Micropolitan areas and housing values.(notes and issues)

Appraisal Journal, September, 2005 by Dhavale, Dawn M.; Lang, Robert E.

Abstract

Micropolitan areas (Micros) are newly defined census geography, falling between metropolitan and rural in terms of their urban qualities. Micros significantly redefine the American landscape, placing much more of the U.S. land area into "centered," as opposed to "non-centered." areas. This article examines the characteristics of Micros and their housing characteristics, affordability, and prices.

Key Points

* Micropolitan areas contain more than 28 million people (or one in ten Americans) and they account for over a fifth of all U.S. counties. Eastern micropolitan areas mostly lie between metropolitan areas, while Western ones may be isolated places far from big metropolitan areas.

* Micropolitan areas have slightly more...

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