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Metropolitan Area Housing Value & Household Income: 2013-2014
September 2015. Due to the availability of the American Community Survey 2014 (ACS 2014) 1-year estimates, it is now possible to compare the annual change in a range of demographic-economic measures for individual metropolitan areas -- metros with 65,000 or more population. For example, the change in median household income, 2013-to-2014 ranged from -$8,966 (Houma-Thibodaux, LA MSA) to $9,789 (Marshall, TX MISA). The change in median housing value, 2013-to-2014 ranged from -$23,200 (Pinehurst-Southern Pines, NC MISA) to $79,700 (Santa Cruz-Watsonville, CA MSA). While these are estimates, and subject to estimation error, these data offer new insights into recent levels and short-term change characteristics.
ACS 2013 and 2014 1-year estimates are included in the table for population, median household income and median housing value. The 2014 median housing value-to-median household income is also included. Where do your metros of interest rank? See the interactive table below.
2014 Median Household Income by Metro
The following graphic illustrates use of the ACS 2014 data to develop a thematic pattern map of median household income by metro (metros having 65,000 or more population). This graphic makes use of one subject matter item among hundreds of ACS subject matter items tabulated. Click graphic for larger view showing legend and mini profile example.
-- view developed using CV XE GIS software and related GIS project.
-- see details below on this page for information about the data used to develop the above view
Metropolitan Area Housing Value & Household Income: 2013-2014 -- interactive table
Click column header to sort; click again to sort other direction.
Click ShowAll between queries. Table initially ranked on population 2014 in descending order
See related Ranking Tables Main Page
Name - metro name
St - primary state
CBSA - Core Based Statistical Area code
CSA - Combined Statistical Area code
PopCh 2013-14 -- population change 2013-2014
%PopCh 2013-14 -- percent population change 2013-2014
MHI 2013 -- median household income 2013
MHI 2014 -- median household income 2014
MHI Change 2013-14 -- median household income change 2013-2014
%MHI Change 2013-14 -- median household income percent change 2013-2014
MHV 2013 -- median housing value 2013
MHV 2014 -- median housing value 2014
MHV Change -- median housing value change 2013-14
%MHV Change -- median housing value percent change 2013-14
MHV/MHI 2014 -- ratio of median housing value to median household income -- 2014
About the GIS Project & ACS 2014 Dataset
The ACS 2014 dataset used to create the view above was developed using the Demographic-Economic Data Extraction (DEDE) software. The DEDE API tools were used to extract ACS 2013 items and ACS 2014 items. Those data were then integrated into a metro shapefile using the CV XE GIS software. Once the 2013 and 2014 data are available, wide-ranging analytics can be performed. The map shown above is one small example.
The larger map view profile shows field values for the Houston metro. For example, the MHI2013 (median household income, 2013) for Houston is $57,366 (blue highlighted in graphic) and MHI2014 (median household income, 2014) $60,072. 2014 marks the first time that analysts are able to compare annual change in $MHI (or any other ACS item) by metro (post Census 2010).
ACS Items in Shapefile - scroll section
A few selected ACS summary file items were extracted. A partial list of items is shown below.
Support Using these Resources
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ProximityOne develops geographic-demographic-economic data and analytical tools and helps organizations knit together and use diverse data in a decision-making and analytical framework. We develop custom demographic/economic estimates and projections, develop geographic and geocoded address files, and assist with impact and geospatial analyses. Wide-ranging organizations use our tools (software, data, methodologies) to analyze their own data integrated with other data. Follow ProximityOne on Twitter at www.twitter.com/proximityone. Contact ProximityOne (888-364-7656) with questions about data covered in this section or to discuss custom estimates, projections or analyses for your areas of interest.