Share of searches for starter homes in the U.S. 2018

Published by Statista Research Department, Dec 19, 2022
This statistic shows the share of searches for starter homes in selected cities in the United States in the first quarter 2018. In the first quarter of 2018, starter homes made up 42.7 percent of the home searches in San Francisco, California, but only 19.8 percent in Baton Rouge, Louisiana.

Share of searches for starter homes in selected cities in the United States in Q1 2018

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Source

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Release date

May 2018

Region

United States

Survey time period

Q1 2018

Supplementary notes

The source adds the following information: "listings and searches were assigned starter, trade-up, and premium price categories based on the price cutoffs for each metro area. We define the price cutoffs of each segment based on home value estimates of the entire housing stock, not listing price. For example, we estimate the value of each single-family home and condo and divide these estimates into three groups: the lower third we classify as starter homes, the middle third as trade-up homes, and the upper third as premium homes. We classify a listing as a starter home on the market if its listing price falls below the price cutoff between starter and trade-up homes."

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