Shelby County, TN

Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 35.18, -89.90.

Assembled 2026-10-03. Read the brief.

Typical home value
$219,232
as of August 2026
  • 43rd pct · 1,719th of 3,063 US counties · median $234,566
  • 25th pct · 71st of 95 Tennessee counties · median $259,021
Home value, one year
-1.3%
as of August 2026
  • 13th pct · 2,650th of 3,063 US counties · median +2.9%
  • 1st pct · 94th of 95 Tennessee counties · median +3.2%
Typical rent
$1,348
as of August 2026
  • 35th pct · 902nd of 1,399 US counties · median $1,496
  • 31st pct · 32nd of 46 Tennessee counties · median $1,490
Jobs
458,734
as of 2026 Q1-01
  • 98th pct · 59th of 3,221 US counties · median 8,232
  • 98th pct · 2nd of 95 Tennessee counties · median 8,576
Average weekly wage
$1,485
as of 2026 Q1-01
  • 92nd pct · 248th of 3,221 US counties · median $1,039
  • 95th pct · 5th of 95 Tennessee counties · median $1,030
Years of wages per home
2.8
  • 16th pct · 2,565th of 3,063 US counties · median 4.3
  • 3rd pct · 92nd of 95 Tennessee counties · median 5.0

Typical home value divided by the average annual wage of one covered job.

A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.

Home values #

currentas of 2026 Q1retrieved 2026-10-03

Typical home $219,232 (Aug 2026), -1.3% over one year, +12.4% over five

  • 43rd pct · 1,719th of 3,063 US counties · median $234,566
  • 25th pct · 71st of 95 Tennessee counties · median $259,021
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
ItemValueDistance
Shelby County, TN$219,232 · -1.3% 1-yr

Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.

Rents #

currentas of 2026 Q1retrieved 2026-10-03

Typical rent $1,348/mo (Aug 2026), +1.2% over one year; price-to-rent 13.6

  • 35th pct · 902nd of 1,399 US counties · median $1,496
  • 31st pct · 32nd of 46 Tennessee counties · median $1,490
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
ItemValueDistance
Shelby County, TN$1,348/mo · +1.2% 1-yr

Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).

What the typical home costs to carry #

currentretrieved 2026-10-03

Principal and interest of $1,200 a month on $219,232 at 7.28%, against an average weekly wage worth $6,435 a month: 18.6% of one job’s pay.

  • payment = P·r / (1 − (1+r)^−n), P = $219,232 × 80% = $175,386, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,200/mo principal and interest
  • wage share = payment / (avg weekly wage $1,485 × 52 / 12 = $6,435) = 19% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
  • years of wages = $219,232 / ($1,485 × 52) = 2.8
  • price-to-rent = $219,232 / ($1,348 × 12) = 13.6

The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.

Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.

Jobs & wages #

currentas of 2026 Q1retrieved 2026-10-03

458,734 jobs at 22,803 employers (2026 Q1); -2.9% jobs and +3.2% average weekly wage over the year

  • 98th pct · 59th of 3,221 US counties · median 8,232
  • 98th pct · 2nd of 95 Tennessee counties · median 8,576
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
ItemValueDistance
Shelby County, TN458,734 jobs · $1,485/wk · -2.9% YoY
BLS QCEW, all ownerships, third month of the quarter. A location quotient of 1.00 means this county has the national share of its jobs in that sector; 2.00 means twice it. A withheld row is a BLS disclosure code N: the cell is absent, not zero.
NAICS sectorJobsAvg weekly wageLocation quotientJobs over the year
Health care and social assistance73,427$1,3651.06+0.0%
Transportation and warehousing61,396$1,6823.18-3.8%
Retail trade38,990$8080.87-10.2%
Accommodation and food services37,425$4970.91+0.3%
Administrative and waste services36,280$9101.39-3.0%
Manufacturing26,227$1,9640.71-3.7%
Wholesale trade25,637$1,8861.46-4.6%
Professional and technical services19,404$1,7650.61-4.0%
Construction18,272$1,5610.76+1.3%
Finance and insurance13,087$3,4120.70-2.8%
Other services11,278$1,2070.82-11.0%
Educational services10,194$1,0601.03+0.4%

BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.

