Like the price to rent ratio, it’s been over a year since we visited the subject of Seattle’s home price to income ratio, so let’s take another look. Here’s how the ratio stacks up when you use King County median household income data from the OFM: Not too different from what we saw in yesterday’s…
Tag: income
Charting How Much Home the Median Income can Afford
A few days ago on my sarcastic interest rates post, Dave0 asked: I wonder what the chart would look like if you graphed out, from 2000 to present, the price someone could afford to buy with the given interest rate at the time (from the graph above), with payments equal to 28% of the median…
Top 25 Cities: Price to Rent and Price to Income Ratios
J.D. Roth over at Get Rich Slowly put up a post Wednesday about renting vs. buying, sort of a follow-up to my 2007 post over there. In it, he said that he couldn’t find any info on current price-to-rent ratios around the country, so I thought I would update the list I put up back…
Housing Stats: Seattle vs. Other Big Cities
Building on the data that was presented yesterday, here’s a sortable table of some more detailed housing stats for the 25 largest US cities by population. Included below are population, density, median sale price, median price per square foot, median rent, median household income, median list price, and some ratios of sale prices to rents…
What the Heck is the Affordability Index, Anyway?
Seattle Times business reporter Eric Pryne quoted me yesterday in his article about the affordability index, and as I was reading through the comments posted at the Seattle Times website, I noticed an awful lot of misconceptions about what the affordability index is, and what it tells us. So, I thought maybe it would be…