Pricing spikes in opportunity zone redevelopment areas kept pace with rising home values nationally in the second quarter, a new analysis from ATTOM reveals.
Median home price values rose annually by at least 15% nationally, and increases in opportunity zones were on par with those outside of the zones. In a new report, ATTOM analyzed 5,236 zones across the United States with sufficient sales data to analyze, meaning they had at least five home sales in the second quarter of 2021.
ATTOM's research found that median single-family home prices increased from the second quarter of 2020 to the second quarter of 2021 in 75 percent of opportunity zones and rose by at least 15 percent in about half of those regions.
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