Industry News

Homeowner satisfaction grows despite crime

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Despite a rise in reported crime from 2003, American homeowners are very satisfied with their neighborhoods, thanks in part to improving home values, according to 2005 American Housing Survey microdata released Monday by the U.S. Census Bureau and the Department of Housing and Urban Development. On a scale of 1 (worse) to 10 (best), the percentage of householders who rated their neighborhood an 8 or above (70.4 percent) was up about 1 percentage point from 2003, the last time these data were collected. The Midwest (72.6 percent) had the highest rate among regions, the data revealed. The percentage of householders who reported crime in their neighborhoods rose from 14.6 percent in 2003 to 15.1 percent in 2005. The median home value rose from $140,201 in 2003 to $165,344 in 2005, a 17.9 percent increase. For homes built in the last four years, the median value climbed 26.7 percent in the two-year period, rising from $186,939 to $236,864. Additional examples of findings: Monthly housi...