Accessible Version
Are Rising Home Values Restraining Homebuying for Lower-Income Families? Accessible Data
Figure 1: County house price growth vs. county income growth, 2012-2015
| FIPS County Code | Growth in median household income, 2012-15 | Growth in median home value, 2012-15 |
|---|---|---|
| 1003 | 7% | 12% |
| 1055 | 27% | 4% |
| 1069 | 8% | 9% |
| 1073 | 10% | 4% |
| 1077 | 2% | 6% |
| 1089 | 3% | 4% |
| 1097 | 8% | 2% |
| 1115 | 5% | 9% |
| 1117 | 7% | 10% |
| 1125 | 19% | 12% |
| 2020 | 8% | 11% |
| 2090 | 10% | -1% |
| 4003 | 0% | -6% |
| 4005 | 16% | 26% |
| 4013 | 9% | 41% |
| 4015 | 19% | 26% |
| 4019 | 5% | 16% |
| 4021 | 1% | 39% |
| 4025 | 9% | 32% |
| 4027 | 3% | 14% |
| 5007 | 12% | 13% |
| 5031 | -9% | 16% |
| 5045 | 2% | 6% |
| 5051 | -9% | 1% |
| 5119 | 4% | 1% |
| 5125 | -5% | 2% |
| 5131 | 8% | 4% |
| 5143 | 12% | 10% |
| 5145 | 0% | 8% |
| 6001 | 16% | 62% |
| 6007 | 11% | 23% |
| 6013 | 12% | 56% |
| 6017 | 13% | 41% |
| 6019 | 13% | 38% |
| 6023 | 0% | 7% |
| 6025 | 2% | 33% |
| 6029 | 12% | 41% |
| 6031 | 0% | 25% |
| 6033 | 12% | 69% |
| 6037 | 12% | 36% |
| 6039 | 12% | 41% |
| 6041 | 11% | 31% |
| 6045 | 1% | 32% |
| 6047 | -4% | 68% |
| 6053 | 4% | 46% |
| 6055 | 10% | 45% |
| 6057 | 1% | 39% |
| 6059 | 9% | 36% |
| 6061 | 10% | 40% |
| 6065 | 11% | 47% |
| 6067 | 12% | 55% |
| 6071 | 6% | 51% |
| 6073 | 12% | 34% |
| 6075 | 26% | 57% |
| 6077 | 6% | 68% |
| 6079 | 4% | 34% |
| 6081 | 24% | 54% |
| 6083 | 3% | 37% |
| 6085 | 12% | 51% |
| 6087 | -4% | 37% |
| 6089 | 3% | 33% |
| 6095 | 9% | 71% |
| 6097 | 11% | 50% |
| 6099 | 13% | 66% |
| 6101 | 11% | 51% |
| 6107 | 5% | 37% |
| 6111 | 12% | 31% |
| 6113 | 17% | 45% |
| 6115 | 16% | 54% |
| 8001 | 14% | 42% |
| 8005 | 11% | 40% |
| 8013 | 7% | 31% |
| 8031 | 15% | 44% |
| 8035 | 13% | 30% |
| 8041 | 9% | 14% |
| 8059 | 5% | 35% |
| 8069 | 16% | 27% |
| 8077 | 12% | 8% |
| 8101 | -3% | 13% |
| 8123 | 27% | 38% |
| 9001 | 8% | 9% |
| 9003 | 10% | 0% |
| 9005 | 4% | 4% |
| 9007 | 12% | 4% |
| 9009 | 4% | 3% |
| 9011 | -1% | 3% |
| 9013 | 9% | -1% |
| 9015 | 16% | 2% |
| 10001 | 7% | 9% |
| 10003 | 7% | 8% |
| 11001 | 14% | 34% |
| 12001 | 15% | 11% |
| 12005 | 5% | 17% |
| 12009 | 9% | 35% |
| 12011 | 8% | 46% |
| 12015 | 1% | 33% |
| 12017 | 2% | 19% |
| 12019 | 7% | 18% |
| 12021 | 15% | 37% |
| 12023 | 31% | 10% |
| 12031 | 14% | 26% |
| 12033 | 2% | 17% |
| 12035 | 14% | 28% |
| 12053 | 19% | 33% |
| 12055 | -1% | 16% |
| 12057 | 11% | 36% |
| 12061 | 22% | 28% |
| 12069 | 22% | 31% |
| 12071 | 9% | 37% |
| 12073 | -1% | 11% |
| 12081 | 7% | 36% |
| 12083 | 8% | 25% |
| 12085 | 15% | 33% |
