Housing Value Explorer

Scientific documentation

Research design, traceability, and limits

This page describes the evidence already produced by the authoritative notebook and geographic SHAP workbook. The application is a presentation layer, not a second analytical pipeline.

Primary research question
How accurately can 2024 inflation-adjusted property values for owner-occupied one-family houses in five U.S. states be predicted from 2020–2023 ACS PUMS property, household, financing, utility, and State-PUMA characteristics?

Data

ACS PUMS housing microdata

California, Florida, New York, Tennessee, and Texas; 960,182 development records from 2020–2023 and 268,930 temporal-evaluation records from 2024.

The response is `VALP`, adjusted with `ADJHSG` to comparable dollar values. Housing-unit survey weights are used in relevant summaries.

Model

Leakage-safe temporal design

All model comparison and feature reduction occurs inside development data. State–PUMA uses five-fold cross-fitted target encoding. No county column or target-related field enters the predictor matrix.

The selected reduced XGBoost model uses a `log1p` target and 18 documented semantic features.

Interpretation

Survey-weighted TreeSHAP

Exact TreeSHAP values are calculated for all eligible 2024 records, then aggregated with housing-unit weights. Mean absolute SHAP measures contribution strength; mean signed SHAP measures average direction from the model baseline.

SHAP units are log1p property-value units, not direct dollars.

Reproducible workflow

From scientific source to public explorer

  1. 01Develop

    2020–2023 common folds and candidate-model comparison.

  2. 02Select

    Reduced XGBoost chosen by development MAE.

  3. 03Evaluate

    2024 opened once for temporal performance.

  4. 04Explain

    TreeSHAP for 268,930 2024 records.

  5. 05Aggregate

    Survey-weighted state, PUMA, and approximate-county summaries.

Selected inputs

Feature categories

Property

Bedrooms · Other rooms · Lot size · Year built · Structure type · Heating fuel

Survey

Survey year

Household

Household income · Household size · Year moved in · Household type

Financial

First mortgage payment · Condo or HOA fee

Utilities

Electricity cost · Gas cost · Other fuel cost · Water and sewer cost

Geography

State–PUMA

Claim boundaries

What the study can—and cannot—say

Predictive, not causal

TreeSHAP decomposes model predictions. It does not estimate what would happen if a feature were changed.

Survey-reported response

VALP is a respondent estimate that can be rounded, allocated, and state-specific top-coded; it is not an appraisal.

Geographic precision

State and PUMA are observed. County labels are descriptive assignments from dominant PUMA–county overlap after modeling.

Survey uncertainty

Housing-unit weights support aggregation, while the record bootstrap is a stability check—not an ACS SDR margin of error.

Scope

The results cover five states and short-horizon temporal generalization to 2024, not every U.S. housing market.

Ordinal fields

Year-built, year-moved, and lot-size values are ordered ACS categories, not equally spaced measurements.

Traceability

Every rendered result points back to the completed analysis.

The deterministic exporter parses the geographic workbook programmatically, normalizes notebook-produced CSVs, validates geography and feature consistency, and records SHA-256 source hashes.

Open source manifest