+Residential Boundaries™ – Moving Neighborhood Data into the Suburbs
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Maponics is known for providing state-of-the-art data for neighborhood polygons. Through our Neighborhood Boundaries™ product, we offer boundary data for different types of neighborhoods in urban areas.
But there are other communities where people live and work that are not so urban. To provide data about these geographies, Maponics has developed +Residential Boundaries™ – a new dataset designed to complement our Neighborhood Boundaries product. +Residential offers overwhelming residential coverage, with 100,000 U.S. boundaries and plans to expand to half a million residential boundaries by 2015.
The neighborhoods in +Residential are single use – at least 90% of each boundary consists of homes and apartment buildings. In contrast, neighborhoods in our Neighborhood Boundaries represent a mix of uses, such as service and retail businesses, homes and apartments, and public locations.
Summit Park – a town home development in the Denver metro region – is one of the areas included in Maponics +Residential Boundaries. Image source: Street View – Google Maps
Better Insight for the Real Estate Industry
In addition to providing overwhelming coverage of residential geographies, enabling real estate agents to reach more end users, +Residential gives customers a refined understanding of the use and function of the polygons in their dataset.
With +Residential, real estate portals can offer their users the chance to find homes within residential-only areas in the suburbs or bedroom communities of a metro region. This helps consumers conduct “lifestyle” property searches – that is, searching for all the locations that offer a suburban lifestyle.
Further, our residential boundaries help when analyzing the housing market by narrowing down variables. Rather than comparing home sales and values among mixed-use neighborhoods that might be different from each other, +Residential enables businesses to compare neighborhoods that are all singular in character and function. Fewer variables mean more reliable results.
The residential boundary for Summit Park in Denver.
Expanding the Concept of “Community”
+Residential Boundaries is fully compatible with the 2.0 Data Structure of Neighborhood Boundaries. Because the data in the 2.0 version of Neighborhoods is more uniform, it’s easier to add on companion datasets that extend the characterization of communities beyond urban neighborhoods. +Residential is the first of these companion products.
In the coming weeks, look for an interview with Paul Gallagher, Maponics’ Vice President of Marketing and Product Development, about our upcoming expansion of the Communities™ product family.