| 12086 | 6% | 46% |
| 12087 | 14% | 31% |
| 12089 | -2% | 17% |
| 12091 | 5% | 16% |
| 12095 | 11% | 39% |
| 12097 | 5% | 42% |
| 12099 | 11% | 48% |
| 12101 | 8% | 27% |
| 12103 | 6% | 34% |
| 12105 | 7% | 32% |
| 12107 | -7% | -2% |
| 12109 | 15% | 22% |
| 12111 | 10% | 44% |
| 12113 | -2% | 11% |
| 12115 | 17% | 40% |
| 12117 | 4% | 34% |
| 12119 | 14% | 22% |
| 12127 | 5% | 33% |
| 13013 | 12% | 35% |
| 13015 | 9% | 28% |
| 13021 | 7% | -7% |
| 13031 | -7% | 5% |
| 13045 | 1% | 47% |
| 13047 | 21% | 2% |
| 13051 | 16% | 11% |
| 13057 | 11% | 20% |
| 13059 | -4% | 9% |
| 13067 | 11% | 25% |
| 13073 | 11% | 12% |
| 13077 | 10% | 20% |
| 13089 | 10% | 39% |
| 13095 | 17% | -2% |
| 13097 | 19% | 23% |
| 13113 | 1% | 23% |
| 13115 | 7% | 16% |
| 13117 | 11% | 29% |
| 13121 | 9% | 39% |
| 13127 | 3% | 12% |
| 13135 | 9% | 39% |
| 13139 | 11% | 16% |
| 13151 | 17% | 27% |
| 13153 | 1% | -1% |
| 13179 | -15% | -3% |
| 13185 | -7% | -5% |
| 13215 | -7% | -3% |
| 13217 | 4% | 42% |
| 13223 | 5% | 25% |
| 13245 | 12% | 1% |
| 13247 | 1% | 20% |
| 13295 | 24% | 9% |
| 13297 | 18% | 11% |
| 13313 | 31% | 23% |
| 15001 | 19% | 27% |
| 15003 | 8% | 23% |
| 15009 | 15% | 37% |
| 16001 | 6% | 32% |
| 16019 | 8% | 4% |
| 16027 | 3% | 47% |
| 16083 | 12% | 13% |
| 17019 | 8% | 2% |
| 17031 | 9% | 17% |
| 17037 | 21% | 9% |
| 17043 | 4% | 16% |
| 17089 | 9% | 18% |
| 17091 | 4% | -18% |
| 17093 | 11% | 16% |
| 17097 | 10% | 13% |
| 17099 | 6% | -1% |
| 17111 | 4% | 17% |
| 17113 | 5% | 5% |
| 17119 | 2% | -3% |
| 17143 | 16% | -3% |
| 17161 | 0% | 6% |
| 17163 | 8% | -5% |
| 17167 | 4% | 4% |
| 17179 | -7% | 3% |
| 17197 | 5% | 13% |
| 17201 | 1% | -6% |
| 18003 | 2% | 8% |
| 18005 | 1% | 13% |
| 18019 | 4% | 5% |
| 18035 | 10% | 12% |
| 18039 | 9% | 6% |
| 18043 | 8% | 5% |
| 18053 | -1% | -3% |
| 18057 | 6% | 13% |
| 18059 | 11% | 12% |
| 18063 | 3% | 5% |
| 18067 | 20% | 8% |
| 18081 | 12% | 14% |
| 18089 | 5% | 4% |
| 18095 | 5% | 9% |
| 18097 | 0% | 19% |
| 18105 | 17% | 7% |
| 18109 | 16% | 11% |
| 18127 | 1% | 8% |
| 18157 | 18% | 8% |
| 18163 | 3% | 12% |
| 18167 | -5% | 3% |
| 18177 | 26% | 2% |
| 19049 | 12% | 15% |
| 19113 | -1% | 3% |
| 19153 | 4% | 9% |
| 19155 | 6% | 6% |
| 20045 | 6% | 1% |
| 20091 | 13% | 12% |
| 20173 | 7% | 9% |
| 20177 | 7% | -7% |
| 20209 | 11% | 12% |
| 21015 | 2% | 5% |
| 21037 | -8% | 4% |
| 21047 | 3% | 2% |
| 21067 | 12% | 4% |
| 21093 | 0% | -3% |
| 21111 | 12% | 8% |
| 21117 | -3% | 3% |
| 21151 | 19% | 0% |
| 21227 | 8% | 11% |
| 22005 | 16% | 11% |
| 22015 | 5% | -3% |
| 22017 | 0% | 0% |
| 22019 | 3% | 15% |
| 22033 | 5% | 1% |
| 22045 | 6% | 29% |
