Monday, December 21, 2015

RealtyTrac Reports Median Home Prices 15 Percent Higher in Zips with Low Risk Than Zips with High Risk


Daren Blomquist
IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, released its second annual Manmade Environmental Hazards Housing Risk Report, which shows 25 million U.S. homes are in zip codes at high risk or very high risk for manmade environmental hazards — representing 38 percent of the 64 million homes in all zip codes analyzed.

The combined estimated market value of the 25 million homes in high risk or very high risk zip codes was $6.9 trillion as of November.

 “Buying a home in an area with low risk of manmade environmental hazards may not just be a good idea for health and safety reasons; it may also be good for financial reasons,” said Daren Blomquist, vice president at RealtyTrac.

“Across the country, home prices in high risk zip codes were lower on average, and appreciation over the last 10 years slower when compared to home prices and 10-year appreciation in low risk zip codes.”

For a complete copy of the company’s news release, please contact:    

Jennifer von Pohlmann
Sr. Data PR Manager
Office: 949.502.8300 ext 139

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