GITNUX MARKETDATA REPORT 2024

Home Inspection Industry Statistics [Fresh Research]

In this post, we will explore a comprehensive set of statistics that shed light on various aspects of the home inspection industry. From market projections and industry revenue to education requirements and customer satisfaction rates, these statistics offer valuable insights into the key factors shaping the home inspection landscape. Let’s dive in and uncover the numbers behind this essential sector.

Statistic 1

"The global home inspection market is projected to reach $24.3 billion by 2026, at a CAGR of 4.7%."

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Statistic 2

"The average home inspection can range from $300 to $500."

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Statistic 3

"The home inspection industry in the US has an annual revenue of approximately $3.3 billion."

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Statistic 4

"The U.S. home inspection industry employs around 37,805 individuals."

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Statistic 5

"As of October 2020, demand for home inspection services had risen by 40% in the United States and Canada."

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Statistic 6

"It takes an average of 60-120 hours of education to become a licensed home inspector in the US."

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Statistic 7

"Approximately 60% of home inspections find significant defects."

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Statistic 8

"The US home inspection industry has an annual growth rate of 6.9% between 2016 and 2021."

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Statistic 9

"Inspection prices can vary from $200 to over $1,000, depending on the size and location of the property."

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Statistic 10

"The states with the highest employment of home inspectors are California, Florida, and Texas."

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Statistic 11

"Home inspectors earn an average of $62,860 per year in the US."

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Statistic 12

"Approximately 63% of homebuyers find that their home inspection was an important factor in their purchasing decision."

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Statistic 13

"99% of real estate agents in the United States recommended that their clients have a home inspection."

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Statistic 14

"About 85% of homebuyers are satisfied with their home inspection experience."

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In conclusion, the home inspection industry is a thriving and essential sector that continues to show steady growth and demand. With a projected global market value of $24.3 billion by 2026 and an annual revenue of approximately $3.3 billion in the US, the industry offers substantial economic opportunities. The statistics reveal varying inspection prices, employment figures, and the importance of home inspections in the real estate market. It is evident that home inspections play a crucial role in the purchasing decisions of buyers, supported by the high satisfaction rates and recommendations from both homebuyers and real estate agents. The industry’s consistent growth rates and the significant number of individuals employed as home inspectors underscore the ongoing importance and impact of this profession.

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