Drought #

currentretrieved 2026-10-03

D2 severe drought

Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.

US Drought Monitor current week; the highest class of any polygon containing the point.

Reservoirs #

currentretrieved 2026-10-03

No reservoir gauges within 150 km (or the camera is above the gauge altitude)

Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.

Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.

Stream gauges #

currentretrieved 2026-10-03

45 gauges · 0 flooding · 4 with quality panels averaging 63 % · 15 stale

Sites found: 45, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
SiteReadingDistance
USGS-07032000flow 458,000 ft³/s · quality 0 % (1) · no flooding17 km
USGS-351113089513401DO 0.20 mg/l · quality 63 % (4) · STALE4 km
Wolf River at Raleighno flooding3 km
USGS-07031692flow 28.8 ft³/s3 km
USGS-351111089512501DO 6.50 mg/l · quality 88 % (4) · STALE4 km
USGS-07031660flow 1,520 ft³/s · STALE7 km
USGS-07031740flow 327.0 ft³/s7 km
USGS-07030290stage 1.70 ft11 km
USGS-07031650flow 356.0 ft³/s · no flooding11 km
USGS-07030356flow 1,710 ft³/s · no flooding · STALE12 km

USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.

Groundwater #

currentretrieved 2026-10-03

43 wells in 0 named aquifers:

Sites found: 43, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
SiteReadingDistance
USGS-351100089523600depth 124.6 ft · 1994-09-302 km
USGS-351126089513000depth 122.7 ft · 1989-06-264 km
USGS-351111089512501depth 68.1 ft · 2018-09-304 km
USGS-351320089535800depth 118.5 ft · 2010-02-285 km
USGS-351102089582701depth 21.9 ft · 2006-10-117 km
USGS-351113089583101depth 30.7 ft · 2006-10-117 km
USGS-350724089555600depth 160.4 ft · 1995-09-307 km
USGS-350658089560100depth 120.5 ft · 1995-09-308 km

USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.

Water stress #

currentretrieved 2026-10-03

moderate (0.45)

Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.50 + 0.2×0.38 / 0.55

Banks & federal dollars #

currentretrieved 2026-10-03

$36.2 bn in deposits at 203 offices of 33 banks (SOD June 2026); HHI 2,469, highly concentrated. $5.8 bn federal obligations in FY2026 (direct payments $4.8 bn, contracts $567.3 m), $12,545 per covered job

FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
ItemValueDistance
First Horizon Bank$17.0 bn · 47.0% share · 28 offices
Regions Bank$3.9 bn · 10.7% share · 29 offices
Pinnacle Bank$2.7 bn · 7.6% share · 7 offices
Shelby, TN$5.8 bn FY2026 · $12,545/job
MULTIPLE RECIPIENTS$4.4 bn · top recipient FY2026
FDIC Summary of Deposits, June 2026. These are institution offices, not people: the row is a bank's presence in the county.
InstitutionDepositsShareOffices
First Horizon Bank$17,013,855,00047.0%28
Regions Bank$3,855,254,00010.7%29
Pinnacle Bank$2,740,438,0007.6%7
Bank of America, National Association$1,807,461,0005.0%11
Independent Bank$1,618,478,0004.5%9
Truist Bank$1,334,430,0003.7%15
The Huntington National Bank$961,611,0002.7%9
Financial Federal Bank$879,692,0002.4%1
Paragon Bank$605,079,0001.7%4
Renasant Bank$504,053,0001.4%6

Deposit concentration is 2,469 across 33 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.

HHI = Σ (share %)² over 33 banks with deposits in the county = 47.0² + 10.7² + 7.6² + … (30 more) = 2,469

FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.

Federal obligations #

currentretrieved 2026-10-03

USAspending place-of-performance obligations for FY2026, by awarding agency.

