Department of Numbers

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Mansfield, Ohio Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Mansfield, Ohio Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 87.1
September 2013 86.0
June 2013 89.6
March 2013 86.0
December 2012 88.8
September 2012 90.6
June 2012 88.5
March 2012 89.5

Mansfield, Ohio Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Mansfield, Ohio Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 70.2
September 2013 69.3
June 2013 72.2
March 2013 69.3
December 2012 71.6
September 2012 73.0
June 2012 71.3
March 2012 72.1

Mansfield, Ohio Inferred Affordable Mortgage

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

Mansfield, Ohio Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $210,559
January 2014 $207,348
December 2013 $206,618
November 2013 $211,562
October 2013 $213,335
September 2013 $205,891
August 2013 $206,618
July 2013 $208,821
June 2013 $216,425
May 2013 $230,898
April 2013 $233,497
March 2013 $230,041
February 2013 $231,185

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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