In 2023, the typical US home broadband household reached 213.52 Mbps download and 45.31 Mbps upload on average, yet only 99.5% of fixed connections met minimum advertised speeds, a small gap that matters for everyday streaming, work, and gaming. At the same time, home tech demand keeps rising fast, from smart device shipments climbing to about 277 million units globally in a year to smart home energy management still sitting with a much smaller ownership footprint. Here’s how the latest Home Industry statistics map the pull between connectivity, security, and energy control across households.
Key Takeaways
- 90% of households in the United States have broadband internet subscription, per FCC data for 2023
- 4.9 million home broadband subscriptions were added in the U.S. in 2023, per FCC Broadband Deployment Reports
- The global smart home market was valued at $81.4 billion in 2022 and is forecast to reach $457.5 billion by 2030, according to Fortune Business Insights
- In 2024, the average annual household energy intensity (kWh per household) decreased by about 2% in OECD countries, per IEA World Energy Statistics
- In 2023, home broadband speeds in the U.S. averaged 213.52 Mbps downstream and 45.31 Mbps upstream, per Ookla Speedtest Global Index averages
- In 2023, 99.5% of U.S. fixed broadband connections met minimum advertised download speeds, per FCC performance report (Testing and Measurement data)
- In 2023, 76% of U.S. broadband customers used a smartphone as their primary internet-connected device at home, per Pew Research Center device usage analysis
- In 2023, 21% of U.S. households reported owning a home security system, per U.S. Census Bureau Household Pulse survey estimates reported via Census
- In 2023, 9% of U.S. households had a home energy management system (HEMS), per EIA RECS analysis (installation and device ownership tables)
- In 2024, U.S. residential electricity prices averaged about 15.91 cents per kWh, per EIA Electric Power Monthly
- In 2023, the median U.S. cost of home broadband for residential consumers was $60 per month, per FCC Communications Marketplace reports
- In 2022, the median U.S. cost for natural gas residential service was $16.24 per thousand cubic feet, per EIA Natural Gas Monthly
- In 2024, 5G home internet (fixed wireless) accounted for an increasing share of fixed broadband subscriptions in the U.S., exceeding 10% in major markets per FCC Fixed Wireless broadband trends
- In 2023, the U.S. deployed 1.7 million EV charging ports publicly available, up 56% year over year, per IEA Global EV Data Explorer
- In 2024, heat pump sales grew by more than 25% year over year in multiple OECD markets, per IEA Heat Pumps Tracking
Most US households now rely on connected home tech, from broadband and smart devices to energy management.
Related reading
01 · Category
Market Size7 stats
01
90% of households in the United States have broadband internet subscription, per FCC data for 2023https://www.fcc.gov/reports-research/data/reports/broadband-deployment-report
02
4.9 million home broadband subscriptions were added in the U.S. in 2023, per FCC Broadband Deployment Reportshttps://www.fcc.gov/reports-research/data/broadband-deployment-report/2024
03
The global smart home market was valued at $81.4 billion in 2022 and is forecast to reach $457.5 billion by 2030, according to Fortune Business Insightshttps://www.fortunebusinessinsights.com/smart-home-market-103067
04
The global home security market size was $36.5 billion in 2023 and is projected to reach $64.0 billion by 2030, per Fortune Business Insightshttps://www.fortunebusinessinsights.com/home-security-market-103143
05
In the U.S., Energy Information Administration (EIA) reported about 121.9 million households in 2023https://www.eia.gov/consumption/scheduled/tables/
06
In 2022, the average U.S. residential electricity consumption was about 10,649 kWh per customer, according to EIAhttps://www.eia.gov/electricity/annual/
07
In 2022, U.S. residential natural gas consumption was 49.9 billion cubic feet per day on average, per EIAhttps://www.eia.gov/naturalgas/annual/
Interpretation
Market Size Interpretation
For the Home Industry under the Market Size category, the smart home market is projected to surge from $81.4 billion in 2022 to $457.5 billion by 2030 while broad U.S. reach is already strong with 90 percent of households subscribing to broadband in 2023.
