Household Income In The Past 12 Months (In 2018 Inflation-Adjusted Dollars) -- $400 to $499 - B25122008 - Household Income in the Past 12 Months (In 2018 Inflation-Adjusted Dollars) By Gross Rent - American Community Survey 2018 (ACS18) - Survey ACS 2018 (1-Year Estimates)

Data Dictionary:

ACS 2018 (1-Year Estimates)

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Survey: ACS 2018 (1-Year Estimates)

Data Source:

U.S. Census Bureau

Data set: American Community Survey 2018 (ACS18)

Table:

B25122. Household Income in the Past 12 Months (In 2018 Inflation-Adjusted Dollars) By Gross Rent [120]

Universe: Universe: Renter-occupied housing units

Variable Details

B25122.	Household Income in the Past 12 Months (In 2018 Inflation-Adjusted Dollars) By Gross Rent
	Universe: Universe: Renter-occupied housing units
	B25122001Universe: Renter-occupied housing units B25122002 Household Income In The Past 12 Months (In 2018 Inflation-Adjusted Dollars) -- Less Than $10,000 B25122003 Household Income In The Past 12 Months (In 2018 Inflation-Adjusted Dollars) -- With Cash Rent B25122008 Household Income In The Past 12 Months (In 2018 Inflation-Adjusted Dollars) -- $400 to $499 Percent base: Renter-Occupied Housing Units (ACS18:B25122001) Aggregation method: Addition

Relevant Documentation:

Excerpt from:	Social Explorer; U.S. Census Bureau; 2018 ACS 1-year and 2014-2018 ACS 5-year Data Releases : Technical Documentation.
	2018 ACS 1-year and 2014-2018 ACS 5-year Data Releases: Technical Documentation -> Subject Definitions -> Population Variables -> Income Type 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; 2018 ACS 1-year and 2014-2018 ACS 5-year Data Releases : Technical Documentation.
	2018 ACS 1-year and 2014-2018 ACS 5-year Data Releases: Technical Documentation -> Subject Definitions -> Housing Variables -> Value

Value

The data on value (also referred to as "price asked" for vacant units) were obtained from Housing Question 18 in the 2018 American Community Survey (ACS). The question was asked at housing units that were owned, being bought, vacant for sale, or sold but 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 (if lot owned), or condominium unit) would sell for if it were for sale. If the house 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 and the land. Owners of noncondominium multi-unit buildings who live in one of the building's units, like duplexes and small apartment buildings, should report the value of the building, the land, and any additional buildings on the same plot of land. For vacant units, value was the price asked for the property. Value was tabulated separately for all owner-occupied and vacant-for-sale and sold, not occupied housing units, as well as owner-occupied 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.

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 "Median Standard Distributions" section in 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 (Price Asked)

Aggregate value (price asked) is calculated by adding all of the value estimates for owner occupied housing units in an area (and all the prices asked for vacant-for-sale and sold, not occupied housing units in an area). Aggregate value (price asked) 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" on the ACS website (http://www.census.gov/acs).

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.