Historically, properties in this market sell at a 18.5% discount. Today’s discount is 24.1%. This market is 5.6% undervalued.

Median home price is $296,600 with a rental parity value of $385,400. This market’s discount is $88,800.

Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability.

Resale prices on a $/SF basis increased from $168/SF to $169/SF. Resale prices have been rising for 3 month(s).

Over the last 12 months, resale prices rose 3.6% indicating a longer term upward price trend.

Median rental rates increased $2 last month from $1,700 to $1,702. The current capitalization rate (rent/price) is 5.5%.

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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