USAspending, FY2026, place of performance in this county.
Awarding agencyObligations
Social Security Administration$3,838,866,570
Department of Veterans Affairs$637,740,834
Department of Housing and Urban Development$309,703,122
Department of Health and Human Services$283,428,374
Department of Defense$272,342,506
Department of Education$119,110,364
Department of Transportation$96,323,360
General Services Administration$63,811,696
Department of the Treasury$34,747,510
Railroad Retirement Board$22,055,486
Department of Justice$16,947,045
Department of Agriculture$15,051,841

That is $12,545 per covered job, against 458,734 jobs in the 2026 Q1 QCEW quarter.

per job = FY2026 obligations $5.8 bn / 458,734 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $12,545

USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.

Public companies #

currentretrieved 2026-10-03The company snapshot is a committed fixture, not a pull.

1 public company files with the SEC from a business address here (FedEx Corp). These rows are a committed fixture, not a pull: the snapshot has never been refreshed, so every financial fact is null and the list is not a complete census of filers in this county. The county's jobs mix maps to 10 GICS sectors, led by Industrials.

Public filers whose registered business address with the SEC falls in this county, from a committed snapshot of EDGAR's company_tickers_exchange file. A position is the centroid of the address's ZIP code (Census ZCTA) or, where the snapshot says so, of its city: it is not a building. Legal entities only - no officer, insider or shareholder data is read, and Forms 3, 4 and 5 are excluded everywhere. Sector exposure is the county's BLS QCEW jobs mix bridged to GICS sectors by a convention documented in lib/companies/sectors.ts; a jobs mix is not a portfolio.
ItemValueDistance
FedEx CorpFDX · NYSE · Industrials · Memphis, TN 38120

This is a committed fixture, not a pull: 1 filers are named and their financial facts are empty until the snapshot is refreshed. An absent company is not evidence that none is headquartered here.

Public filers whose registered business address with the SEC falls in this county, from a committed snapshot of EDGAR's company_tickers_exchange file. A position is the centroid of the address's ZIP code (Census ZCTA) or, where the snapshot says so, of its city: it is not a building. Legal entities only - no officer, insider or shareholder data is read, and Forms 3, 4 and 5 are excluded everywhere. Sector exposure is the county's BLS QCEW jobs mix bridged to GICS sectors by a convention documented in lib/companies/sectors.ts; a jobs mix is not a portfolio.

National context, not this county #

currentretrieved 2026-10-03

These are United States, single-gauge, single-state and port series. None of them is keyed to this county.

The national indicator set, unfiltered by place.
SeriesLatestAs ofChange
Mississippi River at Memphis, stage · ftnot publishednot published
Mississippi River at St. Louis, stage · ftnot publishednot published
Ohio River at Louisville, stage · ft15.282026-10-01-7.4%
Missouri River at St. Joseph, stage · ftnot publishednot published
Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s5,170.002026-02-05-25.3%
Texas reservoirs, statewide percent full · %71.902026-10-02+0.6%
Laredo truck crossings, monthly · trucks258,700.002026-08-01-0.4%
Los Angeles + Long Beach container volume, annual · TEU10,513,167.002023-01-01-13.5%
Containerships waiting for a berth, all US ports · ships6.002026-09-22-14.3%
Shanghai to Los Angeles container rate · $ per 40 ft box6,830.002026-08-01+7.4%
US diesel retail price · $ per gallonunavailablenot published
WTI crude oil, spot · $ per barrel96.162026-09-29-3.2%
30-year fixed mortgage rate · %7.282026-10-01+3.6%
Housing starts, annual rate · thousands of units1,275.002026-08-01-2.6%
Building permits, annual rate · thousands of units1,403.002026-08-01-2.1%
Case-Shiller US home price index · index, Jan 2000 = 100337.312026-07-01+0.1%
Unemployment rate · %4.202026-09-01+2.4%
US goods and services trade balance, monthly · $ millions-88,576.002026-07-01-24.4%
Retail sales excluding food services, monthly · $ millions646,347.002026-08-01+1.1%

The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.

