MEDIAN HOME VALUE definition
MEDIAN HOME VALUE. (MHV) means that one half of all homes were worth more and one-half were worth less. The midway point of all the houses/units sold at market price (or sold amount) over a set period (monthly, yearly, quarterly, etc.). (See US Census Reports).
MEDIAN HOME VALUE means the respective median residential property value as certified in the 2018 sexennial reappraisal, as may be revised in the 2021 triennial update.