B
ased on ATTOM's recent report on Opportunity Zones, the median price for single-family homes and condos increased in 61% of analyzed zones from Q1 to Q2 2024. Year-over-year, prices were up in 62% of these zones. During the Spring home buying season, nearly half of the Opportunity Zones experienced price jumps of over 10% both quarterly and annually. These trends reflect consistent patterns over the past three years, where home values in Opportunity Zones have moved in tandem with broader national trends. The recent price increases were more pronounced in higher-priced zones and less so in the lowest-priced neighborhoods. Despite economic challenges, most Opportunity Zones had home values significantly below national averages in Q2 2024. Median prices in 80% of these zones were less than the U.S. median of $365,000, consistent with trends over the past three years.