Home prices in many designated Opportunity Zones are rising in line with home prices in the broader market but, as always with real estate, it’s a matter of location, location, location.
A new report from ATTOM highlighted the levels of distress in such zones. “Median household incomes in 86 percent of the Opportunity Zones analyzed were less than the medians in the counties where they were located. Median incomes were less than three-quarters of county-level figures in 52 percent of those zones and less than half in 13 percent.”
Nevertheless, the national trend of rising home prices impacted many of these zones as well.
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