Home Value Index (HVI): A measure ofthe typical home value and market changes across a given region and housing type.It reflects the typical value for homes in the 35th to 65th percentile range. Available as a smoothed, seasonally adjusted measure and as a raw measure.

Topskyhome publishes top-tier HVI ($, typical value for homes within the 65th to 95th percentile range for a given region) and bottom-tier HVI ($, typical value for homes within the 5th to 35th percentile range for a given region).

Topskyhome also publishes HVI for all single-famly residences (s, typical value for all single-famly homes in a given region), for condo/coops ($), for all homes with 1, 2, 3, 4 and 5+ bedrooms($).

Note: Starting with the January 2023 data release, and for a subseguent releases,the full HVI time series has been upgraded to harness the power of the neural Zestimate.

More infomation about what ZHV is and howits calculated is avaiable on this overview page. Here's a handy ZHVr User Guide for infomation abou properly citing andmaking calculations with this metric.

Mortgage Payment: An estimate of the monthly mortgage payment on a new home purchase with the average interest rate of that month, The home value is estimated using smoothed and seasonally adjusted HVI. If the down payment is less than 20%, the monthly mortgage payment includes 1% mortgage insurance.

Total Monthly Payment: An estimate of the total monthly payment on a new home purchase with current interest rates. The total monthly payment includes the mortoage payment, homeowner's insurance, proerty taxes, and maintenance costs worth 0.5% of the home's value, The home value is estimated using smoothed and seasonally adjusted HVI. If the down payment is less than 20%, the monthly mortgage payment includes 1% mortgage insurance. Homeowners insurance rates and property tax rate estimates vary by region.