Home Plumbing Contractor Free Plumbing and Heating Contractor Business Plan 4.23 Market Value of Owned Home by Education Nationally Analysis
In order to analyze the market value of owned homes by education nationally we have broken the national population into the following categories:
When comparing the prices of homes nationally we find that on balance there is a direct relationship between the market value of homes and the extend of education. In 2005 folks with less than a high school degree lived in homes valued on average at $72,403 - folks who had a Masters or Doctorate degree had homes that on average were valued at $268,793. This represents a 271% difference between the average value of homes for folks on either side of the education spectrum. This discrepancy holds true for any year in the analysis from 2005 to 2014. This analysis shows the dramatic impact of education on upward mobility.
This analysis also yields some interesting results about the appreciation of homes over the decade of the analysis. As expected the market value of homes for folks with a Bachelors, Masters or Doctorate degree were up between 6.5% to 12.4%. The market value of folks with an associates degree actually fell the most by 19.3%. Folks who graduated high school actually saw a smaller decrease in the market value of their home - their homes declined 6.8%. What was really surprising was that folks who claimed they had not graduated high school actually saw an very modest increase of 0.7% in the market value of their homes during the decade.
When Felix and Michael of Central Plumbing and Heating are looking to get the lucrative kitchen and bathroom remodeling business, they will be looking to target consumers in Mecklenburg County that have higher levels of educational achievement and live in more expensive homes, since these are the folks who tend to have the deep pockets necessary for these projects.
On the other hand when Central Plumbing and Heating will be marketing its services to folks who not achieved as much of education and live in working class neighborhoods, Felix and Michael will have to focus more on the repair and maintenance jobs since that is what this market segment will be able to afford.
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