Category Archives: Housing Market

Low & Moderate Income Census Tracts; 2017 Update

..  data and tools to analyze characteristics and patterns of census tract geography with a focus on low and moderate income.   See related Web page for more detail.

Of the total 75,883 census tracts for which low and moderate income data were tabulated in the HMDA 2017 data, 6,023 (8.7%) were low income, 16,873 (24.5%) were moderate income, 32,509 (47.1%) were middle income and 19,159 (27.8%) were upper income. See more about these classifications. Find out about your tracts/neighborhoods of interest and how they compare to others using data and tools provided in this section.

Analysis of the low, moderate, middle, and upper income of the population and households by small area geography is important to housing market stakeholders, lenders, investors, cities/neighborhoods and others. Low and moderate income data by block group and census tract are used for compliance, eligibility determination and program performance in many Federal programs and agencies.

• Use the interactive table below to view, query, compare, sort census tracts.
• Use tract estimates & projections to examine changing characteristics.
– extended demographic-economic measures, annual 2010-2022

Low & Moderate Income by Census Tract
The following view shows census tracts designated as low and moderate income (orange fill pattern) in the the Houston, TX MSA (bold brown boundary) area. These are tracts having income level with codes 1 and 2 in the interactive table. A wide range of market insights can be created zoom-in views for counties, cities and neighborhoods and linking these with other data. Make variations of this view using ProximityOne data and tools described in this section.

– View developed using CV XE GIS and related GIS project.

View similar maps for these areas:
.. Atlanta metro
.. Chicago, IL metro
.. Dallas, TX metro
.. Knoxville, TN metro
.. with drill-down views for Knoxville city
.. Los Angeles, CA metro
.. San Francisco, CA metro

Using the Interactive Table
  – Examining LMI Tracts in Your Metro

Use the interactive table to view, query, sort compare tracts based on various demographic and LMI characteristitcs. The following graphic illustrates how the table can be used to view low and moderate income tracts for the Charlotte, NC-SC metro.
– click ShowAll button below table.
– enter a CBSA code in the edit box at right of Find CBSA LMI>.
– click the Find CBSA LMI button.
Resulting display of Charlotte metro LMI tracts only.

– click graphic for larger view.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

TractWatch — Examining Small Area Change

Understanding the demographic-economic landscape for small area geography and how it is changing is vital for many stakeholders. Businesses and other organizations need to know how their market/service areas are changing … getting answers to questions like knowing about recent trends, where we are now and the how/where/how much things might change in the future.

Examining Tract Change
The following view shows census tracts (black boundary) located in the northeast Houston, TX area. Tracts are labeled with 2017 population estimates and percent population change from 2010 to 2017. Tract geography and characteristics are shown in context of three cities/places — Houston (orange cross-hatch), Humble (blue) and Atascocita CDP (green). It is easy to see what census tracts intersect with what cities and where. The pointer/hand is located in census tract 48-201-240902, partly intersecting with Humble city. The tract 2017 population of 12,984 reflects an increase of 10.4% since 2010. The dark brown bold boundary at the top of this tract is the Harris County, TX boundary.

.. view developed with ProximityOne CV XE GIS and related GIS project.
.. create views like this for any area in the U.S.; add your own data.

TractWatch tells us which tracts in a region of interest changed during the past year based on quarterly observable data with only a one quarter lag.

Census Tracts & TractWatch
TractWatch is a new tool/service focused on examining recent demographic-business change for each census tract. These approximate 74,000 geographic areas cover the U.S. wall-to-wall and averaged 4,000 population as of Census 2010. Tracts have a generally stable geography between decennial censuses and are coterminous with county boundaries. Tracts cover the U.S. with more than a 2-to-1 ratio compared to ZIP code areas (see tract-ZIP relationship table).

Integrated with Situation & Outlook
TractWatch insights are developed through the use of the ProximityOne Situation & Outlook (S&O) database and information system — a part of S&O demographic-economic estimates and projections developed and updated annually. The 2017 vintage tract estimates and projections (annual data) cover the period 2010 through 2022 (5-year projection).

TractWatch – Monitoring Change
As a part of the S&O annual estimates and projections development, a range of measures are updated quarterly at the census tract level. Quarterly data are developed that include population, housing units, vacant units, households and business establishments.

There is only a one-quarter lag in the availability of observable census tract data. For example, observable 2017Q1 data can be added to the S&O database in July 2017. Data are analyzed and converted into a TractWatch national dataset.

Situation & Outlook Reports
The Situation & Outlook Reports (S&O Reports) are updated weekly, for the U.S. and each county, metro and state. TractWatch is a part of the “Recent Change and Outlook” S&O Report section and updated quarterly. See schedule of updates the shows when TractWatch is updated.

