Detailed performance metrics for our automated valuation models in this location.
This model estimates the sale price of properties in this location based on historical data and market trends.
| Median Absolute Percentage Error (M. MAPE) | 9.1% | Half of our predictions are within this percentage of the actual value |
| Testing R² Score | 0.820 | How much of the price variation our model explains |
| Root Mean Square Error | $77797 | Average prediction error in dollars |
| Mean Absolute Error | $44088 | Average absolute difference between predicted and actual |
Percentage of predictions within various error ranges
| Within 5% | 30.2% |
| Within 10% | 53.4% |
| Within 15% | 68.8% |
| Within 20% | 78.4% |
Does the model tend to overestimate or underestimate?
| Mean Bias | -$5560 | Average prediction bias (+ means overestimate) |
| Median Bias | +$277 | Typical prediction bias |
| Over-prediction Rate | 50.3% | Percentage of predictions that are above the actual value |
| Under-prediction Rate | 49.7% | Percentage of predictions that are below actual value |
The absolute error amount at different percentiles - for example, '90th percentile: $50,000' means 90% of predictions have errors less than $50,000
| Percentile | 10th | 25th | 50th | 75th | 90th | 95th |
|---|---|---|---|---|---|---|
| Error Amount | $4518 | $11992 | $27141 | $53336 | $93812 | $134652 |
| Training Samples | 26084 |
| Testing Samples | 6522 |
| Training R² | 0.910 |
| Testing R² | 0.820 |
| Last Updated | 2025-07-03 |
| Mean Absolute Percentage Error | 14.0% | Average percentage error across all predictions |
| Forecast Standard Deviation | $77598 | Spread of prediction errors |
| Coefficient of Variation | 23.4% | Relative variability of predictions |
| 10th Percentile Error % | 1.5% | 10% of predictions have error less than this |
| 90th Percentile Error % | 30.9% | 90% of predictions have error less than this |
This model estimates the list price of properties in this location based on historical data and market trends.
| Median Absolute Percentage Error (M. MAPE) | 9.2% | Half of our predictions are within this percentage of the actual value |
| Testing R² Score | 0.810 | How much of the price variation our model explains |
| Root Mean Square Error | $90251 | Average prediction error in dollars |
| Mean Absolute Error | $46918 | Average absolute difference between predicted and actual |
Percentage of predictions within various error ranges
| Within 5% | 29.1% |
| Within 10% | 53.1% |
| Within 15% | 68.4% |
| Within 20% | 78.7% |
Does the model tend to overestimate or underestimate?
| Mean Bias | -$6319 | Average prediction bias (+ means overestimate) |
| Median Bias | +$255 | Typical prediction bias |
| Over-prediction Rate | 50.3% | Percentage of predictions that are above the actual value |
| Under-prediction Rate | 49.7% | Percentage of predictions that are below actual value |
The absolute error amount at different percentiles - for example, '90th percentile: $50,000' means 90% of predictions have errors less than $50,000
| Percentile | 10th | 25th | 50th | 75th | 90th | 95th |
|---|---|---|---|---|---|---|
| Error Amount | $4975 | $12513 | $28157 | $55474 | $94895 | $142443 |
| Training Samples | 26084 |
| Testing Samples | 6522 |
| Training R² | 0.910 |
| Testing R² | 0.810 |
| Last Updated | 2025-07-03 |
| Mean Absolute Percentage Error | 14.3% | Average percentage error across all predictions |
| Forecast Standard Deviation | $90029 | Spread of prediction errors |
| Coefficient of Variation | 26.4% | Relative variability of predictions |
| 10th Percentile Error % | 1.6% | 10% of predictions have error less than this |
| 90th Percentile Error % | 31.3% | 90% of predictions have error less than this |
This model estimates the monthly rent of properties in this location based on historical data and market trends.
| Median Absolute Percentage Error (M. MAPE) | 8.4% | Half of our predictions are within this percentage of the actual value |
| Testing R² Score | 0.460 | How much of the price variation our model explains |
| Root Mean Square Error | $488 | Average prediction error in dollars |
| Mean Absolute Error | $360 | Average absolute difference between predicted and actual |
Percentage of predictions within various error ranges
| Within 5% | 24.8% |
| Within 10% | 56.9% |
| Within 15% | 66.7% |
| Within 20% | 81.0% |
Does the model tend to overestimate or underestimate?
| Mean Bias | -$48 | Average prediction bias (+ means overestimate) |
| Median Bias | -$18 | Typical prediction bias |
| Over-prediction Rate | 47.1% | Percentage of predictions that are above the actual value |
| Under-prediction Rate | 52.9% | Percentage of predictions that are below actual value |
The absolute error amount at different percentiles - for example, '90th percentile: $50,000' means 90% of predictions have errors less than $50,000
| Percentile | 10th | 25th | 50th | 75th | 90th | 95th |
|---|---|---|---|---|---|---|
| Error Amount | $51 | $135 | $252 | $511 | $887 | $1021 |
| Training Samples | 609 |
| Testing Samples | 153 |
| Training R² | 0.900 |
| Testing R² | 0.460 |
| Last Updated | 2025-07-03 |
| Mean Absolute Percentage Error | 12.7% | Average percentage error across all predictions |
| Forecast Standard Deviation | $486 | Spread of prediction errors |
| Coefficient of Variation | 17.3% | Relative variability of predictions |
| 10th Percentile Error % | 2.1% | 10% of predictions have error less than this |
| 90th Percentile Error % | 27.5% | 90% of predictions have error less than this |