Home   Electrical Contractor   Free Electrical Contractor Business Plan   4.27 Market Value of Owned Home by Consumer Unit Size Nationally Analysis

4.27 Market Value of Owned Home by Consumer Unit Size Nationally Analysis

In order to analyze the market value of owned homes by size of consumer unit we have broken the national population into the following categories:

  1. The average market value of owned home by a 1 person consumer unit.
  2. The average market value of owned home by a 2 person consumer unit.
  3. The average market value of owned home by a 3 person consumer unit.
  4. The average market value of owned home by a 4 person consumer unit.
  5. The average market value of owned home by a 5+ person consumer unit.

When we examine the data for the year 2004, we find that the market value of home owned by 2 person unit is $189,141 - more than twice the amount for a 1 person unit - that of course makes sense - more folks in a household implies that there may be people working and therefore a higher income that naturally translates into a higher market value of the owned home. Oddly enough in the case of the 3 person consumer unit households the market value of the home actually is lower than that for a two unit home; again we see that a four person consumer unit on average a higher value of owned home than a 1, 2 or 3 person unit, but when it comes to a 5 plus person consumer unit, the market value of the owned home again falls below that of a 4 person unit. This exact same pattern show up in the data for 2013 as well.

In terms of price appreciation of home values, we find that the values of homes owned by 2 persons is the highest coming in at 22%. In comparison, homes owned by a 3 person unit and 4 person unit have only increased 11% in value. Once again home owned by 5 plus person consumer units only register a 1% increase in the home value on average.

For a electrical contractor establishment like Lights On Electrical, it is would certainly be advantageous to target homes registering with multiple consumer units since these home values tend to be higher and will given the higher amount of earners, the household will probably be able to afford upkeep and maintenance projects that require the services of an electrical contractor like Andy or Jose.

Quick Links:

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

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