| 22051 | 9% | 6% |
| 22057 | 8% | -1% |
| 22063 | 12% | 18% |
| 22071 | 14% | 20% |
| 22079 | 5% | 24% |
| 22097 | -15% | 25% |
| 22103 | 12% | 9% |
| 22105 | 23% | 1% |
| 22109 | -15% | -2% |
| 24001 | -1% | 5% |
| 24003 | 2% | 12% |
| 24005 | 10% | 10% |
| 24009 | 21% | 4% |
| 24013 | 6% | 10% |
| 24015 | 12% | 5% |
| 24017 | -2% | 10% |
| 24021 | 4% | 18% |
| 24025 | 2% | 3% |
| 24027 | 2% | 8% |
| 24031 | 4% | 12% |
| 24033 | 10% | 33% |
| 24037 | -1% | 1% |
| 24043 | 5% | 5% |
| 24045 | 6% | 7% |
| 24510 | 13% | 15% |
| 25001 | 11% | 9% |
| 25003 | 9% | 2% |
| 25005 | 12% | 13% |
| 25009 | 1% | 19% |
| 25011 | 6% | 5% |
| 25013 | 5% | 6% |
| 25015 | 3% | 4% |
| 25017 | 10% | 19% |
| 25021 | 17% | 20% |
| 25023 | 2% | 12% |
| 25025 | 11% | 31% |
| 25027 | 5% | 11% |
| 26005 | 10% | 19% |
| 26017 | 5% | 1% |
| 26021 | 7% | 8% |
| 26025 | 10% | 14% |
| 26037 | 11% | 20% |
| 26045 | 1% | 15% |
| 26049 | 9% | 36% |
| 26065 | 9% | 26% |
| 26075 | 19% | 31% |
| 26077 | 18% | 20% |
| 26081 | 7% | 22% |
| 26093 | 1% | 28% |
| 26099 | 5% | 44% |
| 26111 | 13% | 4% |
| 26115 | 7% | 22% |
| 26121 | 17% | 13% |
| 26125 | 11% | 41% |
| 26139 | 12% | 18% |
| 26147 | 15% | 33% |
| 26155 | 26% | 21% |
| 26159 | 8% | 28% |
| 26161 | 10% | 27% |
| 26163 | 5% | 21% |
| 27003 | 8% | 27% |
| 27013 | -2% | 8% |
| 27019 | 11% | 17% |
| 27037 | 8% | 28% |
| 27053 | 10% | 22% |
| 27109 | 10% | 11% |
| 27123 | 6% | 29% |
| 27137 | 7% | 10% |
| 27139 | 8% | 17% |
| 27141 | 16% | 25% |
| 27163 | 10% | 20% |
| 28033 | 12% | 4% |
| 28035 | 7% | -3% |
| 28047 | 3% | -11% |
| 28049 | 13% | 2% |
| 28059 | 2% | 1% |
| 28067 | -5% | 18% |
| 28081 | -4% | 7% |
| 28089 | 13% | 5% |
| 29019 | 14% | 6% |
| 29031 | 8% | 17% |
| 29037 | 14% | 3% |
| 29047 | 14% | 6% |
| 29051 | 12% | 1% |
| 29071 | 15% | 4% |
| 29077 | 8% | 5% |
| 29095 | 9% | 8% |
| 29097 | 18% | 2% |
| 29099 | 12% | 3% |
| 29183 | 4% | 10% |
| 29189 | 9% | 9% |
| 29510 | 20% | -1% |
| 30013 | 9% | 2% |
| 30063 | -6% | 6% |
| 30111 | 17% | 12% |
| 31055 | 14% | 11% |
| 31109 | 7% | 12% |
| 31153 | 10% | 15% |
| 32003 | 4% | 55% |
| 32031 | 15% | 66% |
| 33005 | 10% | 5% |
| 33009 | 11% | 3% |
| 33011 | 8% | 14% |
| 33013 | 17% | 12% |
| 33015 | 15% | 16% |
| 33017 | 18% | 13% |
| 34001 | 6% | -2% |
| 34003 | 8% | 11% |
| 34005 | 0% | 4% |
| 34007 | 10% | 3% |
| 34009 | 0% | 4% |
| 34011 | 9% | -3% |
| 34013 | 2% | 16% |
| 34015 | 6% | 3% |
| 34017 | 5% | 22% |
| 34019 | -3% | 8% |
| 34021 | 7% | 5% |
| 34023 | 2% | 8% |
| 34025 | 7% | 10% |
| 34027 | 7% | 9% |
| 34029 | 8% | 8% |
| 34031 | -5% | 6% |
| 34033 | 14% | 0% |
| 34035 | 3% | 7% |
