Data Dictionary: ACS 2008 (1-Year Estimates)
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Data Source: U.S. Census Bureau
Universe: Owner-occupied housing units
Variable Details
B25076. Lower Value Quartile (Dollars)
Universe: Owner-occupied housing units
B25076001Lower value quartile (dollars)
Percent base:
None - percentages not computed
Aggregation method:
None -- No totals are displayed for this variable when multiple geographies are aggregated.
Relevant Documentation:
Excerpt from: Social Explorer; U.S. Census Bureau; American Community Survey 2008 Summary File: Technical Documentation.
Median and Quartile Value
The median divides the value distribution into two equal parts: one-half of the cases falling below the median value of the property (house and lot, mobile home and lot, or condominium unit) and one-half above the median. Quartiles divide the value distribution into four equal parts. Median and quartile value are computed on the basis of a standard distribution. (See the "Standard Distributions" section under "Derived Measures.") Median and quartile value calculations are rounded to the nearest hundred dollars. Upper and lower quartiles can be used to note large value differences among various geographic areas. (For more information on medians and quartiles, see "Derived Measures.")