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Disagregations of this indicator
Owner occupied housing units, Median value for units with a mortgage, Number Owner occupied housing units, Median value for units without a mortgage, Number Owner occupied housing units, Median value, Number Total households, Number

Related Indicators
Owner occupied housing units, Median value for units with a mortgage, Number Owner occupied housing units, Median value for units without a mortgage, Number Owner occupied housing units, Median value, Number

Owner occupied housing units, Median value, Number

Source ACS

Definition Median is a mathematical result that indicates that one half of the group is higher and one half lower. Median home value of 101 homes would be that price which is lower than 50 of the prices and higher than 50 of them.

Data Group Total households

Dates Available 2006-10

Publisher US Census

Collection Method To be developed.

Importance The median home price is one of the most common measurements used to compare real estate prices in different markets, areas, and periods. It is said to be less biased than the mean (average) price since it is not as heavily influenced by small number of very highly priced homes.

Strengths To be developed

Limitations To be developed

Frequency 5 years

Geography Level State, Town

Domains Demographics , Demographics

Subdomains Housing , Median Home Value

Subject matter Median Home Value