Home values in Democrat-held districts appreciate twice as much as those in Republican-held districts

Whatever your political views might be, one thing is clear – it’s better to be a homeowner under a Democrat-controlled congressional district than a Republican-controlled one, at least if you’re hoping your property will see its value appreciate.

A new study from ATTOM Data Solutions, the parent company of real estate analysis firm Redfin, has shown that homeowners in Democrat-controlled districts have seen their home’s value appreciate by more than twice as much as those living in Republican-controlled districts.

Out of 2.4 million single-family homes purchased eight years ago, those in Democrat areas have seen their values increase by an average of $59,467 since being bought, which represents a 21 percent return on investment. In contrast, homes in Republican-controlled areas have only achieved a 10 percent return on investment over the same time frame.

However it’s not all doom and gloom for those in Republican-controlled districts. They might not have such high returns, but they do pay less property taxes – $2,514 on average representing a 1.02 effective tax rate compared to $3,659 representing a 1.07 percent tax rate for homeowners in Democrat-controlled districts.

Counter to the national trend, seven of the 11 battleground states in the 2016 presidential election have produced better ROI for homeowners in Republican-controlled districts.

ATTOM Data Solutions looked at home values, appreciation, property taxes and equity for 2.4 million single family homes purchased eight years ago, broken down by congressional district.

Mike Wheatley

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at mike@realtybiznews.com.

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