How Much Is a Home Near a Metro Station Worth?
From the sale date, the building's age, the distance to the nearest MRT station, the number of shops nearby and the location, what's the price per unit area? It puts a number on what living near the metro is worth.
The table
414 home sales in Sindian District, New Taipei City, with date, house age, distance to the MRT, convenience stores and coordinates, and the price per unit area. It's in Welt's research catalogue as Real Estate Valuation, Sindian District, 414 rows by 7 columns, licensed CC BY 4.0. The catalogue measures its signal at 0.65. At 414 rows and 6 features, TabICLv2, Kumo Tabular Medium, Mitra-v2 and TabDPT 1.3 take the table as it is.
Walkthrough
Load it from the catalogue
Find the table, read its recorded target and print the column names.
import pandas as pd from welt import Client with Client() as client: item = client.research_datasets(q="real estate valuation Sindian", limit=1)["items"][0] info = client.research_dataset(item["id"]) data = client.load_research_dataset(item["id"]) target = info["targets"][0] target = target["name"] if isinstance(target, dict) else target print([column["name"] for column in info["schema"]], target)Pick the rows
Set aside 20 rows to predict at the end, and keep the rest for the models to learn from.
known = data.dropna(subset=[target]) new_rows = known.sample(20, random_state=1) table = known.drop(new_rows.index)Compare the models and predict
The models compete on the same folds against a simple guess, then the top-ranked one is fitted on the whole table. RMSE and MAE are average errors in the target's own units, so lower is better. The last table puts each prediction next to the real answer.
with Client() as client: evaluation = client.evaluate(table, target, task="regression", seed=7, models=["tabicl-v2", "kumo-medium", "mitra-v2", "tabdpt-1.3"]) model = evaluation.fit() print(evaluation.summary()[["name", "rank", "rmse_mean", "mae_mean"]]) features = new_rows.drop(columns=target) print(pd.DataFrame({"actual": new_rows[target].values, "predicted": model.predict(features)}))
What you get
Try it
Use Open with to run the research datasets notebook in Colab, Kaggle or Jupyter and search for "real estate valuation Sindian", or run the code above after pip install "welt-client[parquet]".
Open with
- Type
- Use case
- Area
- Finance
- Question
- How Much Is a Home Near a Metro Station Worth?
- Model
- TabICLv2, Kumo Tabular Medium, Mitra-v2, TabDPT 1.3
- Data
- Real Estate Valuation, Sindian District, 414 rows
- For
- Property valuers and transport planners
- Licence
- CC BY 4.0