Scientific Orientation Fundamental notion of the process character of reality. A process reality gives rise to a never-ending series of differences. As much or more attention is paid, therefore, to differences as to similarities.
The median home value in Petaluma, California, is $478,200. Home appreciation is 21.50% over the last year. The median age of Petaluma, California, real estate is 34 years. Renters make up 31.55% of the Petaluma, California, population. 4.64% of houses and apartments in Petaluma, California, are unoccupied (vacancy rate).
The median price of these 11 homes is $105,000. Five homes were lower priced and five homes were higher priced. The average price of these 11 homes is $498,000. That's what you get if you add up all those prices and divide by 11. What a difference! When you are looking at home prices, make sure you know whether the numbers are averages or medians. Both numbers provide good information, but they have different implications.