Comparing median houses
Auckland’s median house price is very high, but that’s partly the fault of Auckland’s median house. While waiting for my olive bread to cook, I looked at some of the most expensive cities in the US for housing, based on data from the Center for Housing Policy, and then used the real-estate site Zillow to browse for a price near the median.
What you get for the median price in these cities is smaller, and on much less land than most TradeMe listings near the Auckland median price.
San Francisco: US$585k median>
Example: 1 bedroom, 1 bathroom apartment, 56.7 square meters,
New York: US$450k median
Example: a 6-bedroom apartment in the Bronx, a 2-bedroom apartment in Harlem, a house on 200 square meters in Brooklyn.
San Jose: US$443k median
Example: 2-bedroom unit on 268 sq metres.
Cambridge, MA: US$370k median
Example: 1 bedroom condo apartment, 58 sq meters
Houses are expensive in Auckland, and that’s partly because land is expensive, but it’s also because you’re forced to buy so much land with your home, whether you want it or not.
Thomas Lumley (@tslumley) is Professor of Biostatistics at the University of Auckland. His research interests include semiparametric models, survey sampling, statistical computing, foundations of statistics, and whatever methodological problems his medical collaborators come up with. He also blogs at Biased and Inefficient See all posts by Thomas Lumley »