What does this measure?

The ratio of the median home value divided by the median household income, shown for homeowners in various racial and ethnic groups.

Why is this important?

This ratio provides a rough estimate of the affordability of homes in a community. A ratio less than 2 or 3 is considered affordable.

How is the Greater Capital Region performing?

Housing was most affordable for white homeowners in the region in 2000, the latest year for which reliable racial and ethnic breakdowns are available. The ratio for white homeowners was 2.3, followed by Asians at 3.0. For all other groups in the region, ratios were above the affordable level, at 3.6 for black homeowners and 3.8 for Hispanics. Housing was more affordable for all homeowners in the region than for their counterparts statewide. In contrast, compared to national levels, housing was less affordable for blacks and Hispanics in the region.

Notes about the data

In calculating the ratio, figures were adjusted to 2007 dollars, and regional median home values were calculated by weighting county medians based on share of population. Figures reflect values for single-family homes (specified owner-occupied units in Census Bureau terms).