Home   Mortgage Broker   Free Mortgage Broker Business Plan   4.29 Market Value of Owned Home by Area Type Nationally Analysis

4.29 Market Value of Owned Home by Area Type Nationally Analysis

In order to analyze the market value of owned homes by type of area we have broken the national home ownership data into the following categories:The average market value of owned home in Urban areas.

  1. The average market value of owned home in Urban areas.
  2. The average market value of owned home in Rural areas.

The results of this analysis were of course not surprising at all. On average a home in an urban area was worth $158k in 2010 and a home in a rural area was worth $121k. Urban homes have seen an increase in market value of approximately 68% since 2000 and homes in rural areas have seen an increase of almost 45% during the same time.

It would be beneficial for a mortgage broker like Real Estate Funding Solutions to market its services to homeowners located in the urban areas of its target market as opposed to the rural areas since urban homes will tend to have better market values and therefore higher mortgages resulting in better profit per transaction. Rural homes besides having a lower market value on average will also present the problem on not having easy comparisons in appraisals. It is often very hard to get the lender to see the value of an appraisal where the nearest comparable property is not as close to the subject property and may not resemble the subject property.

On the other hand, if most of the competitors in the industry are not focusing on the rural housing market, a firm like Real Estate Funding Solutions may be able to carve out a niche for themselves by focusing on the rural market that is being underserviced.

Quick Links:

  1. Go to the Corresponding Template section for this industry.
  2. Go to the Corresponding Questionnaire section for this industry.

Small Business Owner Resource Center

Articles

Articles on the Small Business Financing Sources, the Small Business Loan Basics, small business loans Checklist and SBA Loans are incredible sources of knowledge for the small business owner.

 

Articles

Credit Report and Credit Score Analysis, how to Read a Personal Credit Report and all about Business Credit cover the intricacies of credit and are required reading for everybody.

 

Articles

The Foundation Grant Directory is a free listing of sources for grants by state. Why not look if there is some free money out there for your business. Hey - you never know!

 

Articles

The Business Loan Application covers every item you will need in your loan package and tells you how to get approved for business loans.

 

Articles

Fire your loan broker and use our Free Business Loans Bank / Lender Directory to find every bank in the country lending to small businesses.

 

Articles

If you are looking to start a business - look no further.  Check out the Free Incorporation Guide discussion and the State Incorporation Resource Directory.

Rate this page
Your feedback is important to us | Please rate this page
1 2 3 4 5
HELP US SPREAD THE WORD | LINK TO THIS PAGE