Home Prices Rose in 54.6% of Census Tracts in Q3
by ATTOM Team
ATTOM released its third-quarter 2025 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017. In this report, ATTOM looked at 3,724 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the third quarter of 2025.
The analysis found that median single-family home and condo prices rose quarter-over-quarter in half (49.7%) of the Opportunity Zones with sufficient data in both quarters. Compared to the third quarter of 2024, median home prices rose in 54.6% of Opportunity Zones.
The third quarter of 2025 saw 11.3% of opportunity zones (422) hit their highest median home price since the Great Recession in 2008. And typical home prices rose by at least 10% year-over-year in 36.2% of Opportunity Zones with sufficient data to analyze.
“Opportunity Zones were just as likely to see home prices grow as neighborhoods outside these zones, showing these areas are also benefitting from this sustained rise in home prices,” said Rob Barber, CEO of ATTOM. “But many of these zones still have a long way to go, since their median sales prices are well below areas that haven’t been targeted for development.”
Opportunity Zones are defined in the Tax Act legislation as census tracts in or alongside low-income neighborhoods that meet various criteria for redevelopment in all 50 states, the District of Columbia and U.S. territories. Census tracts, as defined by the U.S. Census Bureau, cover areas that have 1,200 to 8,000 residents, with an average of about 4,000 people.
Median home prices also rose in 54.6% of census tracts outside of Opportunity Zones, meaning that tracts inside the zones were equally as likely to see price growth as those outside the zones.
However, median prices inside Opportunity Zones continue to be much lower than those outside. The typical home sales price was above the national median of $370,000 in only 20% of Opportunity Zone tracts.
Half of the Opportunity Zone census tracts (49.9%) had median sales prices below $225,000 in the third quarter of 2025.
Due to the small number of sales in many Opportunity Zones, median price measurements can be very volatile. The typical sales prices rose or fell by more than 5% year-over-year in 80% of Opportunity Zone tracts.
Among states with at least 25 Opportunity Zones with sufficient data to analyze, Arkansas had the highest share of Opportunity Zones where median home prices grew year-over-year (median prices rose in 76% of the state’s Opportunity Zones).
