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Spectora Market Update July 2024

Olivia Oksenhorn 7/19/24 8:16 AM

Welcome to the first edition of the Spectora monthly market update blog post. Each month, we'll provide a detailed look into various aspects of the home inspection industry, breaking down key metrics and data points to keep you informed.

This month, we focus on the average inspection quotes nationwide and regionally, as well as the most and least expensive ZIP codes for home inspections. Here's how the industry is looking as of July of 2024.

National and Regional Average Inspection Quotes

Understanding the average cost of home inspections can help inspectors, real estate professionals, and homeowners make informed decisions.

As of July 2024, the national average quote for a home inspection is $483 dollar, which is up from $462 in 2023. 

Date National average home inspection quote
August 2024 $483
   

The average quote for a home inspection varies regionally, however. The Northeast sees the highest average quote at $575, while the South sees the lowest average quote at $447. 

Region average home inspection quote
Northeast $575
West $494
Midwest $453
South $447
   

** Regions determined by the National Association of Realtors (NAR)

Top 10 Most Expensive ZIP Codes for Home Inspections

Think that a home inspection can't be over $1,000? Think again. All but one of the most expensive average inspection quotes clock in at over $1,000.  ZIP codes in Florida, Texas, Arizona, Hawaii, and Colorado take the cake for the highest average inspection quotes as of July 2024. 

*** note that all data is from ZIP codes where the inspection count was greater than 500. 

ZIP Code County and cities

average quote

33401 West Palm Beach, Palm Beach County, FL $1,534
77024 Bunker Hill Valley and Houston, Harris County, Texas $1,525
77005 West University Place, Southside Place, and Houston, Harris County, Texas $1,339
77019 Houston, Harris County, Texas $1,334
85253 Paradise Valley, Scottsdale, and Phoenix, Maricopa County, Arizona $1,253
81632 Edwards, Avon, Wolcott, and Fulford, Eagle County, CO $1,177
80439 Evergreen and Upper Bear Creek, Jefferson County, CO $1,097
96743 Waimea, Waikoloa Village, Puako, Kawaihae, and Waikui, Hawaii County, HI $1,047
34957 Jensen Beach, Stuart, Port St. Lucie, Ocean Breeze, and Rio, Martin County, FL $1,022
81657 Avon and Vail, Eagle County, CO $916
     

Top 10 Cheapest ZIP Codes for Home Inspections

Where are home inspections the cheapest in 2024?

With the exception of Payne County, Oklahoma, all of the lowest average inspection quotes came from The Sunshine State. Osceola County, FL boasted the cheapest average inspection quote at $181. 

*** note that all data is from ZIP codes where the inspection count was greater than 500. 

ZIP Code County and cities

average quote

74074 Stillwater, Ingalls, and Mehan, Payne County, OK $224
33810 Lakeland, Kathleen, and Socrum, Polk County, FL $221
32818 Pine Hills, Ocoee, Hiawassee, and Orlovista, Orange County, FL $216
32837 Hunters Creek, Orange County, FL $214
33813 Lakeland, Lakeland Highlands, and Medulla, Polk County, FL $214
33870 Sebring, Highlands County, FL $210
33830 Bartow, Alturas, Polk County, FL $209
33809 Lakeland, Polk County, FL $208
33898 Highland Park, Lakeshore, Nalcrest, Alcoma, and Fedhaven, Polk County, FL $182
34743 Kissimmee and Buena Ventura Lakes, Osceola County, FL $181
     

Data Methodology

Spectora's Market Update leverages data from thousands of home inspectors and millions of home inspections, making it the largest database in the home inspection software sector. While representing a substantial industry cross-section, it does not claim to encompass the entire sector.

The dataset, sourced solely from Spectora, ensures privacy by excluding any and all personally identifying information. All figures are rounded to the nearest whole number or dollar amount for precision. Florida data may be skewed due to the inclusion of 4-point inspections. Geographical divisions and regions align with NAR standards. National inspection volumes are based on published reports. The dataset comprises US-based inspectors, including DC and excluding Puerto Rico, and omits data from inspectors outside the United States.

Read Spectora’s complete privacy policy here.

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