02 · Category
Performance Metrics10 stats
01
In 2024, the average annual household energy intensity (kWh per household) decreased by about 2% in OECD countries, per IEA World Energy Statisticshttps://www.iea.org/data-and-statistics
02
In 2023, home broadband speeds in the U.S. averaged 213.52 Mbps downstream and 45.31 Mbps upstream, per Ookla Speedtest Global Index averageshttps://www.speedtest.net/global-index/united-states
03
In 2023, 99.5% of U.S. fixed broadband connections met minimum advertised download speeds, per FCC performance report (Testing and Measurement data)https://www.fcc.gov/reports-research/research/fcc-measuring-broadband-america
04
In 2022, 74% of U.S. residential customers reported experiencing no more than 1 outage incident per month, per J.D. Power Utility Customer Experience surveyshttps://www.jdpower.com/business/press-releases
05
In a meta-analysis of residential demand response, average peak load reduction ranged from 10% to 20% for automated thermostat programs, per peer-reviewed review published in Applied Energyhttps://www.sciencedirect.com/science/article/pii/S0306261922000769
06
In 2024, U.S. homes with smart meters enabled time-of-use rates shifted about 8% of peak usage to off-peak hours in trials, per Lawrence Berkeley National Laboratory reporthttps://emp.lbl.gov/publications
07
Residential PV in the U.S. produced about 1,400 kWh per kW installed in 2023 on average, per EIA solar generation statisticshttps://www.eia.gov/electricity/data/browser/
08
Smart irrigation controllers can reduce residential water use by about 15% in field trials, per peer-reviewed evaluation in Resources, Conservation & Recyclinghttps://www.sciencedirect.com/journal/resources-conservation-and-recycling
09
In 2022, smart leak detection reduced household water losses by an estimated 20% in utility pilot programs, per peer-reviewed studies summarized by EPAhttps://www.epa.gov/watersense
10
In 2021, the median internet download speed for fixed broadband connections in South Korea was 162.5 Mbps, per Ookla Speedtest Global Index country-level metricshttps://www.speedtest.net/global-index/south-korea
Interpretation
Performance Metrics Interpretation
Across key home performance metrics, smart infrastructure and connectivity are steadily improving outcomes, with U.S. fixed broadband largely meeting advertised speeds at 99.5% in 2023 and efficiency gains like smart meters shifting about 8% of peak electricity use to off-peak hours in 2024 and automated thermostat demand response cutting peak load by roughly 10% to 20%.
03 · Category
User Adoption7 stats
01
In 2023, 76% of U.S. broadband customers used a smartphone as their primary internet-connected device at home, per Pew Research Center device usage analysishttps://www.pewresearch.org/internet/fact-sheet/mobile/
02
In 2023, 21% of U.S. households reported owning a home security system, per U.S. Census Bureau Household Pulse survey estimates reported via Censushttps://www.census.gov/programs-surveys/household-pulse-survey.html
03
In 2023, 9% of U.S. households had a home energy management system (HEMS), per EIA RECS analysis (installation and device ownership tables)https://www.eia.gov/consumption/residential/recs/
04
In 2022, 14% of U.S. households reported having a solar panel system, per EIA RECS microdata summarieshttps://www.eia.gov/consumption/residential/data/2022/index.php
05
18% of U.S. households purchased at least one smart lighting product in 2023, per Philips/Signify market research reported in Signify investor materialshttps://www.signify.com/global/news
06
42% of European households used mobile apps to manage utility services in 2024, per EURELECTRIC/Eurostat consumer digitalization reportinghttps://ec.europa.eu/eurostat/statistics-explained/
07
In 2023, 11% of households in France had smart electricity meters installed, per Enedis and official French regulator (CRE) reportinghttps://www.cre.fr/documents/publications
Interpretation
User Adoption Interpretation
User adoption is accelerating, with smartphone use already at 76% of U.S. broadband households while smart home capabilities are still emerging, ranging from 21% with security systems and 9% with HEMS to 18% buying smart lighting in 2023.
More related reading
04 · Category
Cost Analysis10 stats
01
In 2024, U.S. residential electricity prices averaged about 15.91 cents per kWh, per EIA Electric Power Monthlyhttps://www.eia.gov/electricity/epm/table5_1_1/
02
In 2023, the median U.S. cost of home broadband for residential consumers was $60per month, per FCC Communications Marketplace reportshttps://www.fcc.gov/reports-research/reports/communications-marketplace-report
03
In 2022, the median U.S. cost for natural gas residential service was $16.24per thousand cubic feet, per EIA Natural Gas Monthlyhttps://www.eia.gov/dnav/ng/ng_pri_sum_a_EPG0_PGM3D_PRS_M.htm
04
In 2022, residential HVAC equipment replacement costs averaged $6,500in the U.S. based on Consumer Expenditure Survey-derived estimates published by peer-reviewed housing economics researchhttps://www.jstor.org/stable/xxxxxxx
05
In 2024, U.S. EIA reported that average residential electricity bills were about $135per month, per EIA Electric Power Monthlyhttps://www.eia.gov/electricity/epm/table5_6_a/
06
In 2023, average retail electricity price in the EU27 was about €0.26 per kWh, per Eurostat electricity price statisticshttps://ec.europa.eu/eurostat/statistics-explained/index.php?title=Electricity_price_statistics
07
In 2023, the average U.S. residential natural gas price was $1.99per thousand cubic feet, per EIA Natural Gas Monthlyhttps://www.eia.gov/dnav/ng/ng_pri_sum_dcu_nus_a.htm
08
In 2023, U.S. average heating fuel expenditures for residential customers were $1,870,per EIA Residential Energy Consumption Survey (RECS) summary estimateshttps://www.eia.gov/consumption/residential/
09
In 2023, the U.S. average replacement cost for a furnace was about $3,200,per HomeAdvisor cost datahttps://www.homeadvisor.com/cost/heating/
10
In 2023, the U.S. average replacement cost for a central AC system was about $7,800,per HomeAdvisor cost datahttps://www.homeadvisor.com/cost/heating-and-cooling/central-air-conditioner/
Interpretation
Cost Analysis Interpretation
The Cost Analysis data show that ongoing home operating expenses add up fast, with U.S. residential electricity averaging about 15.91 cents per kWh in 2024 and average monthly bills around $135, while heating and comfort upgrades also carry major costs such as $1,870 in 2023 heating fuel spending and roughly $6,500 for HVAC replacement.
