Home Value

Document Sample
Home Value Powered By Docstoc
					Home Values: 2000




                    1
The value of home and property
is an important measure of
neighborhood quality, housing
affordability and wealth.



                                 2
In 2000, 55.2 million of the
country’s 115.9 million housing
units were owner-occupied, single
family homes on less than 10
acres.


                                    3
Census 2000
 Question on
    Housing
       Value



               4
Median home values more than
doubled between 1950 and 2000.




                                 5
6
Homeowners aged 45 to 54 lived
in the highest-priced homes.




                                 7
8
The median value of homes
owned by Asian householders
was more than 50 percent higher
than the national median.



                                  9
10
Home values were highest
in the West.




                           11
Median Values of Single-Family Homes: 2000

                             NORTHEAST
                              $139,400


                MIDWEST
 WEST           $105,500
$171,000




                 SOUTH
                 $96,300



                                         12
In Census 2000, as in 1990,
Hawaii recorded the highest
median value for single-family
homes among states - $272,700.



                                 13
 Median Home Values: 2000
                                     2000
             State     Specified owner-
                                             Median
                       occupied housing
                                            (dollars)
                             units
Hawaii                           173,861         272,700
California                     5,527,618         211,500
Massachusetts                  1,187,871         185,700
New Jersey                     1,701,732         170,800
Washington                     1,157,462         168,300
Connecticut                      728,244         166,900
Colorado                         903,259         166,600
Oregon                           653,869         152,100
District of Columbia              76,289         157,200
                                                           14
  Median Home Values: 2000
                                    2000
              State   Specified owner-
                                            Median
                      occupied housing
                                           (dollars)
                            units

Oklahoma                        699,452          70,700
Mississippi                     532,291          71,400
Arkansas                        513,483          72,800
West Virginia                   392,928          72,800
North Dakota                    122,078          74,400




                                                          15
Oregon had the sharpest rise in
median home value, up 78
percent.



                                  16
 Median Home Values: 1990 and 2000

                        1990                             2000               Median
            Specified                                                       percent
                                     Median*
  State      owner-      Median     (adjusted
                                                  Specified
                                                   owner-        Median
                                                                            change
                                                                             . 1990
            occupied                              occupied
            housing     (dollars)    to 2000                    (dollars)   to 2000
                                     dollars)   housing units
              units

Oregon      511,829       67,100      85,700       653,869       152,100      77.5
Utah        303,724       68,900      88,000       427,244       146,100      66.0
Colorado    637,629       82,700    105,700        903,259       166,600      57.6
Minnesota   894,345       74,000      94,500     1,117,489       122,400      29.5
Maine       214,663       87,400    111,700        254,866        98,700     -11.6
Vermont       89,157      95,500    122,000        105,962       111,500      -8.6




                                                                                17
Counties with more expensive
homes were primarily located in
major metropolitan areas.




                                  18
19
Among places with 100,000
people or more, Sunnyvale,
California recorded the highest
median single-family home value,
$495,200—more than four times
the national median.


                                   20
21
Flint, Michigan recorded the
lowest median home value among
places of 100,000 or more.



                                 22
23
Cambridge, Massachusetts, had
the highest percentage of homes
valued at $1 million or more.



                                  24
25
The median value of single-family
homes with a mortgage was
much higher than the median
value of those without a
mortgage.


                                    26
  Median Value of Single-Family Homes With a
  Mortgage vs. Homes Without a Mortgage: 2000

$140,000           $128,800
$120,000
                                                  $96,900
$100,000
 $80,000
 $60,000
 $40,000
 $20,000
     $0
           Single-family homes with a   Single-family homes without a
                    mortgage                      mortgage



                                                                        27
The median value of homes
varied by type of structure.




                               28
29
The median value of new homes
was higher than that of older
homes.




                                30
31
For More Information
                                Call our Customer Services
                            Center at: 301-763-INFO    (4636)




Visit the Census Bureau’s website: http://www.census.gov

                                                             32

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:11
posted:11/23/2010
language:English
pages:32
Description: Home Value document sample