Home   Roofing Contractor   Free Roofing Contractor Business Plan   4.25 Market Value of Owned Home by Region Nationally Analysis

4.25 Market Value of Owned Home by Region Nationally Analysis

In this analysis of the market value of homes based on the four regions of the country, we found:

  1. Homes in the West have always enjoyed a higher market value than the three other regions of the Country. The difference between the average value of homes in the West as compared to the homes in the North East over the past decade stands at 15%.
  2. Homes in the North East have on average enjoyed the second largest market value over the same time period between 2005 and 2014.
  3. The South now comes in third in terms of average market value beating out the Mid-West. What is interesting to note here is that homes in the South used to be dead last in terms of the market value in the mid 2000's but that began changing after 2007.
  4. Finally we find that homes in the Midwest on average have had the lowest market value - we think that this had a lot to do with the decline of manufacturing jobs.

Additionally what we find is hat there is has been little or no appreciation in average market value of homes in any of these regions:

  1. Homes in the West declined 8.4% in market value from 2005 to 2014.
  2. Homes in the North East saw a 2.6% decline in their market value.
  3. In the South average home prices actually showed a modest increase of 3.1%
  4. And finally in the Midwest the average market value of a home registered a very tepid increase of 1.3%

When we overlay this analysis with the population and household statistics summary of Kent county, it is not surprising at all to see that the state of Michigan hasbenefited slightly from folks moving into mid-west.. The increase in population of 6.7% over 35 years in Michigan and over 27.1% in Kent county during the same time period is a validation of the larger national trends being seen in housing.

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