Submitted by irishgirl249 t3_zzlx2v in personalfinance
Otherwise-Way-1176 t1_j2f3242 wrote
Reply to comment by Loutro-Fift in Can I afford $2800 rent based on my financial situation by irishgirl249
The US housing market is a heterogeneous data set for which a single statistic is a completely inadequate metric. At a minimum you need to include acknowledgment that 50% of homes sold for less than the median. But really you need to break it down by region and look at both median and standard deviation within each region.
Put another way, median is not synonymous with floor.
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