| 34037 | -2% | 3% |
| 34039 | 8% | 8% |
| 34041 | 0% | 8% |
| 35001 | 3% | 6% |
| 35013 | 6% | -2% |
| 35031 | -5% | -1% |
| 35043 | 10% | 3% |
| 35049 | 10% | 5% |
| 35061 | 10% | -4% |
| 36001 | -3% | 4% |
| 36007 | 2% | 1% |
| 36009 | -8% | 1% |
| 36011 | 6% | 5% |
| 36015 | 16% | -3% |
| 36019 | -13% | 5% |
| 36027 | 8% | 3% |
| 36045 | 10% | -1% |
| 36047 | 13% | 27% |
| 36051 | 1% | 5% |
| 36055 | 7% | 5% |
| 36059 | 9% | 14% |
| 36061 | 13% | 21% |
| 36063 | -1% | 8% |
| 36067 | 9% | 3% |
| 36071 | 10% | 0% |
| 36075 | 6% | 4% |
| 36079 | -6% | 9% |
| 36081 | 10% | 14% |
| 36085 | 1% | 11% |
| 36087 | 3% | 10% |
| 36091 | 13% | 6% |
| 36093 | 9% | 0% |
| 36101 | 2% | 3% |
| 36103 | 2% | 3% |
| 36109 | 16% | 12% |
| 36111 | 4% | 2% |
| 36113 | 6% | 1% |
| 36119 | 11% | 12% |
| 37001 | -1% | 6% |
| 37019 | -5% | 9% |
| 37021 | 3% | 18% |
| 37023 | 15% | 3% |
| 37025 | 2% | 8% |
| 37031 | 2% | -2% |
| 37035 | -2% | 6% |
| 37037 | 2% | 10% |
| 37051 | -6% | -4% |
| 37057 | 6% | 7% |
| 37063 | 5% | 10% |
| 37067 | 9% | 3% |
| 37071 | 8% | 13% |
| 37081 | 12% | 7% |
| 37085 | 7% | 2% |
| 37089 | 4% | 12% |
| 37097 | 14% | 5% |
| 37101 | 11% | 9% |
| 37109 | 2% | 4% |
| 37119 | 3% | 19% |
| 37125 | 4% | 3% |
| 37127 | 7% | -9% |
| 37129 | 2% | 16% |
| 37133 | 4% | -6% |
| 37135 | 20% | 9% |
| 37151 | 2% | 4% |
| 37159 | 13% | 4% |
| 37179 | 20% | 15% |
| 37183 | 11% | 15% |
| 37195 | 11% | 3% |
| 38015 | 3% | 30% |
| 38017 | 5% | 24% |
| 39003 | 21% | 7% |
| 39013 | 4% | 22% |
| 39017 | 6% | 7% |
| 39023 | 22% | 9% |
| 39025 | 17% | 5% |
| 39035 | 8% | 5% |
| 39041 | 13% | 13% |
| 39043 | 6% | 11% |
| 39045 | 1% | 10% |
| 39049 | 8% | 11% |
| 39057 | 14% | 4% |
| 39061 | 9% | 7% |
| 39063 | 14% | 8% |
| 39085 | 11% | 6% |
| 39093 | 7% | 8% |
| 39095 | 5% | 6% |
| 39099 | 6% | 3% |
| 39101 | -6% | 6% |
| 39103 | 8% | 9% |
| 39109 | -7% | 4% |
| 39113 | 9% | 2% |
| 39119 | 9% | 9% |
| 39133 | 1% | 10% |
| 39139 | 8% | 4% |
| 39141 | 5% | 17% |
| 39145 | -3% | 13% |
| 39151 | 7% | 13% |
| 39153 | 5% | 8% |
| 39155 | 3% | 7% |
| 39165 | 11% | 13% |
| 39173 | 15% | 4% |
| 40017 | -1% | 12% |
| 40037 | 5% | 4% |
| 40109 | 14% | 8% |
| 40125 | 2% | 7% |
| 40143 | 8% | 10% |
| 41003 | 3% | 14% |
| 41005 | 8% | 33% |
| 41017 | 21% | 51% |
| 41019 | 4% | 9% |
| 41029 | -2% | 36% |
| 41033 | 21% | 25% |
| 41035 | 13% | 27% |
| 41039 | 16% | 17% |
| 41043 | 9% | 18% |
| 41047 | 15% | 22% |
| 41051 | 14% | 33% |
| 41053 | 17% | 19% |
| 41059 | 1% | 16% |
| 41067 | 11% | 31% |
| 41071 | 8% | 30% |
| 42001 | 1% | 4% |
| 42003 | 7% | 11% |
| 42005 | 6% | 12% |
| 42007 | 6% | 11% |
