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 2005, we find that the market value of home owned by 2 person unit was $186,502 - 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 more people working and therefore a higher household income naturally translates into better affordability and 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. We also 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 2014 as well.

In 2015 the market value of a home which had 4 people in it was valued at $197,397 - during that same year the market value of home with 2 people in it on average was valued at $189,615.

In terms of price appreciation, we find that the greatest increase in the market value of homes has been in those homes that have 1 person living in it. These homes saw a 5.7% increase over the decade as compared to decline of 11% in homes housing more than 5 people.

The difference in the national average home market value of homes for 5+ consumer units households minus 1 person consumer unit households is 89%. Interestingly when we make the same comparison between 2 person consumer unit households versus 1 person consumer unit households, we find that the home values of 2 person unit households is actually 94% higher on average over the years than the market value of homes belonging to 1 person consumer units.

From the perspective of offering cleaning services it is important to note that there is a direct relationship between the number of people living in a house or and amount of clean up required - the more the number of people in a house, the longer it takes to clean. Anthony, Christine and Sofia are well aware of this nuance given their many years of experience and they will be sure to ask that question of their clients before submitting estimates.

Quick Links:

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