Nearly $5 trillion worth of single-family homes and condos are located in areas that could be affected by superfunds, brownfields, polluters, or poor air quality.
A recent report from ATTOM Data Solutions found that 17.3 million U.S. homes are situated in zip codes that are considered at risk for environmental hazards. The figure represents roughly a quarter of all the homes analyzed.
Cities that have the highest risk include Denver, San Bernardino, Calif., St. Louis, and suburbs of Baltimore and Los Angeles.
“Home price appreciation over the past five years was actually stronger in the higher-risk zip codes, which could reflect the strong influence of investors during this recent housing recovery,” said Daren Blomquist, senior vice president at ATTOM Data Solutions.
Advertisement
Related Stories
Market Data + Trends
Vacation and Investment Home Market Insights
A recent report finds beach homes to be the most sought-after vacation-home type and that the investment potential of a second home is an important factor in the purchasing decision
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
Affordability
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable