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Change in Average Lot Size over Time By Su Leone November 19, 2013
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The Question Has average lot size decreased over time in Neuse Township?
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The Process Wake County GIS web site ArcMap 10.1 Microsoft Excel 2013
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The Data - Centricity Year Built Homes Built Median Lot Size (sq.ft.) 19621723,975 197243215,651 198210718,986 19923059,948 20027446,584 20121695,169 The average lot size in each sample year
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Standard Deviation
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The Data - Spread Year Built Homes Built Median Lot Size (sq.ft.) Standard Deviation (sq.ft.) Ratio of sigma to mean 19621723,97511,851.44 197243115,65110,789.59 19827018,98618,700.95 19922389,9487,905.73 20025346,5844,636.67 20121005,1695,402.81 The smaller the sigma-to-mean ratio, the more similar the lot sizes were.
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The Data - Spread In the boom years, home lots were more alike in size.
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The Answer Year Built Homes Built Median Lot Size (sq.ft.) Acres Developed 19621723,975 10.42 197243115,651 180.09 19827018,986 48.36 19922389,948 76.29 20025346,584 117.84 20121005,169 25.65 While median lot size has decreased, the average lot size correlates to the number of homes built on similar total acreage, not just the year built.
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The Answer While median lot size has decreased, the average lot size correlates to the number of homes built on similar total acreage, not just the year built.
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