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The US Census, since 1940, has asked home owners to estimate the value of their homes. The home-owners' estimates reflect an appreciation of 2% per year in real terms, which is significantly more than the 0.7% actual increase over the same interval as reflected in Case-Shiller index.
2034 projected home value: $460,820. The ZIP code of 72762 in Springdale, Arkansas currently has homes valued under the U.S. median, and its one year growth rate is only 2.6%.
ZCTAs or ZIP Code Tabulation Areas are the census equivalent of ZIP codes used for statistical purposes. The reason why regular ZIP codes are not used is because they are defined by routes rather than geographic boundaries. Thus, they have the tendency to overlap and otherwise create difficulties.
How much are Wichita-area homes worth? See the latest from local realtors and Zillow.
For example, in valuing the projected sale price of an apartment building that produced a net operating income of $10,000 last year, if we set a projected capitalization rate at 7%, then the asset value (or the price paid to own it) is $142,857 (= $10,000 /.07 ).
The interactive map below shows the home value change for nearly every ZIP code in the Sacramento region since the start of 2022. The data, courtesy of Zillow, shows the change in value for all ...
When that capacity is reached, a new area code must be created. Assigning a new area code is possible by two principal methods. A numbering plan area may be geographically divided, a process called area code split, or an additional area code may be assigned to an existing numbering plan area, a procedure that results in an overlay numbering ...