117.5
March 2013 118.2
December 2012 116.5
September 2012 116.3
June 2012 115.7
March 2012 115.4

Dubuque, Iowa Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Dubuque, Iowa Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 92.5
September 2013 94.3
June 2013 92.5
March 2013 93.0
December 2012 91.7
September 2012 91.5
June 2012 91.1
March 2012 90.8

Dubuque, Iowa Inferred Affordable Mortgage

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

Dubuque, Iowa Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $251,545
January 2014 $247,709
December 2013 $246,836
November 2013 $252,743
October 2013 $254,860
September 2013 $245,968
August 2013 $246,836
July 2013 $249,468
June 2013 $258,552
May 2013 $275,842
April 2013 $278,947
March 2013 $274,819
February 2013 $276,185

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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