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:
- The average market value of owned home by a 1 person consumer unit.
- The average market value of owned home by a 2 person consumer unit.
- The average market value of owned home by a 3 person consumer unit.
- The average market value of owned home by a 4 person consumer unit.
- 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:
- Go to the Corresponding Template section for this industry.
- Go to the Corresponding Questionnaire section for this industry.
Small Business Owner Resource Center
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.
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.
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!
The Business Loan Application covers every item you will need in your loan package and tells you how to get approved for business loans.
Fire your loan broker and use our Free Business Loans Bank / Lender Directory to find every bank in the country lending to small businesses.
If you are looking to start a business - look no further. Check out the Free Incorporation Guide discussion and the State Incorporation Resource Directory.
