Value is the respondent's estimate of how much the property would sell for on today's market (April 1960). Value data are restricted to owner-occupied units having only one housing unit in the property and no business. Units in multiunit structures and trailers were excluded from the tabulations. In rural territory, units on farms and all units on places of 10 acres or more also were excluded from the value tabulations. For tracts where information on value was tabulated on a complete- count basis (usually in large cities and other urban places), the median was computed on the basis of the tabulation groups shown in the table and the terminal category was $25,000 or more. For these tracts, $25,000+ is the highest median which could be shown. For tracts where information was tabulated from a sample of units, the median was computed on the basis of more detailed categories than are shown in the table and the terminal category was $35,000 or more. Therefore, a median of $25,000+ is not to be interpreted as being necessarily lower than a specific median above $25,000; for example, a median of $25,000+ for a tract in the city may or may not be lower than $29,000 for a tract outside the city.
In the 1950 tract report, value was not published separate for owner-occupied units (except for nonwhite owner-occupied units) but was shown in combination with vacant units available for sale. In rural territory, value data excluded values for far units but may have included some units on places of 10 acres more.