What changed #

currentretrieved 2026-10-03

Shelby County, TN: 15 findings, 2 at a watch level and 13 noted

  1. watchShelby County, TN's covered employment is -2.9% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

    Period 2026 Q1.
    Show the arithmetic
    • test: jobs.yoy.emp = -2.9 < 0

    BLS QCEW over-the-year percent change, as published; not an official level

  2. watchShelby County, TN's typical home value is -1.3% against a year earlier, a watch level here: typical home value below a year ago (arithmetic on Zillow ZHVI, county and metro files; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

    Period 2026-08.
    Show the arithmetic
    • test: home.yoyPct = -1.263762304444493 < 0

    arithmetic on Zillow ZHVI, county and metro files; not an official level

  3. noteShelby County, TN's average weekly wage was 3.2% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

    Period 2026 Q1.
    Show the arithmetic
    • +3.2 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
    • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

    BLS QCEW over-the-year percent change, as published

  4. noteShelby County, TN's covered employment was 2.9% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

    Period 2026 Q1.
    Show the arithmetic
    • -2.9 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
    • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

    BLS QCEW over-the-year percent change, as published

  5. noteShelby County, TN's typical home value of -1.3% ranks 94th of 95 Tennessee counties, against a median of +3.2%.

    Period 2026-08.
    Show the arithmetic
    • 1 on the 0-to-100 scale across 95 Tennessee counties that published home.yoyPct

    position among the entities that published this metric this period; not an official level

Read all 12 findings in the full brief

Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.

