Historically, properties in this market sell at a 25.7% discount. Today’s discount is 35.3%. This market is 9.7% undervalued.

Median home price is $263,500 with a rental parity value of $407,700. This market’s discount is $144,200.

Monthly payment affordability has been improving over the last 8 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $172/SF to $173/SF. Resale prices have been rising for 2 month(s).

Over the last 12 months, resale prices rose 4.4% indicating a longer term upward price trend.

Median rental rates increased $11 last month from $1,752 to $1,764. The current capitalization rate (rent/price) is 6.4%.

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

Market rating = 9

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