U.S. Home Prices Near Opportunity Zones Well Below National Average

According to a special report by ATTOM Data Solutions that analyzed qualified Opportunity Zones established by the U.S. Congress in the Tax Cuts and Jobs act of 2017, found that roughly 80 percent 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. The report further compared Opportunity Zones to surrounding regions and found that median Q2 2019 prices in about one in four zones were less than 50 percent of the typical value in the Metropolitan Statistical Areas where they exist.