Sources #

  • publishedTIGERwebU.S. Census Bureauopen the source
    tigerWMS_Current · retrieved 2026-10-03
  • publishedZillow Home Value Index (ZHVI)Zillow Researchopen the source
    County_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv · period 2026-08 · retrieved 2026-10-03
  • publishedZillow Home Value Index (ZHVI)Zillow Researchopen the source
    Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv · period 2026-08 · retrieved 2026-10-03
  • publishedZillow Observed Rent Index (ZORI)Zillow Researchopen the source
    County_zori_uc_sfrcondomfr_sm_month.csv · period 2026-08 · retrieved 2026-10-03
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-03 · price-to-rent = $219,232 / ($1,348 × 12) = 13.6
  • publishedFRED Economic DataFederal Reserve Bank of St. Louisopen the source
    MORTGAGE30US · period 2026-10-01 · retrieved 2026-10-03
  • publishedQuarterly Census of Employment and WagesU.S. Bureau of Labor Statisticsopen the source
    area 47157, all ownerships, all industries · period 2026-Q1 · retrieved 2026-10-03
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-03 · payment = P·r / (1 − (1+r)^−n), P = $219,232 × 80% = $175,386, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,200/mo principal and interest; wage share = payment / (avg weekly wage $1,485 × 52 / 12 = $6,435) = 19% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs); years of wages = $219,232 / ($1,485 × 52) = 2.8; price-to-rent = $219,232 / ($1,348 × 12) = 13.6
  • publishedQuarterly Census of Employment and WagesU.S. Bureau of Labor Statisticsopen the source
    area 47157, NAICS sectors, private ownership · period 2026-Q1 · retrieved 2026-10-03
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-03 · momentum = momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%); terms home value 1-yr change -1.3% / ±10% × 0.3, rent 1-yr change +1.2% / ±10% × 0.15, jobs over-the-year change -2.9% / ±3% × 0.3, avg weekly wage over-the-year change +3.2% / ±6% × 0.25
  • publishedU.S. Drought MonitorNational Drought Mitigation Center, USDA, NOAAopen the source
    USDM_current · retrieved 2026-10-03
  • publishedUSGS Water Data APIU.S. Geological Surveyopen the source
    latest-continuous 00010,00060,00065,00095,00300,00400,63680 · period 2026-10-03T01:45:00.000Z · retrieved 2026-10-03
  • publishedNational Water Prediction ServiceNOAA National Weather Serviceopen the source
    nwps/v1/gauges · period 2026-10-03T01:15:00Z · retrieved 2026-10-03
  • estimateUSGS Water Data APIU.S. Geological Surveyopen the source
    · retrieved 2026-10-03 · quality screen per site = 1 − points / (2 × n), ok 0, watch 1, poor 2 points over the n parameters it reports; mean over 4 sites = 63 %
  • publishedUSGS Water Data APIU.S. Geological Surveyopen the source
    latest-daily 72019 · period 2026-10-01T00:00:00.000Z · retrieved 2026-10-03
  • estimateU.S. Drought MonitorNational Drought Mitigation Center, USDA, NOAAopen the source
    · retrieved 2026-10-03 · supply stress = Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.50 + 0.2×0.38 / 0.55 = 0.45; terms drought (D2 / 4), quality (1 − 63 % / 100)
  • publishedUSGS Water Data APIU.S. Geological Surveyopen the source
    latest-continuous 00060,00065,00010,00300,00095,00400,63680,00062,00054 · period 2026-10-03T01:45:00+00:00 · retrieved 2026-10-03
  • publishedNational Water Prediction ServiceNOAA National Weather Serviceopen the source
    nwps/v1/gauges · period 2026-10-03T01:30:00Z · retrieved 2026-10-03
  • publishedUSGS Water Data APIU.S. Geological Surveyopen the source
    latest-daily 72019,62610,62611 · period 2026-10-02 · retrieved 2026-10-03
  • publishedBankFind Suite APIFederal Deposit Insurance Corporationopen the source
    sod:47157:2026 · period 2026-06-30 · retrieved 2026-10-03
  • estimateBankFind Suite APIFederal Deposit Insurance Corporationopen the source
    sod-hhi:47157:2026 · period 2026-06-30 · retrieved 2026-10-03 · HHI = Σ (share %)² over 33 banks with deposits in the county = 47.0² + 10.7² + 7.6² + … (30 more) = 2,469
  • publishedUSAspending APIU.S. Department of the Treasuryopen the source
    spending_by_geography:county:FY2026 · period FY2026 · retrieved 2026-10-03
  • estimateUSAspending APIU.S. Department of the Treasuryopen the source
    · retrieved 2026-10-03 · per job = FY2026 obligations $5.8 bn / 458,734 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $12,545
  • publishedUSAspending APIU.S. Department of the Treasuryopen the source
    spending_by_category:47157:FY2026 · period FY2026 · retrieved 2026-10-03
  • publishedEDGAR company filings and XBRL APIsU.S. Securities and Exchange Commissionopen the source
    · retrieved 2026-10-03
  • publishedZCTA to county relationship file (2020)U.S. Census Bureauopen the source
    · retrieved 2026-10-03
  • publishedTIGERwebU.S. Census Bureauopen the source
    · retrieved 2026-10-03
  • estimateQuarterly Census of Employment and WagesU.S. Bureau of Labor Statisticsopen the source
    qcew:47157:sectors · retrieved 2026-10-03 · NAICS sector -> GICS sector by the static table in lib/companies/sectors.ts; lq = sum(emp_i * lq_i) / sum(emp_i) over the NAICS sectors folded into the GICS sector, withheld cells excluded; ETFs are the convention list, not a recommendation
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-03 · typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-03 · momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%)
  • estimateQuarterly Census of Employment and WagesU.S. Bureau of Labor Statisticsopen the source
    · retrieved 2026-10-03 · typical home value / (average weekly wage × 52); one average covered job, not a household
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-03 · month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns
  • estimateZillow Observed Rent Index (ZORI)Zillow Researchopen the source
    · retrieved 2026-10-03 · month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns

