Historically, properties in this market sell at a 18.5% discount. Today’s discount is 21.9%. This market is 3.3% undervalued.

Median home price is $307,000 with a rental parity value of $395,000. This market’s discount is $88,000.

Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability.

Resale prices on a $/SF basis increased from $171/SF to $172/SF. Resale prices have been rising for 6 month(s).

Over the last 12 months, resale prices rose 3.5% indicating a longer term upward price trend.

Median rental rates increased $16 last month from $1,758 to $1,775. The current capitalization rate (rent/price) is 5.6%.

Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.

Market rating = 8

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