How do you use a home value map?


Quick Answer

Home value maps graphically display up-to-date average listing and median sales prices for regions of the United States, and users compare prices by county, city or state, as displayed on Trulia.com. Other searchable categories include rental prices and prices per square foot.

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Full Answer

Home value maps use data from the Housing Price Index published by the Federal Housing Finance Agency every three months. Data from the S&P/Case-Shiller home-price index also contributes to the maps, with a national index, a 10-city and a 20-city composite index and a breakdown of 20 metropolitan areas forming the base for data presented. There is a two-month lag between the S&P’s quarterly report and the data’s release, notes Investopedia.

Interactive home value maps show the current prices of single-family homes and record the change in value by quarter or year. Area-specific maps show median sales prices in different counties and have options for comparing data dating back to 2000, outlines the The Washington Post.

Other home-value maps plot the most expensive areas of each state for homeowners. The data comes from the Census Bureau's American Community Survey, an annual measure taken to better understand the U.S. population, according to BusinessInsider.com. The infographic gives both the most expensive and least expensive places to live in each state.

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