Data Dictionary: | ACS 2014 (1-Year Estimates) |
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Survey: ACS 2014 (1-Year Estimates)
Data Source: | U.S. Census Bureau |
Data set: American Community Survey 2014 (ACS14)
Table: | B25077. Median Value (Dollars) [1] |
Universe: Universe: Owner-occupied housing units
Table Details
B25077. | Median Value (Dollars) | ||||
Universe: Universe: Owner-occupied housing units | |||||
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Relevant Documentation:
Excerpt from: | Social Explorer; U.S. Census Bureau; American Community Survey 2014 Summary File: Technical Documentation. |
ACS 2014-1yr Summary File: Technical Documentation -> Appendix A: Supplemental Documentation -> 2014 Subject Definitions -> Derived Measures -> Median |
This measure represents the middle value (if n is odd) or the average of the two middle values (if n is even) in an ordered list of n data values. The median divides the total frequency distribution into two equal parts: one-half of the cases falling below the median and one-half above the median. Each median is calculated using a standard distribution (see below). (For more information, see "Interpolation.")
For data products displayed in American FactFinder, medians that fall in the upper-most category of an open-ended distribution will be shown with a plus symbol (+) appended (e.g., "$2,000+" for contract rent), and medians that fall in the lowest category of an open-ended distribution will be shown with a minus symbol (-) appended (e.g., "$100- for contract rent"). For other data products and data files that are downloaded by users (i.e., FTP files), plus and minus signs will not be appended. Contract Rent, for example will be shown as $2001 if the median falls in the upper-most category ($2,000 or more) and $99 if the median falls in the lowest category (Less than $100). (The "Standard Distributions" section in Appendix A shows the open-ended intervals for medians.)
For data products displayed in American FactFinder, medians that fall in the upper-most category of an open-ended distribution will be shown with a plus symbol (+) appended (e.g., "$2,000+" for contract rent), and medians that fall in the lowest category of an open-ended distribution will be shown with a minus symbol (-) appended (e.g., "$100- for contract rent"). For other data products and data files that are downloaded by users (i.e., FTP files), plus and minus signs will not be appended. Contract Rent, for example will be shown as $2001 if the median falls in the upper-most category ($2,000 or more) and $99 if the median falls in the lowest category (Less than $100). (The "Standard Distributions" section in Appendix A shows the open-ended intervals for medians.)
Excerpt from: | Social Explorer; U.S. Census Bureau; American Community Survey 2014 Summary File: Technical Documentation. |
ACS 2014-1yr Summary File: Technical Documentation -> Appendix A: Supplemental Documentation -> 2014 Subject Definitions -> Housing Variables -> Value -> 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 in Appendix A.)
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.")
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.")