Hedonic Pricing Model v3.1.0

Richmond Metro Hedonic Price Engine

Log-linear OLS model trained on 2,327 sold 4BD+ SFH across 19 ZIP codes. Backtested against 6,029 properties.

R-Squared

0.764

Variance explained

MAE

11.8%

Backtest: 14% on 6,029

Spearman ρ

0.878

Rank correlation

Coverage

71%

Within ±15% (1653 of 2327)