Data Dictionary: | ACS 2018 Supplemental Estimates |
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Survey: ACS 2018 Supplemental Estimates
Data Source: | Social Explorer; U.S. Census Bureau |
Data set: Social Explorer Tables (SE)
Table: | T45. Median House Value for All Owner-Occupied Housing Units [1] |
Universe: Owner-occupied housing units
Table Details
T45. | Median House Value for All Owner-Occupied Housing Units | ||||
Universe: Owner-occupied housing units | |||||
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Relevant Documentation:
Excerpt from: | Social Explorer; U.S. Census Bureau; 2018 ACS 1-year and 2014-2018 ACS 5-year Data Releases : Technical Documentation. |
2018 ACS 1-year and 2014-2018 ACS 5-year Data Releases: Technical Documentation -> 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 "Median 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.")