Median housing cost
Based on selected monthly owner costs. Selected monthly costs are the total of payments for mortgages, deeds of trust, contracts to purchase or similar debts on the property; real estate taxes; fire, hazard and flood insurance on the property; utilities and fuels; and condominium fees or mobile home costs where appropriate. The median divides the selected monthly costs distribution into two equal parts; one half of the cases falling below the median selected monthly costs and one half above the median.
Last updated Sep. 27, 2011