Household Income compared House Value, with Age

[Seav]

Bit of a nosy question (I'm not asking for exact figures though) for home owners:

What number do you come up with when you divide the approx. value of your home by your current household income (ignoring how much is equity/mortgage)? What is your age/average age of the homeowners?

Ours comes out as 3.0 (and could be as low as 2.5 if I go with a more conservative house price estimate and upper end of income fluctuation) with an average age of 46.

I was thinking that it was a fairly low figure for our age (3.0) i.e. our house is worth less than you would expect for people of our age and income - just wondered where we fitted in? Obviously, how much actual equity you have/how much has come from family help/inheritance and other factors play a part but...ignoring all of that for now...

3.75 with an average age of 30.

That's taking last year's income and the valuation of our house from a few weeks ago.

As we're looking to move soon this will change to an estimated 5.6. Part of me can't wait to have a bigger house but part of me would love to stay and be mortgage free a lot quicker!

Ours is 6.8. I'm not sure what that means though

I may not be bright enough to work it out

With an average age of 41

about 8-9 times

average age of 50.

High because DH first bought in 94, in a part of the country where house prices have gone up fast.

7 - with average age of 30.

Thats the mad house prices in the thames valley!

smu06set - We're Thames Valley too.

14.4. Av. age 45

That's silly maths, honestly.

Mines just over five. Late forties.

My neighbours is a negative, his home is worth about five million. His salary is publicly available and is more than that.

My friends is also five, her home is worth less than a quarter of mine, but the family income is much lower. Average age late forties.

Another friends it's about ten. Because one of them retired and they have no mortgage and have lived there forever. The value is half of ours and they are also late forties. But they have a ten and we have a five.

There is nothing that can be taken from that maths, I'm sorry.

About 12. Age late 40s.

Was 0 (mortgage free)
Divorced abusive ex and bought him out and now it's 3.5

7.5
Aged 40

Is it better the higher the number
Or worse?

What does it MEAN, I need to know

I think there is arguments either way, that the lower the number the better or the higher the better, it really means nothing....you'd have to know the numbers for it to mean anything.

6.4 and we're early 30s. It has been as low as 3.94 though but DH has massively reduced his income this year setting up a new business.

9 and I'm mid 30s. It's partly because house prices have gone crazy since we bought a few years ago and partly because DH isn't working atm.

2.35 for the price we paid for the house, but we've just spent 50k on an extension which has definitely raised the value.
Assuming it's added as much back as we spent (that's conservative, everyone I've spoken to thinks more) then 2.7

We're 29

3.6

I think

And 48

I live with my dc so house mine.
Answer 10.75

Is this calculation a thing? what's it called?

I think the meaningful figure would be using the value of the equity in your home, rather than your homes value.

2.2
We are both 37.

16 and average age 28.

Wow, what a range we are in the middle at 4.2 average age 42. About to upsize though so will be 6.5 those with 12 or 14 -wow.

I agree it doesn't tell you much. Ours is around 4, in early 40s. But that could be a household income of £20k and a house worth £80k or a household income of £500k and a £2m house.

5x wages for outstanding mortgage, 8x wages for house value. Average age 30 ish. Bought a decade ago in a commuter town where prices have risen. Can't afford to move.

Outstanding mortgage is half of dhs gross annual wage

House is worth 3 and a half times dh wage