What kind of home does a college education get you? [Infographic]

June 1, 2015 by Gina Thelemann in Articles

As we navigate the post-recession economy, the affordability and pay-off of post-secondary education is being questioned by economists, politicians and even students themselves.

But the Bureau of Labor Statistics is reporting that advanced education is still leading to an increase in employment and earnings. As of April 2015, Americans with bachelor’s degrees had an unemployment rate of 3.5%, and earned a median income of $1,101 per week. Meanwhile, Americans with some college (but no degree) and those with a high school diploma both had a 6% unemployment rate -- but those with some college earn $3,800 more annually than those with only a high school diploma.

The lesson?

It seems we are returning to an economy where post-secondary education is rewarded with more job prospects and better pay. While this may not mean a swift end to the “Starbucks barista with a master’s degree” phenomenon, it could provide piece of mind for those worried about the long-term benefits of paying for a degree.

This week's data

We looked at the cream of the crop this week, illuminating the median home prices of the top ten most educated cities in the country. Note that the median home price nationwide in April was $171,700.

Methodology

  • Market = CBSA
  • Percent with degree = Percentage of population whose highest education attainment is
    • 2-year degree
    • 4-year degree
    • Master’s degree
    • Professional degree
    • Ph.D
  • Median Home Value= Median price at sale of homes in this area


SmartZip is the leader in big data and predictive analytics for the real estate industry.

Ready to put predictive analytics to work for you? Get exclusive access to the homeowners most likely to sell in your area. Check to see if your territory is still available.


comments powered by Disqus

Back to all posts

Recent posts

Algorithm, Shmalgorithm: How agents can still dominate on Facebook in 2018​

February 21, 2018 by SmartZip

Were you, like most agents, shocked and scared when you heard that...

Tinder for real estate? How digital matchmaking could change the game for agents

February 14, 2018 by Judy McHargue

We get it. You’ve heard a lot about predictive analytics, but every...

Going for the Gold: 3 Things Agents Can Learn from Olympic Bobsledders

February 9, 2018 by Judy McHargue

If you’re anything like us, you’re channeling the Olympic spirit...

Check listing predictions in your territory

Get started