Profile picture for newguyontheblock

Want to invest in housing market.

How to find median home price and median household income in a location? is it a public information? If so, where to obtain it?
  • February 11 2010 - Des Moines
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Answers (5)

Profile picture for Mark LeMenager
We were all new to this once.

Take care with median data.  In the current market with REO's and short sales being such a huge part of the market, the overal median means NOTHING.  You really need to track price for each of the three components fo the market to get anything useful.  Also focus on the price per sq ft.

For example, here in Orlando the overall median is still going down, but that is almost entirely due to the mix of sales changing.  The bottom of the market (REO's) has been solid for months.  In fact I can show you resort developments in the Disney area where prices have gone UP 20% since last summer.

If you are interested I've got some investors basics and unbiased links on my website.  Click on my picture to access.

Good Luck, Mark
  • February 20 2010
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  • February 18 2010
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Do you have cash?  What's your budget? it must be freezing right now where you're from!  What are your long range aspirations?  What is the goal you have set re buying investment property...as a rental...as  retirement income...are you looking to derive rental income and help folks that have had to sell their homes short who would like lease with option to buy when they are able to get financed again...please enumerate. 
  • February 18 2010
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If you are working with a realtor, you can have them quickly check on the MLS for median price (and many other stats).  Our website blog has some data on this.
  • February 12 2010
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Profile picture for Z_M
Hey D,

Yes it is public. You can find that info by following this link: http://www.census.gov/

Good Luck!
  • February 11 2010
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