Data Dictionary: ACS 2005 -- 2007 (3-Year Estimates)
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Data Source: U.S. Census Bureau
Table: B25057. Lower Contract Rent Quartile (Dollars) [1]
Universe: Universe: Renter-occupied housing units paying cash rent
Table Details
B25057. Lower Contract Rent Quartile (Dollars)
Universe: Universe: Renter-occupied housing units paying cash rent
Variable Label
B25057001
Relevant Documentation:
Excerpt from: Social Explorer; U.S. Census Bureau; 2005-2007 American Community Survey 3-Year Summary File: Technical Documentation.
 
Median and Quartile Contract Rent
The median divides the rent distribution into two equal parts: one-half of the cases falling below the median contract rent and one-half above the median. Quartiles divide the rent distribution into four equal parts. Median and quartile contract rent are computed on the basis of a standard distribution. (See the "Standard Distributions" section under "Derived Measures.") In computing median and quartile contract rent, units reported as "No cash paid" are excluded. Median and quartile rent calculations are rounded to the nearest whole dollar. Upper and lower quartiles can be used to note large rent differences among various geographic areas. (For more information on medians and quartiles, see "Derived Measures.")