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IRVINE, CA—It is not unexpected that home prices in Opportunity Zones are low. What may be unexpected is how much lower they are compared to other parts of the country. That is one of the findings of a report by ATTOM Data Solutions, which looked at nearly 3,100 zones with sufficient sales data to analyze, which included areas with at least five home sales in the second quarter of 2019 as well as an average of at least five sales per quarter since Q3 2018.

The analysis found that roughly 80% of those zones had median home prices in the second quarter of 2019 that were below the national figure of $266,000 and that half had median prices of less than $150,000.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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