property value
Home's market worth
Property value is what real estate is worth—a house, land, or building measured in monetary terms.
The phrase appears constantly in discussions of homeownership, taxation, and neighborhood change: Property values in the area have doubled since the new school opened.
Assessors determine property values for tax purposes, while market property values reflect what buyers will actually pay.
- curb appealProperty's visual attractiveness outside
- move-in readyPrepared for immediate occupancy
- square footageInterior area measurement
- appraisalEstimation of worth
- amenitiesDesirable features of place
open house · real estate agent · market demand · crime rates · flood zone · zoning laws · building codes · deed restrictions · equity · comparable sales · eminent domain · energy efficiency · tax incentives · neighborhood watch · interest rates · housing supply · demographic shifts · easements
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- Wealth Measuresnet worth, assets, income, savings, investments
- property taxreal estate tax, tax bill, tax assessment, tax assessor, tax levy
- housing marketstarter home, first home, fixer-upper, condo, flat
- building loansmortgage, home loan, construction loan, interest rates, down payment
- long-term gainscompound interest, retirement funds, dividends, capital gains, savings growth
property valuenegative equity
Owing more than owned
blight · worthlessness · underwater mortgage · depreciation · condemnation