| 42011 | 8% | 4% |
| 42013 | 10% | 4% |
| 42017 | 7% | 8% |
| 42019 | 20% | 11% |
| 42021 | 11% | 3% |
| 42025 | 13% | -3% |
| 42027 | 11% | 10% |
| 42029 | 10% | 10% |
| 42033 | 7% | 6% |
| 42037 | -8% | 3% |
| 42041 | 11% | 3% |
| 42043 | 4% | 3% |
| 42045 | 11% | 0% |
| 42049 | 2% | 5% |
| 42055 | 12% | 5% |
| 42063 | 6% | 4% |
| 42069 | 13% | -1% |
| 42071 | 8% | 6% |
| 42073 | -1% | 7% |
| 42075 | 2% | -3% |
| 42077 | 5% | 3% |
| 42079 | 19% | 6% |
| 42085 | 12% | 5% |
| 42089 | 2% | -3% |
| 42091 | 8% | 7% |
| 42095 | 13% | 4% |
| 42097 | 10% | 11% |
| 42101 | 17% | 6% |
| 42111 | -6% | -6% |
| 42125 | 7% | 6% |
| 42129 | 8% | 9% |
| 42133 | 5% | 6% |
| 44003 | 10% | 9% |
| 44005 | 2% | 15% |
| 44007 | 5% | 16% |
| 44009 | 3% | 7% |
| 45003 | 3% | -1% |
| 45007 | 11% | 8% |
| 45013 | 11% | 14% |
| 45015 | 14% | 13% |
| 45035 | 2% | 13% |
| 45041 | -1% | 7% |
| 45045 | 11% | 12% |
| 45057 | 2% | 7% |
| 45063 | 6% | 4% |
| 45073 | 16% | -4% |
| 45075 | 13% | -9% |
| 45079 | 7% | 6% |
| 45083 | 10% | 6% |
| 45085 | 4% | 2% |
| 45091 | 11% | 7% |
| 47001 | 11% | 4% |
| 47009 | 7% | 6% |
| 47011 | 11% | 3% |
| 47037 | 17% | 24% |
| 47059 | 1% | 10% |
| 47065 | 2% | 7% |
| 47113 | 11% | 5% |
| 47119 | 21% | 14% |
| 47125 | 2% | 3% |
| 47141 | 29% | 7% |
| 47147 | -5% | 11% |
| 47149 | 13% | 17% |
| 47155 | -3% | 7% |
| 47157 | 5% | 11% |
| 47163 | 11% | 10% |
| 47165 | 8% | 13% |
| 47179 | 7% | 3% |
| 47187 | 13% | 20% |
| 47189 | 14% | 24% |
| 48027 | 0% | 3% |
| 48041 | 11% | 10% |
| 48061 | 10% | 2% |
| 48085 | 6% | 32% |
| 48091 | 20% | 14% |
| 48099 | -2% | -3% |
| 48113 | 10% | 25% |
| 48121 | 6% | 28% |
| 48139 | 19% | 15% |
| 48141 | 8% | -3% |
| 48183 | 13% | 2% |
| 48209 | 12% | 21% |
| 48213 | 29% | 3% |
| 48231 | 9% | 12% |
| 48251 | 2% | 12% |
| 48257 | 7% | 19% |
| 48329 | 32% | 25% |
| 48347 | 22% | 6% |
| 48367 | 4% | 18% |
| 48397 | 10% | 26% |
| 48439 | 8% | 21% |
| 48451 | 8% | 23% |
| 48453 | 14% | 31% |
| 48479 | 9% | 19% |
| 48491 | 11% | 29% |
| 49011 | 4% | 16% |
| 49035 | 12% | 25% |
| 49049 | 12% | 24% |
| 49053 | 25% | 21% |
| 49057 | 9% | 14% |
| 51003 | -3% | 9% |
| 51013 | 6% | 15% |
| 51015 | 20% | 8% |
| 51019 | -6% | 5% |
| 51041 | 7% | 10% |
| 51059 | 6% | 13% |
| 51061 | 10% | 18% |
| 51069 | 7% | 16% |
| 51085 | 11% | 11% |
| 51087 | 13% | 14% |
| 51095 | -7% | 8% |
| 51107 | 6% | 11% |
| 51153 | 6% | 16% |
| 51161 | 10% | 6% |
| 51177 | -4% | 21% |
| 51179 | -2% | 11% |
| 51199 | 18% | 9% |
| 51510 | 11% | 14% |
| 51550 | 3% | 7% |
| 51650 | 9% | -1% |
| 51680 | 7% | 4% |
| 51700 | 2% | -3% |
| 51710 | 8% | 7% |
| 51740 | 16% | 3% |
