The NAHB recently released its 2018 estimates for home improvement spending across the country.
The report, which analyzed over 26,000 U.S. zip code areas, found that homeowners working on renovations will spend an average of $7,893 per home in 2018. The NAHB’s Eye on Housing blog reports that zip codes that will see spending of $11,000 or more tend to be clustered in the Northeast, and areas with less than $5,500 spent on average were spread out across the Great Plains.
At the very top are 17 zip codes where estimated spending per improved home is over $18,000. Ten of these are in the New York-Newark-Jersey City Metropolitan Statistical Area, two are in Fairfield County, Connecticut; and one is in a suburb of Boston. Of the remaining four, two are zip codes on Lake Michigan in Cook County north of Chicago, and two are close-in suburbs of San Francisco.