B25121. Household Income in the Past 12 Months (In 2010 Inflation-Adjusted Dollars) by Value [106] - American Community Survey 2010 (ACS10) - ACS 2010 (1-Year Estimates)

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ACS 2010 (1-Year Estimates)

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Data Source:

U.S. Census Bureau

Data set: American Community Survey 2010 (ACS10)

Table:

B25121. Household Income in the Past 12 Months (In 2010 Inflation-Adjusted Dollars) by Value [106]

Universe: Universe: Owner-occupied housing units

Table Details

B25121.

Household Income in the Past 12 Months (In 2010 Inflation-Adjusted Dollars) by Value

Universe: Universe: Owner-occupied housing units

Variable	Label
B25121001	Total
B25121002	Less than $10,000
B25121003	Value Less than $10,000
B25121004	Value $10,000 to $19,999
B25121005	Value $20,000 to $29,999
B25121006	Value $30,000 to $39,999
B25121007	Value $40,000 to $49,999
B25121008	Value $50,000 to $59,999
B25121009	Value $60,000 to $69,999
B25121010	Value $70,000 to $79,999
B25121011	Value $80,000 to $89,999
B25121012	Value $90,000 to $99,999
B25121013	Value $100,000 to $199,999
B25121014	Value $200,000 to $249,999
B25121015	Value $250,000 to $499,999
B25121016	Value $500,000 or More
B25121017	$10,000 to $19,999
B25121018	Value Less than $10,000
B25121019	Value $10,000 to $19,999
B25121020	Value $20,000 to $29,999
B25121021	Value $30,000 to $39,999
B25121022	Value $40,000 to $49,999
B25121023	Value $50,000 to $59,999
B25121024	Value $60,000 to $69,999
B25121025	Value $70,000 to $79,999
B25121026	Value $80,000 to $89,999
B25121027	Value $90,000 to $99,999
B25121028	Value $100,000 to $199,999
B25121029	Value $200,000 to $249,999
B25121030	Value $250,000 to $499,999
B25121031	Value $500,000 or More
B25121032	$20,000 to $34,999
B25121033	Value Less than $10,000
B25121034	Value $10,000 to $19,999
B25121035	Value $20,000 to $29,999
B25121036	Value $30,000 to $39,999
B25121037	Value $40,000 to $49,999
B25121038	Value $50,000 to $59,999
B25121039	Value $60,000 to $69,999
B25121040	Value $70,000 to $79,999
B25121041	Value $80,000 to $89,999
B25121042	Value $90,000 to $99,999
B25121043	Value $100,000 to $199,999
B25121044	Value $200,000 to $249,999
B25121045	Value $250,000 to $499,999
B25121046	Value $500,000 or More
B25121047	$35,000 to $49,999
B25121048	Value Less than $10,000
B25121049	Value $10,000 to $19,999
B25121050	Value $20,000 to $29,999
B25121051	Value $30,000 to $39,999
B25121052	Value $40,000 to $49,999
B25121053	Value $50,000 to $59,999
B25121054	Value $60,000 to $69,999
B25121055	Value $70,000 to $79,999
B25121056	Value $80,000 to $89,999
B25121057	Value $90,000 to $99,999
B25121058	Value $100,000 to $199,999
B25121059	Value $200,000 to $249,999
B25121060	Value $250,000 to $499,999
B25121061	Value $500,000 or More
B25121062	$50,000 to $74,999
B25121063	Value Less than $10,000
B25121064	Value $10,000 to $19,999
B25121065	Value $20,000 to $29,999
B25121066	Value $30,000 to $39,999
B25121067	Value $40,000 to $49,999
B25121068	Value $50,000 to $59,999
B25121069	Value $60,000 to $69,999
B25121070	Value $70,000 to $79,999
B25121071	Value $80,000 to $89,999
B25121072	Value $90,000 to $99,999
B25121073	Value $100,000 to $199,999
B25121074	Value $200,000 to $249,999
B25121075	Value $250,000 to $499,999
B25121076	Value $500,000 or More
B25121077	$75,000 to $99,999
B25121078	Value Less than $10,000
B25121079	Value $10,000 to $19,999
B25121080	Value $20,000 to $29,999
B25121081	Value $30,000 to $39,999
B25121082	Value $40,000 to $49,999
B25121083	Value $50,000 to $59,999
B25121084	Value $60,000 to $69,999
B25121085	Value $70,000 to $79,999
B25121086	Value $80,000 to $89,999
B25121087	Value $90,000 to $99,999
B25121088	Value $100,000 to $199,999
B25121089	Value $200,000 to $249,999
B25121090	Value $250,000 to $499,999
B25121091	Value $500,000 or More
B25121092	$100,000 or More
B25121093	Value Less than $10,000
B25121094	Value $10,000 to $19,999
B25121095	Value $20,000 to $29,999
B25121096	Value $30,000 to $39,999
B25121097	Value $40,000 to $49,999
B25121098	Value $50,000 to $59,999
B25121099	Value $60,000 to $69,999
B25121100	Value $70,000 to $79,999
B25121101	Value $80,000 to $89,999
B25121102	Value $90,000 to $99,999
B25121103	Value $100,000 to $199,999
B25121104	Value $200,000 to $249,999
B25121105	Value $250,000 to $499,999
B25121106	Value $500,000 or More

