[quote=AN][quote=millennial][quote=AN][quote=millennial]It really could be as simple as people just making more money due to raises, inflation, or investment income.[/quote]Inflation isn’t huge over just 5 years time frame. As for the rest, does it really how more households are making their money? As long as they make more money, I think that’s all that matters.[/quote] I guess what I meant was that those are rationales for why median income in an area might have nothing to do with new affluent people moving in…and probably way more likely. Not sure what % of your zip code moves in a year, but I doubt it’s more than 3%. I[/quote]Off the cuff calculation, ~11% of household changed hands over 5 years give or take a few %. Which is a little less than 3%/year.

I never said median income have anything to do with more affluent people moving in. However, data showing more affluent families increasing while less affluent families decreasing in # does say exactly that.[/quote]

If that 11% is correct then it probably means exactly that. Still not sure how it relates to higher property values. I think it may also have to do with older people moving out and younger families moving in