Citations

  • U.S. Census Bureau. TIGERweb. series tigerWMS_Current. https://tigerweb.geo.census.gov/. accessed 2026-10-03.
  • Zillow Research. Zillow Home Value Index (ZHVI). series County_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv. period 2026-08. https://files.zillowstatic.com/research/public_csvs/zhvi/County_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv. accessed 2026-10-03.
  • Zillow Research. Zillow Home Value Index (ZHVI). series Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv. period 2026-08. https://files.zillowstatic.com/research/public_csvs/zhvi/Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv. accessed 2026-10-03.
  • Zillow Research. Zillow Observed Rent Index (ZORI). series County_zori_uc_sfrcondomfr_sm_month.csv. period 2026-08. https://files.zillowstatic.com/research/public_csvs/zori/County_zori_uc_sfrcondomfr_sm_month.csv. accessed 2026-10-03.
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-03. estimate computed by Embedding Atlas: price-to-rent = $219,232 / ($1,348 × 12) = 13.6.
  • Federal Reserve Bank of St. Louis. FRED Economic Data. series MORTGAGE30US. period 2026-10-01. https://fred.stlouisfed.org/series/MORTGAGE30US. accessed 2026-10-03.
  • U.S. Bureau of Labor Statistics. Quarterly Census of Employment and Wages. series area 47157, all ownerships, all industries. period 2026-Q1. https://data.bls.gov/cew/data/api/2026/1/area/47157.csv. accessed 2026-10-03.
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-03. estimate computed by Embedding Atlas: payment = P·r / (1 − (1+r)^−n), P = $219,232 × 80% = $175,386, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,200/mo principal and interest; wage share = payment / (avg weekly wage $1,485 × 52 / 12 = $6,435) = 19% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs); years of wages = $219,232 / ($1,485 × 52) = 2.8; price-to-rent = $219,232 / ($1,348 × 12) = 13.6.
  • U.S. Bureau of Labor Statistics. Quarterly Census of Employment and Wages. series area 47157, NAICS sectors, private ownership. period 2026-Q1. https://data.bls.gov/cew/data/api/2026/1/area/47157.csv. accessed 2026-10-03.
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-03. estimate computed by Embedding Atlas: momentum = momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%); terms home value 1-yr change -1.3% / ±10% × 0.3, rent 1-yr change +1.2% / ±10% × 0.15, jobs over-the-year change -2.9% / ±3% × 0.3, avg weekly wage over-the-year change +3.2% / ±6% × 0.25.
  • National Drought Mitigation Center, USDA, NOAA. U.S. Drought Monitor. series USDM_current. https://droughtmonitor.unl.edu/CurrentMap.aspx. accessed 2026-10-03.
  • U.S. Geological Survey. USGS Water Data API. series latest-continuous 00010,00060,00065,00095,00300,00400,63680. period 2026-10-03T01:45:00.000Z. https://api.waterdata.usgs.gov/ogcapi/v0/collections/latest-continuous/items. accessed 2026-10-03.
  • NOAA National Weather Service. National Water Prediction Service. series nwps/v1/gauges. period 2026-10-03T01:15:00Z. https://api.water.noaa.gov/nwps/v1/gauges. accessed 2026-10-03.
  • U.S. Geological Survey. USGS Water Data API. https://api.waterdata.usgs.gov/. accessed 2026-10-03. estimate computed by Embedding Atlas: quality screen per site = 1 − points / (2 × n), ok 0, watch 1, poor 2 points over the n parameters it reports; mean over 4 sites = 63 %.
  • U.S. Geological Survey. USGS Water Data API. series latest-daily 72019. period 2026-10-01T00:00:00.000Z. https://api.waterdata.usgs.gov/ogcapi/v0/collections/latest-daily/items. accessed 2026-10-03.
  • National Drought Mitigation Center, USDA, NOAA. U.S. Drought Monitor. https://droughtmonitor.unl.edu/. accessed 2026-10-03. estimate computed by Embedding Atlas: supply stress = Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.50 + 0.2×0.38 / 0.55 = 0.45; terms drought (D2 / 4), quality (1 − 63 % / 100).
  • U.S. Geological Survey. USGS Water Data API. series latest-continuous 00060,00065,00010,00300,00095,00400,63680,00062,00054. period 2026-10-03T01:45:00+00:00. https://api.waterdata.usgs.gov/ogcapi/v0/collections/latest-continuous/items. accessed 2026-10-03.
  • NOAA National Weather Service. National Water Prediction Service. series nwps/v1/gauges. period 2026-10-03T01:30:00Z. https://api.water.noaa.gov/nwps/v1/gauges. accessed 2026-10-03.
  • U.S. Geological Survey. USGS Water Data API. series latest-daily 72019,62610,62611. period 2026-10-02. https://api.waterdata.usgs.gov/ogcapi/v0/collections/latest-daily/items. accessed 2026-10-03.
