Tab 1 — City Report: "Millbrook's population grew from 80,000 in 2018 to 92,000 in 2023. The city's median household income rose from $52,000 to $61,000 over the same period."
Tab 2 — Housing Data: In 2023, Millbrook had 38,000 housing units. The homeownership rate was 58%. The median home price was $285,000. The price-to-income ratio (home price ÷ annual income) rose from 4.8 in 2018 to 4.67 in 2023.
Tab 3 — Regional Context: The state's average homeownership rate is 62%. The state median home price is $310,000.
Which of the following can be concluded directly from the data provided?
- AMillbrook's 2018 median home price was approximately $249,600.
- BMillbrook has approximately 22,040 owner-occupied housing units in 2023.
- CMillbrook's homeownership rate increased from 2018 to 2023.
- DMillbrook's median home price is lower than the state median because income is lower.