Department of Numbers

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Medford, Oregon Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Medford, Oregon Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 120.6
September 2013 116.6
June 2013 111.7
March 2013 109.2
December 2012 107.5
September 2012 105.5
June 2012 103.9
March 2012 104.8

Medford, Oregon Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Medford, Oregon Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 109.3
September 2013 105.7
June 2013 101.3
March 2013 99.0
December 2012 97.5
September 2012 95.7
June 2012 94.2
March 2012 95.0

Medford, Oregon Inferred Affordable Mortgage

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

Medford, Oregon Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $226,371
January 2014 $222,919
December 2013 $222,134
November 2013 $227,450
October 2013 $229,355
September 2013 $221,353
August 2013 $222,134
July 2013 $224,503
June 2013 $232,677
May 2013 $248,238
April 2013 $251,031
March 2013 $247,316
February 2013 $248,546

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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