| 51760 | 5% | 8% |
| 51770 | 5% | 4% |
| 51800 | -6% | 3% |
| 51810 | 9% | 7% |
| 53005 | 8% | 25% |
| 53007 | 24% | 13% |
| 53009 | 6% | 10% |
| 53011 | 15% | 32% |
| 53015 | 5% | 16% |
| 53021 | 8% | 9% |
| 53025 | 12% | 8% |
| 53027 | 5% | 0% |
| 53029 | 5% | 11% |
| 53033 | 19% | 34% |
| 53035 | 12% | 16% |
| 53041 | 12% | 14% |
| 53053 | 4% | 24% |
| 53057 | 7% | 18% |
| 53061 | 14% | 35% |
| 53063 | 2% | 11% |
| 53067 | 7% | 10% |
| 53073 | 7% | 13% |
| 53077 | 7% | 8% |
| 54039 | -4% | 1% |
| 55009 | 9% | 5% |
| 55025 | 9% | 10% |
| 55027 | 10% | 1% |
| 55035 | 8% | 9% |
| 55039 | 9% | 0% |
| 55059 | 3% | 6% |
| 55063 | 5% | 6% |
| 55071 | 9% | -2% |
| 55079 | 8% | 8% |
| 55089 | 5% | 7% |
| 55101 | 10% | 3% |
| 55105 | 17% | 12% |
| 55109 | 5% | 17% |
| 55127 | 20% | -2% |
| 55131 | 9% | 10% |
| 55133 | 7% | 9% |
| 55139 | 1% | 9% |
| 56021 | 12% | 6% |
| 56025 | -3% | 19% |
Sources: Zillow, ACS
Figure 2: Probability of mortgage denial due to high DTI or insufficient cash
| Borrower Income | DTI Ratio | Insufficient Cash | Both |
|---|---|---|---|
| < $25k | 0.132 | 0.013 | 0.012 |
| $25k - $49k | 0.038 | 0.008 | 0.004 |
| $50k - $74k | 0.022 | 0.005 | 0.002 |
| $75k - $99k | 0.016 | 0.004 | 0.002 |
| >$100k | 0.014 | 0.005 | 0.002 |
Source: HMDA
Note: Figure displays the fraction of all home purchase loan applications that are denied for the stated reason of the borrower’s DTI ratio or insufficient cash. Applications restricted to first liens on owner-occupied, 1-4 family residences for which the lender reached a credit decision in 2016.
Figure 3: Mortgage loan amount relative to income
| Borrower Income | Median Mortgage Debt to Income Ratio |
|---|---|
| < $25k | 3.71 |
| $25k - $49k | 3.33 |
| $50k - $74k | 2.99 |
| $75k - $99k | 2.70 |
| >$100k | 2.25 |
Source: HMDA
Note: First-lien home purchase loans for owner-occupied, 1-4-family residences in 2016.
Figure 4: Growth in the likelihood of getting a home purchase loan, by income and county house price growth
| County house price growth, 2013-16 | Family income < $50k | Family income ≥ $50k |
|---|---|---|
| < 0% | 0.252 | 0.220 |
| 0%-9% | 0.239 | 0.244 |
| 10%-19% | 0.195 | 0.220 |
| 20%-34% | 0.165 | 0.230 |
| >35% | 0.115 | 0.261 |
Sources: ACS, Zillow, HMDA
Notes: Each data point represents the change from 2013 to 2016 in the log fraction of families in a given income category and county group that took out a first-lien home purchase loan for a 1-4 family owner-occupied property. Numbers of loans are from the 2013 and 2016 HMDA data; numbers of families are from the 2012 and 2015 ACS.
Last Update:
September 28, 2017