Change in Non-Residential Market Value in Disinvested and Economically Disconnected Areas Since 2010
This kindred indicator measures percent change in aggregate non-residential market value in economically disconnected and disinvested areas (EDAs) versus the remaining parts of the region since 2010. Non-residential land uses include: commercial, industrial, institutional, mixed use, and vacant. ON TO 2050 highlights reinvestment in disinvested areas—such as building on existing community assets, identifying unique and regulatory tax solutions to persistent vacancy and abandonment, and building municipal and private sector capacity—as a key strategy for improving outcomes and revitalizing communities.
| Header | Definition |
|---|---|
YEAR |
Year of observation |
NONRES_VAL_EDA |
Total market value of non-residential parcels within EDAs, in nominal dollars |
NONRES_VAL_NOT_EDA |
Total market value of non-residential parcels not within EDAs, in nominal dollars |
NONRES_VAL_ALL |
Total market value of all non-residential parcels in the CMAP region, in nominal dollars |
PCT_CHG_NONRES_VAL_EDA |
Percentage change in market value for non-residential parcels within EDAs since 2010 |
PCT_CHG_NONRES_VAL_NOT_EDA |
Percentage change in market value for non-residential parcels not within EDAs since 2010 |
PCT_CHG_NONRES_VAL_ALL |
Percentage change in market value for all non-residential parcels in the CMAP region since 2010 |
ACTUAL_OR_TARGET |
Actual if the record is from observed data; Target if it is an ON TO 2050 target |
Source: CMAP analysis of county assessor data
Geography: Seven-county CMAP region (divided into EDAs vs. the rest of the region)