Boston Housing Prices Datasets – Tensorflow.keras Datasets

Are you considering investing in the Boston real estate market? If so, you’ll want to make informed decisions based on accurate data. That’s where the Boston Housing Prices Datasets come into play. This comprehensive collection of datasets provides you with essential information on housing prices in the Boston area, allowing you to analyze trends, compare neighborhoods, and predict future market conditions. Whether you’re a real estate investor, a homebuyer, or a researcher, these datasets offer valuable insights into the Boston housing market.

In this article, we will cover the Boston Housing Price Datasets in Tensorflow.keras Datasets. Here we will explore this dataset with Explanation, Application, and sources.

What is Boston Housing Prices Datasets?

With the Boston Housing Prices Datasets, you can uncover key metrics such as median home prices, average price per square foot, and historical price trends. By leveraging this information, you’ll be equipped to make smarter choices when it comes to buying or selling property in the Boston area. Make data-driven decisions and stay ahead of the curve by exploring the Boston Housing Prices Datasets today.

Discover the power of data and gain a competitive edge in the Boston real estate market with the Boston Housing Prices Datasets. Take advantage of these valuable resources and unlock the insights you need for success. Start exploring today!

Description of the available datasets

The Boston Housing Prices Datasets offer a wide range of information on housing prices in the Boston area. These datasets include key metrics, historical price trends, and other relevant data points that can help individuals gain a comprehensive understanding of the market. Here are some of the available datasets:

1. Median home prices: This dataset provides information on the median price of homes in different neighborhoods in Boston. It allows individuals to compare prices across neighborhoods and identify areas that offer the best value for money.
2. Price per square foot: This dataset offers insights into the average price per square foot of properties in Boston. It provides a more granular view of housing prices and allows individuals to assess the relative affordability of different properties.
3. Historical price trends: This dataset tracks the historical changes in housing prices in Boston over a specified period. It enables individuals to identify trends and patterns that can help predict future market conditions.
4. Neighborhood characteristics: Some datasets include information on neighborhood characteristics such as crime rates, school quality, and access to amenities. These datasets can help individuals assess the desirability of different neighborhoods and make more informed decisions.
5. Market reports: Market reports provide a comprehensive overview of the Boston housing market, including information on supply and demand, inventory levels, and market conditions. These reports are often updated regularly and offer up-to-date insights into the market.

The Boston Housing Dataset is a derived from information collected by the U.S. Census Service concerning housing in the area of Boston MA. The following describes the dataset columns:

Variable	Description
CRIM	per capita crime rate by town
ZN	proportion of residential land zoned for lots over 25,000 sq.ft.
INDUS	proportion of non-retail business acres per town.
CHAS	Charles River dummy variable (1 if tract bounds river; 0 otherwise)
NOX	nitric oxides concentration (parts per 10 million)
RM	average number of rooms per dwelling
AGE	proportion of owner-occupied units built prior to 1940
DIS	weighted distances to five Boston employment centres
RAD	index of accessibility to radial highways
TAX	full-value property-tax rate per $10,000
PTRATIO	pupil-teacher ratio by town
B	1000(Bk – 0.63)^2 where Bk is the proportion of blacks by town
LSTAT	% lower status of the population
MEDV	Median value of owner-occupied homes in $1000’s

Applications of the datasets in predicting housing prices

The Boston Housing Prices Datasets have numerous applications in predicting housing prices and anticipating market conditions. Here are some of the ways in which the datasets can be used:

1. Real estate investment: Investors can leverage the datasets to identify areas with high potential for appreciation and make informed investment decisions. By analyzing historical trends and other relevant factors, investors can predict future market conditions and adjust their investment strategies accordingly.
2. Homebuying decisions: Homebuyers can use the datasets to compare prices across neighborhoods and make informed decisions about where to buy property. By analyzing neighborhood characteristics and historical price trends, homebuyers can identify areas that offer the best value for money.
3. Policy-making: Policymakers can utilize the datasets to assess the impact of existing policies and make evidence-based decisions. For example, datasets on gentrification can inform policies aimed at promoting affordable housing and preventing displacement.
4. Academic research: Researchers can use the datasets to conduct studies on various aspects of the Boston housing market. By analyzing the datasets, researchers can contribute to the body of knowledge on real estate economics and urban development.

How to Load Boston Datasets

Here we will load the Boston datasets with tensorflow module.

Python

from tensorflow.keras.datasets import boston_housing
(train_data, train_targets), (test_data, test_targets) = boston_housing.load_data()
print("Train data:", train_data.shape, "Train targets:",
      train_targets.shape, "Test data:",
      test_data.shape, "Test targets:", 
      test_targets.shape)

Output:

Train data: (404, 13) Train targets: (404,) Test data: (102, 13) Test targets: (102,)

Explanation:

• x_train and x_test: These variables store the feature data for training and testing. Each feature includes factors like per capita crime rate, average number of rooms, accessibility to highways, etc.
• y_train and y_test: These are the target variables, i.e., the median values of the houses at the locations corresponding to the feature sets.

You can use this data to build a regression model with Keras by defining an appropriate neural network structure, compiling the model, and then fitting it to the data.

For more keras datasets please read this article – Keras Datasets

Importance of datasets in analyzing housing prices

In the digital age, the availability of data has revolutionized the way we make decisions. This is particularly true for the real estate industry, where data-driven insights can make a significant impact. Analyzing housing prices datasets is crucial for several reasons.

Firstly, datasets provide a comprehensive and objective view of the market. They allow individuals to assess the current state of the market and identify trends that may not be apparent through other means. By analyzing these datasets, investors can make more informed decisions based on empirical evidence rather than relying solely on intuition or anecdotal information.

Secondly, datasets enable individuals to compare different neighborhoods and areas within Boston. This is particularly valuable for homebuyers who are looking to find the perfect location for their needs. By examining housing prices datasets, individuals can identify areas that offer the best value for money, have the highest potential for appreciation, or are most aligned with their lifestyle preferences.

Sources of Boston housing prices datasets

1. There are various sources of Boston housing prices datasets that individuals can access to gain insights into the market. These sources range from government agencies to real estate marketplaces and research institutions. Some of the most notable sources include.
2. The U.S. Department of Housing and Urban Development (HUD): HUD provides a wealth of information on housing prices in Boston and across the country. Their datasets include information on median home prices, sales volume, and other relevant metrics. These datasets are publicly available and can be accessed through the HUD website.
3. Zillow: Zillow is a popular online real estate marketplace that provides comprehensive data on housing prices in Boston.
4. Universities: Several research institutions and universities conduct studies and collect data on the Boston housing market. These datasets often include detailed information on housing prices, neighborhood characteristics, and other relevant factors. Examples of such institutions include the Massachusetts Institute of Technology (MIT) and Harvard University.