Median value of owner occupied housing is the respondent's estimate of how much the property (house and lot) would sell for if it were for sale. This tabulation includes the value of all owner-occupied housing units and vacant-for-sale housing units.
The median divides the value distribution into two equal parts: one-half of the cases falling below the median value of the property (house and lot) and one-half above the median. Median value calculations are rounded to the nearest hundred dollars.
Median value for owner occupied housing measures the property values of a community. Higher property values may indicate better social, economic, and physical environments, and reflect the overall wealth of a community. Wealthier neighborhoods have access to many resources that help protect and sustain individual and group health: safe streets, well-maintained public spaces, good schools, libraries and other amenities, community programs, clean air, and good access to jobs and healthy food options1. Poorer neighborhoods have weaker tax bases to support high-quality public schools and community programs for children, which influence health in multiple ways2.
1 California Newsreel, Nationality Minority Consortia, Joint Center Health Policy Institute. Unnatural Causes: Is Inequality Making Us Sick? http://www.unnaturalcauses.org/resources.php?topic_id=6
2 Robert Wood Johnson Foundation Commission to Build a Healthier America. http://www.commissiononhealth.org/Community.aspx