Median1 2


Definition of "Median"

Statistical term indicating the central value of a frequency distribution, such that smaller and greater values than this central value occur at an equal rate. For example, given the numbers 1,7,10,12,14, 17, 19, 20, and 22, the median is 14.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Home Affordability Index

Measure of the typical U.S. family's ability to buy a home, published by the National Association of Realtors. When the Index measures 100, a family e ...

Median New Second-home Price

Medium price for a new second home. Medium is the middle value between the lowest and highest figures. ...

Median

The midpoint in a range of numbers. For example, the median (middle value) of a house in Nassau County on Long island in New York is $150,000. By usin ...

Conservator

Court-appointed or commissioner of insurance-appointed custodian to manage the affairs of an insurance company whose management is deemed unable to ma ...

In-patient

Resident patient of a medical installation. Previously, health insurance benefits were limited to in-patient care. Today health insurance policies pro ...

Direct Placement

Security sold by the issuer of the security directly to the purchasing financial institution without the inclusion of the investment banker in this pr ...

Popular Real Estate FAQ

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Is a Home Equity Loan Right For Me? Seller’s Agent vs. Buyer’s Agent: the age-old question Real Estate Agents Specialized in Homes for the Disabled: a Real Estate Niche Why Right Now is a Good Time for Millennials to Buy a Home What is Escrow and how does it Work?

FAQ

What is a deed? What is a second mortgage? What is a broker? What is a default? What is a balloon mortgage?