What's Hot: The Georgetown Wall is Still For Sale | HPO Recommends Approval For Office-to-Residential Conversion in Dupont
The Two DC Opportunity Zones Where Home Prices Went Up at Least 50%
Over the past year, the third since Opportunity Zones first debuted, home prices have gone up in 75% of the so-designated census tracts nationwide.
This insight comes courtesy of the latest Opportunity Zones (OZ) report from ATTOM, which also says that year-over-year median prices went up by at least 15% in half of the OZ tracts studied. A lot of this increase may be a byproduct of the high-demand housing market, however.
story continues below
loading...story continues above
“Values kept rising inside specially designated Opportunity Zones at around the same rate as they did in other areas even as the Coronavirus pandemic continued causing economic hardship,” Todd Teta, ATTOM chief product officer, said in the report.
In the District, the 7603 Opportunity Zone (south of Pennsylvania Avenue SE and southeast of Alabama Avenue and Naylor Road) had the highest year-over-year price increase of 54.3%, from $159,900 in the second quarter of 2020 to $246,750 in the second quarter of 2021.
Tract 9102 (Brentwood between New York and Rhode Island Avenues, 18th Street NE and the train tracks) came in second, with prices going up by 50.1% from $433,000 to $650,000. Out of the remaining 10 OZs, six had home price growth of 10% or less year-over-year.
The report uses census tract home price data and OZ census tracts were included if there were at least five sales in the second quarter of 2021; UrbanTurf typically applies a 10-sale minimum to ensure more accurate conclusions.
See other articles related to: attom data solutions, dc home prices, home prices, opportunity zones
This article originally published at https://dc.urbanturf.com/articles/blog/the-two-dc-opportunity-zones-where-home-prices-went-up-at-least-50/18601.
Most Popular... This Week • Last 30 Days • Ever

The listing will hit the market on Wednesday, according to the Washington Business Jo... read »

Here are some precautions to take before buying real estate with a buddy.... read »

The concept for the residential conversion of a prominently sited building in Dupont ... read »

About a month ago, UrbanTurf examined how condo and co-op prices were driving home pr... read »

Even though flipping is not as prevalent in the city as it used to be, there are sti... read »
- Inside Bradley Beal's $10 Million Bethesda Home
- Buying with Friends: What You Should Know
- HPO Recommends Approval For 157-Unit Office-to-Residential Conversion Proposed in Dupont Circle
- More Down Than Up: A Look at Detached Home Prices Around DC
- Home Flipping Drops in DC, But Three Zip Codes Are Still Seeing Profits
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro