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Grow It Goal 7
Family-owned housing stock increases in value throughout the community.
Common Sense
- Static and declining housing values can lead to family and community economic decline – and reduce tax revenues needed to support good schools and services.
- Absentee ownership of property can siphon off economic value in some rural communities.
Fast Facts
- The median value of a home nationwide is $120,000, while the median value of a home in non-metropolitan areas is $81,000. REF
- 53% of non-metropolitan homeowners are without a mortgage, compared to 38% of metropolitan homeowners. REF
Check out related Action Ideas and Alerts below! Or view other Grow It goals here.