Definition of "Metropolitan area"

Annette Fields real estate agent

Written by

Annette Fieldselite badge icon

Crown Executive Realty

Urbanized area in and around a major city. The metropolitan area may overlap county and state boundaries and may encompass a city, its suburbs, and the orbit of its social and economic influence. For example, the New York metropolitan area is the largest overlapping portion of the states of New Jersey and Connecticut as well as numerous counties and has more than 18 million people. The New York metropolitan area is followed in size by Los Angeles, Chicago, San Francisco, and Philadelphia.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Room in a building used to collect solar heat. To provide for such collection, a room is generally constructed with a glass roof and walls. ...

Raising money by mortgages and borrowing the money directly from financial institutions. The presence of debt financing provides financial leverage, which tends to magnify the effects of ...

The person giving property or establishing a trust. ...

Slang reference for a preliminary prospectus that outlines the important aspects of a new issue securities for a real estate company, partnership, or investment trust. This prospectus ...

Amount subject to depreciation, which equals the initial cost less the estimated salvage value. ...

A court order issued to a defendant in an action either prohibiting or commanding the performance of a defined act. A violation of an injunction could lead to a contempt of court citation. ...

Money set aside for a possible loss, such as from a fire. ...

The definition for the gross living area published by the Appraisal Institute’s Dictionary of Real Estate 4th Edition is: “The total area of finished, above-grade residential ...

Large, high-volume food store where customers serve themselves by going through the aisles and selecting their groceries to be paid at the cash register on the way out. ...

Popular Real Estate Questions