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This article first appeared in the PB January 2003 issue of Pro Builder.
Imputed Lot Value 2001
Place
Imputed Lot Value
San Francisco
$484,984
Boston
$413,197
N. New Jersey
$253,249
New York
$215,654
Washington, D.C.
$207,382
San Diego
$153,021
Honolulu
$144,904
Seattle
$121,309
Baltimore
$119,992
Los Angeles
$105,592
Chicago
$100,404
Raleigh-Durham, N.C.
$75,679
Fort Lauderdale, Fla.
$64,799
Minneapolis
$60,517
Miami
$59,476
Detroit
$45,153
Kansas City
$44,889
Atlanta
$30,837
Cincinnati
$29,701
Albuquerque, N.M.
$21,521

New House Price and Imputed Lot Value
Appreciation Compound Annual Growth Rates 1991 to 2001

Place
Lot Value
Home Price
Construction Costs
Boston
18.00%
11.20%
2.00%
Detroit
16.40%
5.70%
2.90%
Miami
14.00%
5.60%
2.10%
Fort Lauderdale
13.50%
5.60%
2.10%
Baltimore
12.90%
7.10%
2.30%
Minneapolis
12.10%
5.50%
2.80%
Seattle
11.80%
5.90%
2.30%
New York
11.50%
7.40%
2.80%
Albuquerque
11.00%
4.50%
2.60%
Kansas City
10.10%
5.20%
3.00%
San Diego
10.10%
5.30%
1.90%
San Francisco
9.70%
7.20%
1.90%
N. New Jersey
8.80%
7.20%
3.70%
Washington, D.C.
8.80%
6.50%
2.20%
Raleigh-Durham
8.70%
5.00%
1.90%
Atlanta
8.10%
4.60%
2.80%
Cincinnati
3.80%
3.80%
2.70%
Chicago
2.90%
3.60%
3.00%
Los Angeles
0.30%
1.40%
1.80%
Honolulu
-4.80% -
0.90%
3.50%
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