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.
Related Ranking
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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.
this entity is one of the U.S. population demographics concepts that recurs across this site. The definition above is the technical answer; the paragraphs below add the practical context for how the concept connects to the the U.S. Census Bureau ACS and decennial files data behind every per-entity page on the site.
In the the U.S. Census Bureau ACS and decennial files data, this concept shapes one or more of the fields that drive the per-entity grades and rankings on this site. The methodology page describes which fields feed into which output; this glossary entry documents the underlying term.
Source: U.S. Census Bureau ACS, 2026.