How affordability has changed for Eugene housing
New homeowner income needed is calculated based on a household spending less than 30% of monthly income on total monthly payment, after a 20% down payment.
Years to save measures the number of years a median household would need for a 20% down payment, saving 10% of their income in a simple savings account with no interest.
Affordable home price is estimated based on a monthly payment not exceeding 30% of median household's monthly income at a 20% down payment.
Share of income costs are calculated based on the share of income a median household would spend on a new home, including mortgage, homeowner's insurance, property tax, and maintenance cost.
Years to save measures the number of years a median household would need for a 20% down payment, saving 10% of their income in a simple savings account with no interest.
Affordable home price is estimated based on a monthly payment not exceeding 30% of median household's monthly income at a 20% down payment.
Share of income costs are calculated based on the share of income a median household would spend on a new home, including mortgage, homeowner's insurance, property tax, and maintenance cost.
Chart: Michael Zhang/Lookout Eugene-Springfield