Pools May Add a Splash to Home Value
August 23, 2019
Swimming pools can help to significantly boost a home price. A new study from LendingTree shows that homes with pools are valued 54% higher than those without one.
The median home with a pool is valued at $469,187, while the median home without a pool is valued at $305,152, according to the study. The highest premium for a swimming pool was found in Memphis, with a value of 157% higher than homes without one.
Pools are still a relatively rare amenity in markets across the country. Only about 10% of homes in the U.S. have a swimming pool among the 50 largest cities studied.
Warmer climates tend to have the most. For example, in Phoenix, 33% of homes have a swimming pool compared to just 1% in Portland, Ore. Six of the top 10 cities for swimming pools are in the West.
“Swimming Pools Are a Highly Prized Amenity Amid the Summer Heat,” LendingTree (Aug. 21, 2019)
Updated: April 21, 2021