Home Facts, Figures and Interesting Tidbits that Affect Your Home’s Value

  1. The average new single family home has 2,150 square feet and is a 3/2.5.
  2. The average new home has a garage, fireplace, separate dining and three miscellaneous rooms.
  3. The average new home is in a neighborhood where groceries are within 15 minutes.
  4. A full third bathroom adds $4,300 to a home’s value.
  5. The average new home in a Southern suburb is $203,874.
  6. Being waterfront adds $90,000 to a home’s value.
  7. Being near public transportation adds $26,000 to a home’s value.
  8. Adding 500 sf of living space adds $13,000.
  9. BUT, if that extra space is a bedroom or miscellaneous room, it adds under $10,000.
  10. Removing a fireplace reduces home values by $24,000.
  11. An abandoned building within half a block reduces a home’s value by $28,000.
  12. Without shopping nearby, metal bars on windows, poor roads or bad smells can hurt a homes value by more than $6,000.
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