Chart of the Day: Land’s Share of US Home Prices

Via Visualizing Economics, here’s a cool chart showing the percentage of a home’s value that is tied up in land (as opposed to the house itself).

Here’s the chart:


The chart’s maker, Catherine Mulbrandon, doesn’t say much about this other than to point towards the dataset, which comes from the Lincoln Institute of Land Policy. You can see a correlation between real state bubbles and the land value as a percentage. In fact, the land value chart seems to reflect real estate bubbles even more than the Price Index, and as it shows, currently the US is only 10% off its 2005-6 housing bubble peak, up 9% from the low following the real estate crash.

Naturally, the Minnesota real estate market much less “heated” than the coasts.

Bill Lindeke

About Bill Lindeke

Pronouns: he/him

Bill Lindeke has writing blogging about sidewalks and cities since 2005, ever since he read Jane Jacobs. He is a lecturer in Urban Studies at the University of Minnesota Geography Department, the Cityscape columnist at Minnpost, and has written multiple books on local urban history. He was born in Minneapolis, but has spent most of his time in St Paul. Check out Twitter @BillLindeke or on Facebook.