Median Home Value
Definition
The midpoint value of owner-occupied housing units. Half of homes are worth more and half are worth less. This is self-reported by homeowners in the ACS survey.
Why It Matters
Home values are the primary measure of housing wealth for most Americans. They affect property taxes, school funding, household net worth, and the affordability of homeownership for new buyers.
How It's Measured
Homeowners estimate the current market value of their property in the ACS survey. The median is calculated from all owner-occupied units.
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Frequently Asked Questions
The midpoint value of owner-occupied housing units. Half of homes are worth more and half are worth less. This is self-reported by homeowners in the ACS survey.
Home values are the primary measure of housing wealth for most Americans. They affect property taxes, school funding, household net worth, and the affordability of homeownership for new buyers.
Homeowners estimate the current market value of their property in the ACS survey. The median is calculated from all owner-occupied units.