Department of Numbers

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San Angelo, Texas Home Affordability

The data below measures home affordability for the San Angelo, 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 San Angelo home affordability to other cities.

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

San Angelo, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 140.0
September 2013 137.0
June 2013 134.1
March 2013 128.8
December 2012 126.4
September 2012 124.2
June 2012 121.0
March 2012 121.2

San Angelo, 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 San Angelo median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

San Angelo, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 136.4
September 2013 133.4
June 2013 130.7
March 2013 125.5
December 2012 123.1
September 2012 121.0
June 2012 117.9
March 2012 118.1

San Angelo, Texas Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for San Angelo, 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

San Angelo, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $226,877
January 2014 $223,417
December 2013 $222,630
November 2013 $227,957
October 2013 $229,867
September 2013 $221,847
August 2013 $222,630
July 2013 $225,004
June 2013 $233,197
May 2013 $248,792
April 2013 $251,591
March 2013 $247,868
February 2013 $249,100

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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