New maps help illustrate differences in nation's property values - Hawaii News Now - KGMB and KHNL

New maps help illustrate differences in nation's property values

A new series of maps seeks to put property values in perspective, by enlarging states with higher values and shrinking states with lesser values. Image Source: Metrocosm A new series of maps seeks to put property values in perspective, by enlarging states with higher values and shrinking states with lesser values. Image Source: Metrocosm
The map's help underscore how just five states make up more than half of the nation's property values. Image Source: Metrocosm The map's help underscore how just five states make up more than half of the nation's property values. Image Source: Metrocosm

It’s a no-brainer that property values vary wildly by state.

But a new series of fascinating maps helps put those differences in perspective. One of the maps enlarges states with higher total property values while proportionally shrinking states with less property value.

The result is that some states look swollen; others look anemic. Hawaii looks, well, a little bloated.

Another map compares the total land area of each state compared to its property value.

Hawaii, for example, makes up about .29 percent of the United States in terms of land area (with 10,932 square miles), but its property value adds up to $411 billion – or about 1.2 percent of the nation's total property value.

The maps (which used figures from the Economist) were created by entrepreneur Max Galka, who runs the blog Metrocosm.

He said his aim was to show how property values are concentrated in the United States. In fact, half of the country’s total property comes from these top five states in terms of property values: California, New York, Florida, Texas and Pennsylvania.

He also directed a spotlight to property values in New York City, whose housing value makes up about 5 percent of the nation’s property values.

Get the interactive maps and more details at Galka’s blog post, here.

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