The local household statistics give you information on the total number of residential housing units, the homeownership rate, the median income, and percentage of the population living below poverty level in your community.
The free report also features information pertaining to residential segregation, a form of segregation that sorts population groups into various contexts and shapes the living environment at the neighborhood level. While it has traditionally been associated with racial segregation, it generally refers to any kind of sorting based on some population criteria (e.g. race, ethnicity, income). Though overt segregation is illegal in the United States, housing patterns show significant and persistent segregation for certain races and income groups.
KNOW THE NEIGHBORS BEFORE YOU MOVE IN
Household data is important information to the residents of a particular area to monitor and study the value trend of the local housing market.
Homeownership rate: the percentage of housing units occupied by an owner in a particular neighborhood.
Median household income: the midpoint of income values of all residents in a household, 15 years old and over.
Below poverty level: the percentage of households in the neighborhood that have incomes lower than $23,050 (total yearly income for a family of four).
Median housing value: the midpoint of the values of all homes in the same zip code as the subject property.