The median value of a home in the United States in 2000 was $119,600, according to findings in Census 2000.1 This value represented an increase of 18 percent over the 1990 value of $101,100, after adjusting for inflation.2 Median value means that one-half of all homes were worth more and one-half were worth less. These values refer to specified owner-occupied housing units; that is, owner-occupied single-family homes on less than 10 acres without a business or medical office on the property. In 2000, 55.2 million of the country’s 115.9 million housing units were this type. The value of a home is the owner’s estimate of what the house and lot would sell for if it were on the market. The specific question, reproduced in Figure 1, was asked at owner-occupied housing units and units that were being bought or were vacant and for sale at the time of enumeration.
This report, part of a series that presents population and housing data collected by Census 2000, presents data on median home values in the United States, including regions, states, counties, and places with populations of 100,000 or more. It also includes home values for householders by age, race, and Hispanic origin, as well as other findings.
1 The text of this report discusses data for the United States, including the 50 states and the District of Columbia. Data for the Commonwealth of Puerto Rico are shown in Table 1 and Figure 5.
2 The estimates in this report are based on responses from a sample of the population. As with all surveys, estimates may vary from the actual values because of sampling variation or other factors. All statements made in this report have undergone statistical testing and are significant at the 90-percent confidence level, unless otherwise noted.