Median Home Value

Median home value for the 4th quarter of 2019 was estimated for each county studied. Home values represent the value of all homes instead of home sales.

Base Price Subject to Population Threshold

The most recent American Community Survey (ACS) data was used, subject to ACS population thresholds. This means that for counties with population less than 65,000, the 5-year ACS estimates were used for the price calculations. Respectively, for counties which have a population at or exceeding the population threshold of 65,000, the 1-year ACS estimates were used.

Growth Rate for Counties in Metropolitan Statistical Areas

The House Price Index (HPI) 1 growth in the related metropolitan area was applied to the 2018 ACS estimates.

Growth Rate for Counties in Non-Metropolitan Areas

For counties that are not included in a metropolitan area, the related state-Non-metropolitan Areas HPI growth rate was applied.

Monthly Mortgage Payment

A ten percent down payment was used to calculate the monthly mortgage payment assuming a 30-year fixed-rate fully amortizing mortgage. Mortgage payments in this study include only principal and interest payments; actual payments, which are likely to include escrow payments for insurance and taxes, may be higher.

Data Sources

  • Price: American Community Survey (ACS) Summary Tables (2018). Federal Housing Finance Agency (FHFA) House Price Index (HPI)
  • Interest Rates: Freddie Mac Primary Mortgage Market Survey.1

1 The House Price Index from FHFA:


2020 Census

The decennial census is important for all REALTORS® because completing the 2020 census means more resources for businesses and communities.


NAR continues to monitor and respond to concerns about COVID-19 (coronavirus) and its impact on the real estate industry and events.