  • Federal Deposit Insurance Corporation. BankFind Suite API. series sod:47157:2026. period 2026-06-30. https://banks.data.fdic.gov/api/sod?filters=STCNTYBR%3A47157+AND+YEAR%3A2026&fields=CERT%2CNAMEFULL%2CBRNUM%2CUNINUMBR%2CDEPSUMBR%2CASSET%2CSTCNTYBR%2CCNTYNAMB%2CSTALPBR%2CYEAR%2CSIMS_LATITUDE%2CSIMS_LONGITUDE&format=json&limit=10000. accessed 2026-10-03.
  • Federal Deposit Insurance Corporation. BankFind Suite API. series sod-hhi:47157:2026. period 2026-06-30. https://banks.data.fdic.gov/docs/. accessed 2026-10-03. estimate computed by Embedding Atlas: HHI = Σ (share %)² over 33 banks with deposits in the county = 47.0² + 10.7² + 7.6² + … (30 more) = 2,469.
  • U.S. Department of the Treasury. USAspending API. series spending_by_geography:county:FY2026. period FY2026. https://api.usaspending.gov/api/v2/search/spending_by_geography/. accessed 2026-10-03.
  • U.S. Department of the Treasury. USAspending API. https://api.usaspending.gov/. accessed 2026-10-03. estimate computed by Embedding Atlas: per job = FY2026 obligations $5.8 bn / 458,734 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $12,545.
  • U.S. Department of the Treasury. USAspending API. series spending_by_category:47157:FY2026. period FY2026. https://api.usaspending.gov/api/v2/search/spending_by_category/. accessed 2026-10-03.
  • U.S. Securities and Exchange Commission. EDGAR company filings and XBRL APIs. https://www.sec.gov/files/company_tickers_exchange.json. accessed 2026-10-03.
  • U.S. Census Bureau. ZCTA to county relationship file (2020). https://www.census.gov/geographies/reference-files/time-series/geo/relationship-files.html. accessed 2026-10-03.
  • U.S. Census Bureau. TIGERweb. https://tigerweb.geo.census.gov/. accessed 2026-10-03.
  • U.S. Bureau of Labor Statistics. Quarterly Census of Employment and Wages. series qcew:47157:sectors. https://www.bls.gov/cew/. accessed 2026-10-03. estimate computed by Embedding Atlas: NAICS sector -> GICS sector by the static table in lib/companies/sectors.ts; lq = sum(emp_i * lq_i) / sum(emp_i) over the NAICS sectors folded into the GICS sector, withheld cells excluded; ETFs are the convention list, not a recommendation.
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-03. estimate computed by Embedding Atlas: typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month.
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-03. estimate computed by Embedding Atlas: momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%).
  • U.S. Bureau of Labor Statistics. Quarterly Census of Employment and Wages. https://www.bls.gov/cew/. accessed 2026-10-03. estimate computed by Embedding Atlas: typical home value / (average weekly wage × 52); one average covered job, not a household.
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-03. estimate computed by Embedding Atlas: month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns.
  • Zillow Research. Zillow Observed Rent Index (ZORI). https://www.zillow.com/research/data/. accessed 2026-10-03. estimate computed by Embedding Atlas: month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns.

What these numbers are not

  • Water rows are everything within 75 km of this place's internal point (150 km for reservoirs), not everything inside its boundary: lib/water searches discs, and every row prints its own distance.
  • Server report: satellite turbidity is only computed in a browser, so that term is absent here.
  • Stress uses 2 of 4 terms (drought, quality); missing terms are left out, not assumed.
  • Groundwater has no trend term: one latest level cannot say whether an aquifer is being drawn down.
  • Obligations are what agencies committed in FY2026 by place of performance: not outlays, and not the recipient's own location.
  • FY2026 closed 3 days ago; agencies report with up to a 45-day lag, so totals are still filling in.
  • Positions are ZIP or city centroids of the registered business address, not building footprints.
  • Sector and ETF names are a stated convention (lib/companies/sectors.ts), not classification by MSCI/S&P and not advice.
  • The indicator block is the NATIONAL set, filtered only by lens. None of these series is keyed to this place: they are United States, gauge, single-state or port series and they are shown as context, not as this place's own readings.

Page assembled 2026-10-03T01:54:30.866Z. Place identity tables have never been pulled: names, centroids and memberships come from the offline seed, which is complete for states and metropolitan areas and partial for counties.