Wednesday, February 26, 2014

The Typical American, Housing Values

Earlier this week I posted about the typical American home based on data from the American Community Survey (ACS).  The ACS provides some other interesting data on Americans and housing:

  • Jennifer, our typical American, moved into her house between 2000 and 2009 (51.7%).
  • She owns her home (65.5%) but is still paying off the mortgage (67.1%). 
  • The house is currently valued at a median value of $181,400.  Jennifer and her husband’s monthly mortgage payment is a median of $1,559. 
  • If they decided to rent somewhere else instead, they would pay a median rent of $889.

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