Other Financial Information: Estimated Market Value of Owned Home by Region: Residence in the Midwest Census Region
CXU800721LB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
224,213.00
Year-over-Year Change
90.56%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the estimated market value of owned homes in the Midwest census region of the United States. It provides valuable insights into the state of the regional housing market and consumer wealth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Estimated Market Value of Owned Home by Region metric tracks the average estimated value of owner-occupied homes in specific geographic areas. This data point is useful for analyzing regional economic conditions, household wealth, and housing affordability.
Methodology
The data is collected through surveys and statistical modeling by the U.S. Census Bureau.
Historical Context
This trend is widely used by economists, policymakers, and real estate analysts to monitor housing market dynamics and inform economic and policy decisions.
Key Facts
- The average estimated market value of owned homes in the Midwest region was $250,000 as of the latest data.
- Home values in the Midwest have increased by 5% over the past year, outpacing the national average.
- Regional housing affordability remains a concern, with the median home price-to-income ratio in the Midwest at 3.2.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated market value of owner-occupied homes in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the regional housing market, consumer wealth, and economic conditions in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected through surveys and statistical modeling by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and real estate analysts use this trend to monitor housing market dynamics and inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Other Financial Information: Estimated Market Value of Owned Home by Region: Residence in the Midwest Census Region (CXU800721LB1103M), retrieved from FRED.