Department of Numbers

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Victoria, Texas Home Affordability

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

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

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Victoria, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 134.8
September 2013 130.2
June 2013 128.3
March 2013 126.3
December 2012 122.8
September 2012 126.1
June 2012 120.5
March 2012 123.5

Victoria, 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 Victoria median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Victoria, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 123.6
September 2013 119.4
June 2013 117.6
March 2013 115.9
December 2012 112.6
September 2012 115.7
June 2012 110.5
March 2012 113.2

Victoria, Texas Inferred Affordable Mortgage

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

Victoria, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $253,207
January 2014 $249,346
December 2013 $248,467
November 2013 $254,413
October 2013 $256,544
September 2013 $247,593
August 2013 $248,467
July 2013 $251,117
June 2013 $260,260
May 2013 $277,665
April 2013 $280,790
March 2013 $276,635
February 2013 $278,010

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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