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What is your house value / your 2015 income?

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  • What is your house value / your 2015 income?

    Similar to the sqft/income, how about house value to your last year's income?

    Our primary house is 171.43% in 2015; if I use the house's current value to our 20-yr-ago income when we bought it 20 years ago, it would be 1200%.

    You can use zillow for a quick value estimate.

  • #2
    85% according to Zillow

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    • #3
      House is valued at not quite 2x income.
      Steve

      * Despite the high cost of living, it remains very popular.
      * Why should I pay for my daughter's education when she already knows everything?
      * There are no shortcuts to anywhere worth going.

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      • #4
        It's funny what a difference a year can make. Our house is 214% of our 2015 income, but only 107% of our expected 2016 income. 2015 was an unusually low income year, and 2016 is looking to be a unusually high income year. I expect 2017 will be somewhere in the middle, unless we decide to drop to one income.

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        • #5
          Originally posted by phantom View Post
          It's funny what a difference a year can make.
          My income will also be somewhat higher for 2016 thanks to my new part time job so the ratio will change a bit.
          Steve

          * Despite the high cost of living, it remains very popular.
          * Why should I pay for my daughter's education when she already knows everything?
          * There are no shortcuts to anywhere worth going.

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          • #6
            Currently 5x income

            I'd say both our income and house value has been all over the place. Our house is still worth $250k less than it was at the peak. Income is about where we started, though we decreased income most years while having/raising kids. Just kind of getting back to where we last were with 2 full-time incomes.

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            • #7
              House value is 189% of income.

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              • #8
                House value currently right about 220% of income. Bought at the trough of 2010. Was very fortunate for it to go up in value so quickly.

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                • #9
                  Our house is valued at 175% of income, according to Zillow.

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                  • #10
                    Hmmmm......well, it is fluid. Right now it is just based off DH working. And zillow is different than what the realtor says we can get (realtor is lower than zillow.)

                    Anyway, basing this off of just DH's income and what the realtor says:

                    Our house is valued at 400% more than what DH makes.

                    We still owe 150% of what he makes.

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                    • #11
                      2.4x income. When we bought 7 years ago it was right around 2x income.

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                      • #12
                        140% using Zillow. I think it is a house well suited to our lifestyle, needs, and income.
                        "There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid

                        "It is easier to build strong children than to repair broken men." --Frederick Douglass

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                        • #13
                          I echo @rennigade's response to your thread from a week ago about sqft and income: "What is the meaning of this thread? Are we just making stuff up now for the fun of it?"

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                          • #14
                            Originally posted by Nutria View Post
                            I echo @rennigade's response to your thread from a week ago about sqft and income: "What is the meaning of this thread? Are we just making stuff up now for the fun of it?"
                            I cannot speak for OP, but sometimes questions like these are a way of assigning numbers to look at whether we are living within our means.

                            Personally, I like to calculate non-financial assets (primary residence, car, etc) as a percentage of our net worth. Others may not think it's an important number, but for me it is. If someone has a lot of "stuff" but hardly any financial assets that is a red flag.

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                            • #15
                              Originally posted by sv2007 View Post
                              Similar to the sqft/income, how about house value to your last year's income?

                              Our primary house is 171.43% in 2015; if I use the house's current value to our 20-yr-ago income when we bought it 20 years ago, it would be 1200%.

                              You can use zillow for a quick value estimate.


                              Is your home in Silicon/Bay Area? Median price home around $750K that varies depending on exact location.
                              Got debt?
                              www.mo-moneyman.com

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