Monday, October 5, 2015

Indianapolis, IN (Champ) vs. Minneapolis, MN (Challenger) - Who Wins in Housing?

(Click on either image to enlarge)

Answer - Indianapolis, IN (top table/graphic)

Statistically speaking, the median house in Indianapolis costs $151,000, as compared to $218,000 in Minneapolis, MN.

Also, ASP/SF* for Indianapolis is $92, offering significantly better purchasing power than its counterpart at $153 (other factors remaining equal).

ASP/SF* = Median (Time) Adjusted Sale Price / Median Bldg Area. 

Note - the spatial charts below the tables depict the percentile distribution of County Market Value to Adjusted Sale Price (a.k.a. Sales Ratio).

This analysis is extracted from Homequant's Town Analyst site. Try out your Town/Neighborhood. Also, find out if your Town is fairly assessed. 

It is absolutely free and requires no registration whatsoever...

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