Historically, properties in this market sell at a 25.7% discount. Today’s discount is 33.2%. This market is 7.5% undervalued.

Median home price is $278,600 with a rental parity value of $416,100. This market’s discount is $137,500.

Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability.

Resale prices on a $/SF basis increased from $179/SF to $181/SF. Resale prices have been rising for 6 month(s).

Over the last 12 months, resale prices rose 6.8% indicating a longer term upward price trend.

Median rental rates increased $25 last month from $1,845 to $1,870. 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 = 8

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