The real median home value in San Diego jumped from $249,000 to $567,000 between 2000 and 2005, the largest increase in the nation among big cities. Across the country, real median home values soared 32 percent, according to new 2005 American Community Survey data released today by the U.S. Census Bureau.
“Just about anyone who owns a home or has been in the market for one in the past few years knows first-hand how home values jumped from 2000 to 2005,” said Census Bureau Director Louis Kincannon. “This is an example of the kind of local data that policymakers can use to assess housing needs and better plan for services such as schools, roads and other community needs.”
The American Community Survey (ACS) provides timely and updated information about the nation’s changing and diverse population every year. Without the ACS, this type of information — historically gathered just once a decade — would not be available for communities until 2012.
The 2005 ACS data released today include housing characteristic information such as occupancy, units in structure, year built, rooms, occupants per room, vehicles available, house heating fuel, value, mortgage status, gross rent, selected monthly owner costs and other characteristics. Additional subjects covered in this release include means of transportation to work by workplace geography, geographic mobility by selected characteristics, characteristics of households and families, grandparents and the foreign-born population. Also surveyed are disability characteristics, work status in the past 12 months, occupancy and financial characteristics. The data are available for nearly 7,000 areas, including all congressional districts and counties, cities and American Indian/Alaska Native areas of 65,000 population or more. This survey is a first look at key housing information for many communities since Census 2000 – including 75 of the top 100 fastest growing cities.
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