Saturday, September 24, 2011

Housing Values in 2010

The median value of the nation's owned homes was $179,900 in 2010, according to the American Community Survey. This was down from the peak of $197,600 reported to the ACS in 2008. Housing value is self-reported, and the fact that median self-reported value increased through 2008 as home prices fell suggests that owners overestimate the value of their homes.

Number (and percent) of owned homes by value in 2010 (numbers in 000s)...
Total owner-occupied: 74,873 (100%)
Under $100,000: 17,809 (24%)
$100,000 to $149,999: 11,993 (16%)
$150,000 to $199,999: 11,375 (15%)
$200,000 to $249,999: 7,948 (11%)
$250,000 to $299,999: 6,002 (8%)
$300,000 to $399,999: 7,756 (10%)
$400,000 to $499,999: 4,164 (6%)
$500,000 to $749,999: 4,626 (6%)
$750,000 to $999,999: 1,642 (2%)
$1,000,000 or more: 1,558 (2%)

Source: Census Bureau, American Factfinder

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