1 Home Values: 2000. 2 The value of home and property is an important measure of neighborhood quality, housing affordability and wealth.

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Presentation transcript:

1 Home Values: 2000

2 The value of home and property is an important measure of neighborhood quality, housing affordability and wealth.

3 In 2000, 55.2 million of the country’s million housing units were owner-occupied, single family homes on less than 10 acres.

4 Census 2000 Question on Housing Value

5 Median home values more than doubled between 1950 and 2000.

6

7 Homeowners aged 45 to 54 lived in the highest-priced homes.

8

9 The median value of homes owned by Asian householders was more than 50 percent higher than the national median.

10

11 Home values were highest in the West.

12 SOUTH $96,300 MIDWEST $105,500 NORTHEAST $139,400 WEST $171,000 Median Values of Single-Family Homes: 2000

13 In Census 2000, as in 1990, Hawaii recorded the highest median value for single-family homes among states - $272,700.

14 State 2000 Specified owner- occupied housing units Median (dollars) Hawaii California Massachusetts New Jersey Washington Connecticut Colorado Oregon District of Columbia 173,861 5,527,618 1,187,871 1,701,732 1,157, , , ,869 76, , , , , , , , , ,200 Median Home Values: 2000

15 State 2000 Specified owner- occupied housing units Median (dollars) Oklahoma Mississippi Arkansas West Virginia North Dakota 699, , , , ,078 70,700 71,400 72,800 74,400 Median Home Values: 2000

16 Oregon had the sharpest rise in median home value, up 78 percent.

17 Median Home Values: 1990 and 2000 State Median percent change to 2000 Specified owner- occupied housing units Median (dollars) Median* (adjusted to 2000 dollars) Specified owner- occupied housing units Median (dollars) Oregon Utah Colorado Minnesota Maine Vermont 511, , , , ,663 89,157 67,100 68,900 82,700 74,000 87,400 95,500 85,700 88, ,700 94, , , , , ,259 1,117, , , , , , ,400 98, ,

18 Counties with more expensive homes were primarily located in major metropolitan areas.

19

20 Among places with 100,000 people or more, Sunnyvale, California recorded the highest median single-family home value, $495,200—more than four times the national median.

21

22 Flint, Michigan recorded the lowest median home value among places of 100,000 or more.

23

24 Cambridge, Massachusetts, had the highest percentage of homes valued at $1 million or more.

25

26 The median value of single-family homes with a mortgage was much higher than the median value of those without a mortgage.

27 Median Value of Single-Family Homes With a Mortgage vs. Homes Without a Mortgage: 2000

28 The median value of homes varied by type of structure.

29

30 The median value of new homes was higher than that of older homes.

31

32 F or M ore I nformation Call our Customer Services Center at: INFO (4636 ) Call our Customer Services Center at: INFO (4636 ) Visit the Census Bureau’s website: