Majority of U.S. households estimate decreased home market values from 2006 to 2016

March 06, 2018

U.S. households in most income groups estimated a decrease in the average market values of their homes from 2006 to 2016. Only households in the second 20 percent of income estimated an increase in the average market value of their homes over that period, from $98,979 in 2006 to $102,084 in 2016.

Estimated market value of owned home by income group, annual average, 2006–2016
Quintile of income All households Lowest 20 percent Second 20 percent Middle 20 percent Fourth 20 percent Highest 20 percent

2006

$183,212 $71,754 $98,979 $138,025 $211,303 $395,615

2007

$182,336 $71,984 $100,591 $133,283 $211,006 $394,403

2008

$169,794 $67,147 $98,402 $136,398 $188,352 $358,345

2009

$157,630 $64,007 $93,249 $130,426 $174,757 $325,434

2010

$155,083 $57,423 $92,064 $123,211 $173,902 $328,790

2011

$151,165 $59,982 $86,295 $118,383 $170,008 $321,159

2012

$149,574 $56,749 $91,501 $112,605 $160,847 $325,831

2013

$154,907 $58,467 $93,379 $112,303 $162,893 $347,681

2014

$160,814 $62,811 $95,299 $122,290 $177,717 $345,877

2015

$162,749 $62,288 $91,916 $118,317 $175,944 $364,204

2016

$172,263 $63,932 $102,084 $128,788 $186,282 $380,958

Households in the fourth 20 percent of income had the largest estimated percentage decrease in home values from 2006 to 2016, at 11.8 percent. Households in the highest income group had the smallest estimated percentage decrease, 3.7 percent.

These data are from the Consumer Expenditure Surveys. To learn more, see "Consumer Expenditures — 2016" (HTML) (PDF) and the Consumer Expenditure Surveys tables.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Majority of U.S. households estimate decreased home market values from 2006 to 2016 on the Internet at https://www.bls.gov/opub/ted/2018/majority-of-u-s-households-estimate-decreased-home-market-values-from-2006-to-2016.htm (visited June 25, 2018).

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