Even within a single city, median house values are pretty meaningless. There is no median house or neighborhood. It’s a blend of multiple neighborhoods and hous

Even within a single city, median house values are pretty meaningless. There is no median house or neighborhood. It’s a blend of multiple neighborhoods and housing inventory, just an artifact of recent sales history in an aggregate set. If you actually went shopping with the median value as your budget, you’d likely find a lot less desirable and a lot out of reach, not a lot at that budget. At least this has been the case where I’ve resided.