The S&O Reports (metro and county) Recent Change and Outlook section includes a list of census tracts which have shown significant change over the past year for that geography. A table of typically 10-to-25 key tracts are listed in a table with selected demographic-business change attributes.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Analyzing Block Group Demographics

.. tools & data to analyze sub-census tract households, education, income, housing, more … Block Groups, subdivisions of census tracts, are the smallest geographic areas for which “richer demographics” are developed by the Census Bureau. Block group demographic-economic estimates, based on Census 2010 geography, are annually updated beginning with American Community Survey (ACS) 2010. The latest ACS estimates for these 217,740 areas covering U.S. wall-to-wall are from ACS 2015. The ACS 2016 update will be released in December 2017.  See the related Web section for more detail about accessing and using block group geography and demographic-economic data.

Patterns of Economic Prosperity by Block Group
The following graphic shows patterns of median household income by block group in the Houston, TX area. Markers show block groups with 10 or more housing units having value of $2 million or more. Markers are labeled with the number of housing units having value of $2 million or more in that block group. Click graphic for larger view, more detail and legend color/data intervals. This map illustrates the geographic level of detail available using block group demographics and the relative ease to gain insights using geospatial data analytics tools.

– View developed using CV XE GIS and related GIS project.

Block Group Demographic-Economic Data & Shapefiles
… selection of key demographic-economic attributes; annual update
… subject matter categories include:
  • Total population>
  • Population by gender iterated by age
  • Population by race/origin
  • Households by type of household
  • Educational attainment by detailed category
  • Household Income by detailed category
  • Housing units by owner/renter occupancy
  • Housing units by units in structure
  • Housing units by detailed value intervals

See the related Web section for a detailed list of items.

Use these Data on Your Computer
Use the above U.S. national scope dataset with your own software or in ready-to-use GIS projects with the CV XE GIS software.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Tools to Analyze County Demographic-Economic Characteristics

.. demographic-economic characteristics of counties are essential for business development, market analysis, planning, economic development, program management and general awareness of patterns and trends. This section provides access to data and tools to examine these data for all counties in the U.S. This annual update includes geographic area characteristics based on ACS 2015 data.  The tools/data are organized into four related sections summarized below.

1. General Demographics
View interactive table at http://proximityone.com/us155dp1.htm
Patterns of School Age Population by County
Use GIS tools to visually examine county general demographics as illustrated below. The following view shows patterns of percent population ages 5 to 17 years of age by county — item D001-D004-D018 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

2. Social Characteristics
View interactive table at http://proximityone.com/us155dp2.htm 
Patterns of Educational Attainment by County
– percent college graduate
Use GIS tools to visually examine county social characteristics as illustrated below. The following view shows patterns of percent college graduate by county — item S067 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

3. Economic Characteristics
View interactive table at http://proximityone.com/us155dp3.htm 
Patterns of Median Household Income by County
Use GIS tools to visually examine county economic characteristics as illustrated below. The following view shows patterns median household income by county — item E062 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

4. Housing Characteristics
View interactive table at http://proximityone.com/us155dp4.htm 
Patterns of Median Housing Value by County
Use GIS tools to visually examine county housing characteristics as illustrated below. The following view shows patterns median housing value by county — item E062 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

America’s Cities: Demographic-Economic Characteristics Annual Update

.. tools and data to interactively examine demographic-economic characteristics of America’s 29,321 cities/places .. understanding demographic-economic characteristics of cities and places is essential for business development, market analysis, planning, economic development, program management and general awareness of patterns and trends. This section provides access to data and tools to examine characteristics of all cities/places in the U.S. This annual update includes data for 29,321 cities/places based on ACS 2015 data.

Accessing the Data; Using Interactive Tables
Each of the four links below opens a new page providing access to U.S. by city/place interactive tables — by type of subject matter. Use tools and usage notes below table to select operations to perform queries, sort and select columns.
General Demographics
Social Characteristics
Economic Characteristics
Housing Characteristics

How the the Tables/Data Can be Used
The following table shows data derived from the Economic Characteristics table. The top 10 cities/places having the highest median household income ($MHI) are shown. The table also shows population, median family income ($MFI) and per capita income ($PCI). The $250,000 value is a cap; the actual value is $250,000 or higher. Use the interactive tables to create similar views for states of interest. Use the button below the table to select/view cities within a selected metro. Compare attributes of cities of interest to a peer group based on population size.

Visual Analysis of City/Place Population Patterns
Use GIS resources to visually examine city/place demographic-economic patterns. The following view shows patterns of population percent change by city in the Charlotte, NC-SC metro area.

… view developed using the CV XE GIS software.
… click map for larger view and details.

Related Data
Cities/Places Main Section
Citie Population Estimates & Trends, 2010-15

More About Using These Data
Using ACS 1-year and 5-year data

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Housing Value Appreciation by 3-Digit ZIP Code: 2015Q3-2016Q3

.. tools, data and methods to examine housing value appreciation from 2015Q3 to 2016Q3 by 3-digit ZIP code based on the Housing Price Index (HPI).  How is the housing value changing in areas of interest?  How does housing value appreciation compare among a set of ZIP codes? Which ZIP code areas have the highest and lowest housing value appreciation in a state, region custom defined areas of interest? The HPI is calculated in part using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages. The U.S. all transactions HPI rose 5.6 percent from the 3rd quarter of 2015 to the 3rd quarter of 2016. Rank, compare, evaluate quarterly or annual housing value change for the approximate 900 3-digit ZIP code areas using the interactive table.

