All data are 2020 Census Tract (neighborhood) level five-year estimates from the U.S. Census Bureau American Community Survey from 2017 to 2021. Median household income earned in the past 12 months. Includes wage or salary income; net self-employment income; interest, dividends, or net rental or royalty income or income from estates and trusts; Social Security or Railroad Retirement income; Supplemental Security Income (SSI); public assistance or welfare payments; retirement, survivor, or disability pensions; and all other income. Median home value (an estimate of how much the property would sell for if it were for sale) for properties owned, being bought, vacant for sale, or sold but not occupied at the time of the survey. Data are based on values reported by property owners. Median real estate taxes (due to all taxing jurisdictions) for owner-occupied properties are based on taxes reported by homeowners to the Census Bureau in the American Community Survey from 2017 to 2021.

This layer was developed for public use of the most current median household income, median home value and median owner-occupied residential real estate taxes compiled by the US Census Bureau from the 2017 to 2021 American Community Survey at the Census Tract (neighborhood) level.

All data are 2020 Census Tract (neighborhood) level five-year estimates from the U.S. Census Bureau American Community Survey from 2017 to 2021. Median household income earned in the past 12 months. Includes wage or salary income; net self-employment income; interest, dividends, or net rental or royalty income or income from estates and trusts; Social Security or Railroad Retirement income; Supplemental Security Income (SSI); public assistance or welfare payments; retirement, survivor, or disability pensions; and all other income. Median home value (an estimate of how much the property would sell for if it were for sale) for properties owned, being bought, vacant for sale, or sold but not occupied at the time of the survey. Data are based on values reported by property owners. Median real estate taxes (due to all taxing jurisdictions) for owner-occupied properties are based on taxes reported by homeowners to the Census Bureau in the American Community Survey from 2017 to 2021.

This project combines data extraction, predictive modeling, and geospatial mapping to analyze housing trends in Mercer County, New Jersey. It consists of three core components: Census Data Extraction: Gathers U.S. Census data (2012–2022) on median house value, household income, and racial demographics for all census tracts in the county. It accounts for changes in census tract boundaries between 2010 and 2020 by approximating values for newly defined tracts. House Value Prediction: Uses an LSTM model with k-fold cross-validation to forecast median house values through 2025. Multiple feature combinations and sequence lengths are tested to optimize prediction accuracy, with the final model selected based on MSE and MAE scores. Data Mapping: Visualizes historical and predicted housing data using GeoJSON files from the TIGERWeb API. It generates interactive maps showing raw values, changes over time, and percent differences, with customization options to handle outliers and improve interpretability. This modular workflow can be adapted to other regions by changing the input FIPS codes and feature selections.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting *** U.S. dollars per square foot in 2022. In 2024, the average sales price of a new home exceeded ******* U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly ** percent year-on-year, and in 2022, the increase was even higher, at close to ** percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under ***** percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

A dataset listing the richest zip codes in New Jersey per the most current US Census data, including information on rank and average income.

Eligible Neighborhood Preservation Program Census Tracts consist of Census Tracts that were eligible in the prior funding cycle (Legacy Tracts) as well as newly identified Census Tracts (New Tracts) in the 2021 funding cycle. New Tracts are located in municipalities where the following criteria are met: 1. Neighborhood decline requirement (threatened): The Census Tract is on a negative trajectory since 2010 through 2019 on an index of housing vacancies, home values, jobs, and poverty (75th Percentile on Index) OR Municipal COVID Economic Impact Score of 53.6 or higher - median for block groups (Score is an index of the post-COVID change in the unemployment rate and the business vacancy rate) AND The Census Tract has at least one block group with a Median Household Income less than State Median. 2. Viability requirement (viable): The Census Tract has at least one block group with a Median Home Value at least 50% of County Median. 3. Mixed-use requirement: The Census Tract has a Job to population ratio above the state median AND The Census Tract Has at least one block group with a mixed block share that is over twice the state median. A mixed block is a block with at least one commercial parcel and one residential or apartment parcel. 4. Walkability requirement: The Census Tract has at least one block group with a Walkability Score above the state average (Score consists of median block size, % walking to work, and population density). Legacy Tracts that established eligibility in the prior funding cycle were defined using the following criteria: (1) Municipalities must rank between the 64th and 98th percentiles on the Municipal Revitalization Index. (2) Municipalities must have at least one neighborhood (census tract) meeting the following criteria: (a) On a negative trajectory since 2010 through 2016 on an index of housing vacancies, home values, jobs, and poverty. (b) Below the state median income level. (c) Home values at least 60% of the county median. (d) Job to population ratio above the state median. (3) Municipalities must have sufficient mixed-use blocks (defined as any block with at least one residential lot and one commercial block) as measured by: State of New Jersey: Neighborhood Preservation Program Guidelines. (a) Municipality has more mixed use blocks than the State median number (33) or; (b) Municipality has at least two times the State median for mixed use blocks as a percentage of all blocks (35.4%). (4) Municipalities must have at least one “walkable” neighborhood as measured by: (a) Median block size of no more than 25% greater than the State median; (b) The percentage of employed people walking to work is more than two times the State median; (c) The jobs to population ratio is more than two times the State median or the ratio of jobs to square mile is more than 150% of the State median; (d) The population density is no less than 25% of the State median.