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U.S. Home Value and Income Data Show Some Easing of Economic Struggle
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U.S. Home Value and Income Data Show Some Easing of Economic Struggle

California and Florida still dominate the list of Top 10 counties for home value losses in 2010, but throughout the U.S., there are signs of improvement. Median home value decreased in only 31% of U.S. counties between January 2009 and January 2010 compared to home values declined in 54% of U.S. counties the prior year. This measure suggests that home values may be beginning to stabilize at the county level, according to Nielsen demographic analysis.

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This year’s analysis found that nine out of the top 10 counties for median home value losses were in California, led by Marin County; while the top home value gainer in 2010 went to Dare County, North Carolina. Other states whose counties were on the top 10 home value gains list include Virginia, Wyoming, Idaho, Hawaii, Oregon and Utah.

Median household income also showed signs of stabilization with an increase in 88% of U.S. counties, compared to 74% in the previous year. This measure suggests that incomes are also stabilizing in the aftermath of the economic recession in 2008/2009. Goochland, Fairfax City, Powhatan and King George counties in Virginia led the gainers in 2010. Top losers in household income came from McKinley County, New Mexico; Broomfield County, Colorado and East Feliciana Parish in Louisiana.

Top U.S. Counties: Household Income Gain
RANK County Name State Name
1 Goochland County Virginia
2 Fairfax city Virginia
3 Powhatan County Virginia
4 King George County Virginia
5 Uintah County Utah
6 Garfield County Colorado
7 Jefferson County West Virginia
8 Lincoln County Wyoming
9 Schleicher County Texas
10 Sully County South Dakota
Source: The Nielsen Company

Top U.S. Counties: Household Income Loss
RANK County Name State Name
1 McKinley County New Mexico
2 Broomfield County Colorado
3 East Feliciana Parish Louisiana
4 Starke County Indiana
5 Jasper County South Carolina
6 Gilmer County Georgia
7 Calvert County Maryland
8 Shelby County Texas
9 Tillamook County Oregon
10 Leflore County Mississippi
Source: The Nielsen Company

Top U.S. Counties: Home Value Gain
RANK County Name State Name
1 Dare County North Carolina
2 Blaine County Idaho
3 Kauai County Hawaii
4 Curry County Oregon
5 King George County Virginia
6 Culpeper County Virginia
7 Teton County Wyoming
8 Iron County Utah
9 Campbell County Wyoming
10 Uintah County Utah
Source: The Nielsen Company

Top U.S. Counties: Home Value Loss
RANK County Name State Name
1 Marin County California
2 Monroe County Florida
3 San Mateo County California
4 Santa Cruz County California
5 San Francisco County California
6 San Benito County California
7 Santa Clara County California
8 Los Angeles County California
9 Orange County California
10 Alameda County California
Source: The Nielsen Company

The analysis also revealed that population decreased in 43% of U.S. counties between 2009 and 2010. These levels of county population change are similar to changes seen with recent demographic releases. Wayne County, Michigan topped the list of population losers, which is consistent with the economic downturn and job losses seen in the Detroit area.