Property Price Intelligence · Live Demo
What drives house prices
in Ames, Iowa?
Three models — from transparent formula to machine learning — tested on 586 unseen properties.
Key Market Insights
From the data
Quality Premium · Current Model
$20,578
Each quality grade step adds $20,578 to the estimated price. The strongest single pricing driver across all models.
↑ Primary pricing driver
Location Premium · Current Selection
$56,261
NridgHt–MeadowV spread: $56,261. NAmes is $8,076 above MeadowV (lowest).
↑ 461% above lowest
Model Accuracy · Holdout Validation
90.9%
Random Forest explains 90.9% of price variation on 586 unseen properties. Typical error ±$26,253 per property.
↑ Strong predictive fit
Configure Property Attributes
Interactive
Model Estimates
Not yet run
Model 1 — Formula
Transparent
Linear regression using 5 interpretable factors.
Configure attributes above and run models to see the estimate.
Model 2 — Formula + Location
Location-Adjusted
Formula model extended with neighbourhood premium/discount.
Improves accuracy from 77% to 81%.
Model 3 — Random Forest
Machine Learning
Ensemble of 100 decision trees — 32 features including neighbourhood.
Best accuracy: 90.9% on unseen data.
Session History
0 predictions
Model 1 — Formula
Model 2 — Formula+Location
Model 3 — ML
No predictions yet. Configure a property and run the models.