
Historically, properties in this market sell at a 18.5% discount. Today's discount is 25.1%. This market is 6.5% undervalued. Median home price is $292,300 with a rental parity value of $386,200. This market's discount is $93,900. Monthly payment affordability has been improving over the last 12 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $164/SF to $166/SF. Resale prices have been rising for 1 month(s). Over the last 12 months, resale prices rose 4.7% indicating a longer term upward price trend. Median rental rates increased $0 last month from $1,691 to $1,691. The current capitalization rate (rent/price) is 5.6%. Rents have been rising for 10 month(s). Price momentum signals rising rents over the next three…[READ MORE]