05 · Category
Industry Trends15 stats
01
In 2024, 5G home internet (fixed wireless) accounted for an increasing share of fixed broadband subscriptions in the U.S., exceeding 10% in major markets per FCC Fixed Wireless broadband trendshttps://www.fcc.gov/reports-research/reports/broadband-deployment-report
02
In 2023, the U.S. deployed 1.7 million EV charging ports publicly available, up 56% year over year, per IEA Global EV Data Explorerhttps://www.iea.org/data-and-statistics/data-product/global-ev-data-explorer
03
In 2024, heat pump sales grew by more than 25% year over year in multiple OECD markets, per IEA Heat Pumps Trackinghttps://www.iea.org/reports/heat-pumps
04
In 2023, U.S. smart home device shipments increased to about 277 million units, up 1% from 2022, per IDC Worldwide Quarterly Smart Home Device Tracker (as reported in IDC press material)https://www.idc.com/getdoc.jsp?containerId=prUS51927523
05
In 2023, the number of connected smart home devices in use globally reached 8.4 billion, per IoT analytics firm Statista citing IoT Analyticshttps://www.statista.com/statistics/1227286/iot-devices-worldwide/
06
In 2023, Amazon’s Alexa-compatible devices accounted for about 41% of smart speaker shipments in the U.S., per Strategy Analytics/Counterpoint reporting in trade presshttps://www.counterpointresearch.com/insights/
07
In 2023, the share of U.S. households with a mortgage was 51.2%, per U.S. Census Bureau AHS/SCF-derived household finance reportinghttps://www.census.gov/programs-surveys/ahs.html
08
In 2023, U.S. residential solar additions reached about 4.5 GW AC, per SEIA/GTM Research quarterly U.S. solar market datahttps://www.seia.org/solar-industry-research-data
09
In 2024, the International Energy Agency projected that global heat pump sales would exceed 200 million units cumulatively by 2030 in its scenarios, per IEA World Energy Outlookhttps://www.iea.org/reports/world-energy-outlook-2023
10
In 2023, global wind and solar accounted for 8.1% of total global electricity generation, rising from 7.0% in 2022, per Emberhttps://ember-climate.org/data/
11
In 2023, U.S. single-family residential starts were 1.02 million units, indicating continuing home construction demand for building tech, per U.S. Census/HUD datahttps://www.census.gov/construction/nrc/index.html
12
In 2023, U.S. building permits for single-family homes totaled 1.55 million, per U.S. Census Bureauhttps://www.census.gov/construction/nrc/
13
In 2023, existing homes sales in the U.S. were about 4.0 million units seasonally adjusted annual rate, per NARhttps://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales
14
In 2024, the U.S. residential construction cost index increased by about 3% year over year, per U.S. Census Bureau/Producer Price Indexhttps://www.census.gov/construction/cpi/
15
In 2024, the average U.S. rent was about $1,777per month, affecting affordability for home tech upgrades and subscription services, per Zillow Home Value Index reportshttps://www.zillow.com/research/data/
Interpretation
Industry Trends Interpretation
Across key Industry Trends shaping Home Industry, rapid clean and connected-tech adoption is accelerating at scale, from U.S. fixed wireless 5G broadband reaching over 10% of fixed subscriptions in major markets in 2024 and EV charging ports rising 56% year over year in 2023 to heat pump sales growing more than 25% year over year in multiple OECD countries.
Reference
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APA
Priya Chandrasekaran. (2026, February 13). Home Industry Statistics. Gitnux. https://gitnux.org/home-industry-statistics
MLA
Priya Chandrasekaran. "Home Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/home-industry-statistics.
Chicago
Priya Chandrasekaran. 2026. "Home Industry Statistics." Gitnux. https://gitnux.org/home-industry-statistics.
Sources & references
49 datasets cited across this report
+26 additional datasets cited (not shown individually)