3-Digit ZIP Codes with Highest Housing Value Appreciation
Derived from the interactive table below this table shows the ten 3-digit ZIP codes having the highest housing value appreciation over the year 2015Q3-2016Q3. The areas are ranked on percent HPI change (rightmost column).

Gaining Insights in Housing Prices, Conditions & Markets
.. data, tools and methods to assess characteristics, patterns & trends
.. weekly Housing Data Analytics Lab sessions

Patterns of Housing Value Change by 3-Digit ZIP Code
The following graphic shows housing value appreciation 2015Q3-2016Q3 by 3-digit ZIP code based on the HPI. Use related GIS tools to zoom-in, assign labels, show in context with other geography.

– view developed using CVGIS and related GIS project.
– Click graphic for larger view and details;

Examining Housing Appreciation by 3-Digit ZIP Code
Use the interactive table below to view/rank/compare the non-seasonally adjusted “all transactions” HPI for the most recent 5 quarters for all 3-digit ZIP codes. The ranking table shows the latest quarterly HPI data and preceding quarters for one year earlier. This table will be updated on February 24, 2017, with 4th quarter 2016 data and related prior quarterly estimates and re-computed quarterly change values (last column).

Using the Interactive Table
The following graphic illustrates use of the HPI by 3-digit ZIP code interactive table. HPI data are shown for the quarterly period 2015Q3 through 2016Q3. The state selection below the table has been used to select only California ZIP codes. The Group1 button below the table has been used to select ZIP codes with a 2016Q3 HPI value of 175 ore more. The table is then sorted on the rightmost column. The resulting view shows that among all California 3-digit ZIPs having an HPI of 175 or more in 2016Q3, ZIP code 948/Richmond CA had the highest housing value appreciation — a 10.6% increase over the year.

Use the interactive table to examine states or ZIP code groups of interest.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Housing Price Index by 5-Digit ZIP Code

.. tools to examine housing prices by 5-digit ZIP code and how they are changing .. of the 17,931 5-digit ZIP codes tabulated, 8,074 experienced a decrease in housing value during the period 2010 to 2015. At the same time, 8,672 ZIP code areas experienced an increase in housing value. Housing prices increased for most ZIP codes from 2014 to 2014.  Find out more about housing prices and trends for ZIP codes of interest using tools described here. These data are based on experimental estimates of the Housing Price Index (HPI) by 5-digit ZIP code based in part on home sales price data from Fannie Mae- and Freddie Mac-acquired mortgages. See more about these data.

• Use the interactive table to view, rank, compare the HPI for all 5-digit ZIP code areas tabulated.
• Use GIS tools described here to develop thematic pattern maps; add your own data & geography, select different HPI measures or criteria; zoom to different geographic extents, label and modify colors as desired.

Gaining Insights in Housing Prices, Conditions & Markets
  .. Characteristics, Patterns & Trends
  .. join in .. one hour web session — overview & connectivity details

Patterns of Housing Value Change by ZIP Code: 2010-15
The following graphic shows patterns of housing value appreciation by ZIP Code: 2010-15 for the Houston metro (bold brown boundary). The color patterns/intervals are shown in the inset legend. Data are not available, using the criteria applied (2000 base year), for areas not colored In the larger view (click graphic), ZIP codes are labeled with HPI percent change from 2010 to 2015. Click graphic for larger view. Expand browser to full window for best quality view. Use the GIS tools described here to develop thematic pattern maps for a range of data and criteria.

.. view developed using the CV XE GIS software.
.. click map for larger view and details.

Additional views:
Atlanta area
New York City area
Washington, DC area
Los Angeles area

Examining Recent Trends; Current Estimates & Projections
The interactive table presents annual HPI data 2010 through 2015. A much larger set of these ZIP codes show a negative change between 2010 and 2015 compared to the one year change 2014-2015; The data generally show more ZIP codes experiencing housing value appreciation 2014-2015 compared to the longer period 2010 to 2015. These trends underscore the importance of having more recent data for use in analysis, planning and decision-making. The next update based on transaction data will be May 2017 or later.

ProximityOne uses the HPI transaction data with other data to develop HPI current estimates (2016) and annual projections to 2021 with quarterly updates as a part of the Regional Demographic-Economic Modeling System (RDEMS). Experimental county-up (metro, state, U.S.) and sub-county estimates and projections are planned for the fall 2016 quarterly update. The model based estimates and projections include the number of units by type and value that are added to the housing stock used to compute a variation of the HPI.

Housing Price Index by 5-Digit ZIP Code: 2010-2015
  — Interactive Table
Use the interactive table to examine the Housing Price Index (HPI) by 5-digit ZIP code. The following graphic illustrates use of the table to show the 10 ZIP codes experiencing the largest percentage increase in the HPI from 2014 to 2015. Click graphic for larger view. Examine cities or ZIP code ranges of interest using tools below the table.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.