Relevant Documentation:

Excerpt from:	Social Explorer; U.S. Census Bureau; American Community Survey 2010 Summary File: Technical Documentation.
	ACS 2010-1yr Summary File: Technical Documentation -> Appendix A. Supplemental Documentation -> 2010 Subject Definitions -> Population Variables -> Income in the Past 12 Months -> Income of Households

Income of Households

This includes the income of the householder and all other individuals 15 years old and over in the household, whether they are related to the householder or not. Because many households consist of only one person, average household income is usually less than average family income. Although the household income statistics cover the past 12 months, the characteristics of individuals and the composition of households refer to the time of interview. Thus, the income of the household does not include amounts received by individuals who were members of the household during all or part of the past 12 months if these individuals no longer resided in the household at the time of interview. Similarly, income amounts reported by individuals who did not reside in the household during the past 12 months but who were members of the household at the time of interview are included. However, the composition of most households was the same during the past 12 months as at the time of interview.

Excerpt from:	Social Explorer; U.S. Census Bureau; American Community Survey 2010 Summary File: Technical Documentation.
	ACS 2010-1yr Summary File: Technical Documentation -> Appendix A. Supplemental Documentation -> 2010 Subject Definitions -> Living Quarters -> Housing Variables -> Value

Value

The data on value (also referred to as "price asked" for vacant units) were obtained from Housing Question 16 in the 2010 American Community Survey. The question was asked at housing units that were owned, being bought, vacant for sale, or sold not occupied at the time of the survey. Value is the respondent's estimate of how much the property (house and lot, mobile home and lot, or condominium unit) would sell for if it were for sale. If the house or mobile home was owned or being bought, but the land on which it sits was not, the respondent was asked to estimate the combined value of the house or mobile home and the land. For vacant units, value was the price asked for the property. Value was tabulated separately for all owner-occupied and vacant-for-sale housing units, as well as owner- occupied and vacant-for-sale mobile homes.

The value of a home provides information on neighborhood quality, housing affordability, and wealth. These data provide socioeconomic information not captured by household income and comparative information on the state of local housing markets. The data also serve to aid in the development of housing programs designed to meet the housing needs of persons at different economic levels.

Adjusting Value for Inflation

Since value collected before 2008 is the only dollar amount captured on the questionnaire in specified intervals, the category boundaries for previous years are not adjusted for inflation. In the comparison profiles, however, the median value is adjusted for inflation by multiplying a factor equal to the average annual CPI-U-RS factor for the current year, divided by the average annual CPI-U-RS factor for the earlier/earliest year.

Median and Quartile Value

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, mobile home and lot, or condominium unit) and one-half above the median. Quartiles divide the value distribution into four equal parts. Median and quartile value are computed on the basis of a standard distribution. (See the "Standard Distributions" section under "Appendix A.") Median and quartile value calculations are rounded to the nearest hundred dollars. Upper and lower quartiles can be used to note large value differences among various geographic areas. (For more information on medians and quartiles, see "Derived Measures.")

Aggregate Value

Aggregate value is calculated by adding all of the value estimates for owner occupied housing units in an area. Aggregate value is rounded to the nearest hundred dollars. (For more information on aggregates, see "Derived Measures.")

Question/Concept History

The 1996-1998 American Community Survey question provided a space for the respondent to enter a dollar amount. From 1999-2007 the question provided 19 pre-coded response categories from "Less than $10,000" to "$250,000 or more - Specify.''" Starting in 2004, value was shown for all owner-occupied housing units, unlike from1996-2003 in which value was shown only for specified owner-occupied housing units. Changes introduced in 2008 were removing the pre-coded response categories and adding a write-in box for the respondent to enter the property value amount in dollars, and revising the wording of the question to ask, "About how much do you think this house and lot, apartment, or mobile home (and lot, if owned) would sell for if it were for sale?"

Limitation of the Data

The Census Bureau tested the changes introduced to the 2008 version of the value question in the 2006 ACS Content Test. The results of this testing show that the changes may introduce an inconsistency in the data produced for this question as observed from the years 2007 to 2008, see "2006 ACS Content Test Evaluation Report Covering Property Value" at on the ACS website.

Comparability

Caution should be used when comparing American Community Survey data on value from the years 2008 and after with pre-2008 ACS data. Changes made to the value question between the 2007 and 2008 ACS involving the response option may have resulted in an inconsistency in the value distribution for some areas. In 2007 and previous years, the ACS value question included categorical response options with a write-in for values over $250,000. Beginning in 2008, the response option became solely a write-in.

Caution should also be used when comparing value data from the ACS produced in 2008 or later with Census 2000 value data. The 2008 or later ACS provides solely a write-in response option while Census 2000 collected data in categories. Additionally, Census 2000 tables on value were released for both total owner-occupied housing units and specified owner-occupied housing units, thus comparisons can be made only when comparing the same universes between the two data sets.