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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 theConsumer Expenditure Surveys. To learn more, see "Consumer Expenditures — 2016" (HTML) (PDF) and the Consumer Expenditure Surveystables.
United States Department of Labor
