Department of Numbers

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Longview, Texas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Longview, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 131.8
September 2013 130.9
June 2013 127.5
March 2013 127.7
December 2012 129.8
September 2012 126.3
June 2012 125.9
March 2012 122.8

Longview, Texas Home Price-to-Rent Ratios

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

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Longview, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 106.2
September 2013 105.5
June 2013 102.7
March 2013 102.8
December 2012 104.5
September 2012 101.7
June 2012 101.4
March 2012 98.9

Longview, Texas Inferred Affordable Mortgage

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

Longview, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $214,813
January 2014 $211,537
December 2013 $210,792
November 2013 $215,836
October 2013 $217,644
September 2013 $210,051
August 2013 $210,792
July 2013 $213,040
June 2013 $220,797
May 2013 $235,563
April 2013 $238,214
March 2013 $234,688
February 2013 $235,855

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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