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Help Researching/Comparing Housing Markets?

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Posted Aug 3 2008, 11:03

First timer, looking for a duplex in the NW. I have a program to run numbers but i have questions on as to identifying a good location. I Found a website www.homegain.com there you can look at Demographic and Housing Market Data (examples below). Is any of this information of any value? What can I use this data for? Can i use it to help with picking a good location? When comparing the data from one market to another what am I looking for? How do I translate this into something tangible so I can make a good decision?

Thank you

Demographic and Housing Market Data for Camas, WA:
Census Data Camas Clark County Washington
Population 18,334 345,195 5,790,538
Area in square miles 42 732 62,976
People per sq. mi. 439 472 92
Median Age 35 34 37
Median Family Income$67,871 $53,108 $44,655
Civilians 47% 47% 47%
Armed Forces 0% 0% 1%
Not in Labor Force 23% 24% 26%
Education Levels Camas Clark County Washington
K-12 21% 25% 25%
High School Diploma 16% 17% 16%
College Graduate 11% 9% 12%
Post Graduate 6% 4% 5%
Real Estate Market Data
Camas Clark County Washington
Total Housing Units 4,620 72,081 1,133,691
Average Home Price $265,194 $203,225 $227,377
Median Rental Price $589 $618 $467
Owner Occupied 77% 64% 60%
Rental Units 18% 31% 33%
Vacant Units 5% 5% 7%
HomeGain Agents 73

Demographic and Housing Market Data for Gresham, OR:
Census Data Gresham Multnomah County Oregon
Population 66,795 95,870 2,426,091
Area in square miles 34 212 93,042
People per sq. mi. 1,981 452 26
Median Age 34 33 40
Median Family Income$56,263 $55,067 $41,205
Civilians 50% 51% 46%
Armed Forces 0% 0% 0%
Not in Labor Force 23% 22% 28%
Education Levels Gresham Multnomah County Oregon
K-12 25% 25% 28%
High School Diploma 17% 17% 18%
College Graduate 9% 9% 10%
Post Graduate 3% 3% 4%
Real Estate Market Data
Gresham Multnomah County Oregon
Total Housing Units 13,273 18,781 446,281
Average Home Price $207,912 $206,350 $190,774
Median Rental Price $625 $625 $444
Owner Occupied 57% 61% 61%
Rental Units 38% 34% 30%
Vacant Units 5% 5% 9%
HomeGain Agents 89[/img]

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