Median single-family home and condominium prices increased from the first quarter of 2020 to the first quarter of 2021 in 75% of Opportunity Zones, according to ATTOM Data Solutions.
In addition, median home prices increased in 54% of the zones from Q4 2020 to Q1 2021. By comparison, median prices rose annually in 78% of census tracts outside of Opportunity Zones and quarterly in 55 percent of them.
Additionally, ATTOM found that median home prices rose by at least 10% year-over-year in close to two-thirds of Opportunity Zones. ATTOM said these trends closely followed patterns happening outside of Opportunity Zones. By comparison, home prices also rose that much during that time period in 58% of other census tracts throughout the country.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
