Data Dictionary: ACS 2012 (1-Year Estimates)
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Data Source:U.S. Census Bureau
Table: C25108. Aggregate Value (Dollars) by Year Structure Built [7]
Universe: Universe: Owner-occupied housing units
Table Details
C25108. Aggregate Value (Dollars) by Year Structure Built
Universe: Universe: Owner-occupied housing units
Relevant Documentation:
Excerpt from: Social Explorer; U.S. Census Bureau; American Community Survey 2012 Summary File: Technical Documentation.
 
Aggregate Value
Aggregate value is calculated by adding all of the value estimates for owner occupied housing units in an area. Aggregate value is rounded to the nearest hundred dollars. (For more information on aggregates, see "Derived Measures.")

Question/Concept History

The 1996-1998 American Community Survey question provided a space for the respondent to enter a dollar amount. From 1999-2007 the question provided 19 pre-coded response categories from "Less than $10,000" to "$250,000 or more - Specify." Starting in 2004, value was shown for all owner-occupied housing units, unlike from1996-2003 in which value was shown only for specified owner-occupied housing units. Changes introduced in 2008 were removing the pre-coded response categories and adding a write-in box for the respondent to enter the property value amount in dollars, and revising the wording of the question to ask, "About how much do you think this house and lot, apartment, or mobile home (and lot, if owned) would sell for if it were for sale?"

Limitation of the Data

The Census Bureau tested the changes introduced to the 2008 version of the value question in the 2006 ACS Content Test. The results of this testing show that the changes may introduce an inconsistency in the data produced for this question as observed from the years 2007 to 2008, see "2006 ACS Content Test Evaluation Report Covering Property Value" on the ACS website (http://www.census.gov/acs).

Comparability

Caution should be used when comparing American Community Survey data on value from the years 2008 and after with pre-2008 ACS data. Changes made to the value question between the 2007 and 2008 ACS involving the response option may have resulted in an inconsistency in the value distribution for some areas. In 2007 and previous years, the ACS value question included categorical response options with a write-in for values over $250,000. Beginning in 2008, the response option became solely a write-in.

Caution should also be used when comparing value data from the ACS produced in 2008 or later with Census 2000 value data. The 2008 or later ACS provides solely a write-in response option while Census 2000 collected data in categories. Additionally, Census 2000 tables on value were released for both total owner-occupied housing units and specified owner-occupied housing units, thus comparisons can be made only when comparing the same universes between the two data sets.

Excerpt from: Social Explorer; U.S. Census Bureau; American Community Survey 2012 Summary File: Technical Documentation.
 
Year Structure Built
The data on year structure built were obtained from Housing Question 2 in the 2012 American Community Survey. The question was asked at both occupied and vacant housing units. Year structure built refers to when the building was first constructed, not when it was remodeled, added to, or converted. Housing units under construction are included as vacant housing if they meet the housing unit definition, that is, all exterior windows, doors, and final usable floors are in place. For mobile homes, houseboats, RVs, etc., the manufacturer's model year was assumed to be the year built. The data relate to the number of units built during the specified periods that were still in existence at the time of interview.

The year the structure was built provides information on the age of housing units. These data help identify new housing construction and measures the disappearance of old housing from the inventory, when used in combination with data from previous years. The data also serve to aid in the development of formulas to determine substandard housing and provide assistance in forecasting future services, such as energy consumption and fire protection.

Median Year Structure Built
Median year structure built divides the distribution into two equal parts: one-half of the cases falling below the median year structure built and one-half above the median. Median year structure built is computed on the basis of a standard distribution. (See the "Standard Distributions" section in Appendix A.) The median is rounded to the nearest calendar year. Median age of housing can be obtained by subtracting median year structure built from survey year. For example, if the median year structure built is 1969, the median age of housing in that area is 43 years (2012 minus 1969). (For more information on medians, see "Derived Measures.")

Question/Concept History

The 1996-1998 American Community Survey question provided a write-in space for the respondent to enter a year the structure was built. From 1999-2007 the question provided 9 pre-coded response categories, which showed ranges of years, and from 2003-2007 the response categories were updated to provide detail for recently built structures. Starting in 2008, the response category "2000 or later" and the instruction "Specify yeaf with a write-in box replaced the two categories "2000 to 2004" and "2005 or later."

Limitation of the Data

Data on year structure built are more susceptible to errors of response and non-reporting than data for many other questions because respondents must rely on their memory or on estimates by people who have lived in the neighborhood a long time.

Comparability

Data on year structure built in the 2012 American Community Survey can be compared to previous ACS and Census 2000 year structure built data.

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