Historically, properties in this market sell at a 25.7% discount. Today's discount is 33.8%. This market is 8.1% undervalued. Median home price is $256,200 with a rental parity value of $386,000. This market's discount is $129,800. Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $169/SF to $171/SF. Resale prices have been rising for 2 month(s). Over the last 12 months, resale prices rose 24.2% indicating a longer term upward price trend. Median rental rates increased $20 last month from $1,752 to $1,772. The current capitalization rate (rent/price) is 6.6%. Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three…[READ MORE]