Smart homes by the numbers
Thinking about investing in smart home devices? We break down the data on this growing trend.
Smart home, smart investment
Installing smart features can reduce your home costs, and may net you money when it’s time to sell.
80 million smart home devices were delivered worldwide in 2016, a 64% increase from 2015.1
More than one in four American adults have smart home products. 2
The savings can add up
45% of people with smart home devices say the products save them money — an average of $1,100 per year. 2
57% say the products also save them time — an average of 30 minutes per day. 2
Smart thermostats can result in saving 10–12% on heating bills and 15% on cooling bills — $131–145 total savings annually.3
Qualified devices may make you eligible for rebates or discounts from:
• Homeowners insurance companies
• Local law enforcement
• Utility companies
Appealing to future buyers
81% of current smart-home device owners say they would be more willing to buy a home with smart tech in place.4
33% of surveyed real estate agents found that homes with smart home technology sell faster than homes without.5
72% of homeowners age 18 to 34 would pay more for smart home features.6
Popular smart home features
• Security. Locks and alarm systems controlled by your phone.
• Lighting. Wirelessly control and schedule lights with the touch of a button.
• Smoke detectors. Alerts you if a smoke detector goes off when you’re not home.
• Thermostats. Thermostats you can control via your smartphone. They can sense when no one is home and adjust, reducing energy bills.
• Appliances. Advanced features and coordinating apps in everything from refrigerators and microwaves to washers and dryers.