Median Home Price

This represents the median price of homes sold in this city or zip code. The median home price represents the middle price when all the home sales are arranged from lowest to highest price. In other words, one half of all homes in the market were sold at a price above the median home price, while the other half were sold below that price. It's important to note that the median home price is not the same as the average price of all homes sold in the area. In general, the median is a better indicator than the average because it is not changed as much by extremely high or low values.

Source: Sperling's BestPlaces, December 2007

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