General
Look To Lower Quartile Housing Values To Find More Affordable Housing Opportunities
While the median property value provides a useful reference point for the ‘typical’ home value in an area, buyers on a tight budget might find it more practical to narrow down their property search by examining lower quartile values. It’s important to remember the median represents the middle point of the market; half the properties in a region will have a value that is lower than the median and half will have a value higher than the median. The lower quartile (or the most affordable…
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