Median prices of single-family homes and condos stayed the same or decreased in 52% of qualified Opportunity Zones from Q4 2022 to Q1 2023. Almost half fell at least 3%.
This is according to ATTOM’s Q1 2023 Opportunity Zones Report.
Prices increased by at least that much in about 40% of those markets.
In 79% of the zones analyzed, median first-quarter prices were less than the U.S. median of $321,135.
In 55% of those zones, median prices remained less than $200,000.
On a quarterly basis, the states with the greatest portions of opportunity zones where median prices declined or stayed the same were:
States where at least half the zones still saw quarterly increases were
The report also named 10 zones with homes priced below the national average, but that saw prices almost double in the past year. These zones are:
- Delaware, IN (from $21,798 in Q1 2022 to $43,440 in Q1 2203)
- Caroline County, MD (from $86,000 in Q1 2022 to $170,000 in Q1 2023)
- Montgomery County, OH (from $60,000 in Q1 2022 to $117,831 in Q1 2023)
- Jefferson County, AL (from $26,500 in Q1 2022 to $52,000 in Q1 2023)
- Tulsa County, OK (from $117,500 in Q1 2022 to $230,000 in Q1 2023)
- Venango County, PA (from $49,058 in Q1 2022 to $96,000 in Q1 2023)
- Northumberland County, PA (from $18,500 in Q1 2022 to $36,000 in Q1 2023)
- Cook County, IL (from $70,500 in Q1 2022 to $137,000 in Q1 2023)
- Muscogee County, GA (from $55,500 in Q1 2022 to $107,500 in Q1 2023)
- Ross County, OH (from $91,000 in Q1 2022 to $175,194 in Q1 2023)