Variable Definition
Typical Home Value: A smoothed, seasonally adjusted measure of the dollar value for single-family homes, condos and co-ops in the area.
Data Source
Zillow
Data notes
More About Typical Home Value:
Typical home data is calculated using Zillow’s Home Value Index (ZHVI) for single family homes, condos and co-ops. The ZHVI is “A smoothed, seasonally adjusted measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.” Learn more about the ZHVI here.
Zillow publishes the ZHVI for cities and zipcodes across the United States each month. In this graph, the typical home value shown for each year is an average of the 12 monthly data points published by Zillow for each year. The USC area is an average of the data from zip codes 90007 and 90037 (Zip code 90089 is not included in Zillow’s data as it largely contains USC’s campus). Dollar amounts have not been corrected for inflation (i.e. 2007 data is shown in 2007 dollars, 2008 is shown in 2008 dollars and so on). Annual data is rounded to the nearest ten for ease of viewing.