RealtyTrac released today its Second Annual Manmade Environmental Hazards Housing Risk Report, which analyzed 7,751 ZIP codes throughout the nation and measured five environmental hazards: air quality, superfund sites, brownfields, former drug labs and polluters. RealtyTrac broke down the risk into five categories, ranging from very high to very low.

According to the report:

  • More than one-third of all U.S. single family homes and condos, or 25 million, are in ZIP codes at high risk or very high risk for manmade environmental hazards.
  • Home sales prices in ZIP codes with high risk are in 2015 are 15 percent lower compared to homes in ZIP codes with low risk
  • Home prices in high-risk ZIP codes are 1.8 percent lower on average than 10 years ago, while home prices in low-risk ZIP codes are 5.3 percent higher

In Los Angeles County, 278, or 99 percent, of ZIP codes are at high or very high risk. In the past 10 years, the median home sales price decreased 2 percent.

Nearby Orange County has 99 ZIP codes, or 100 percent, Riverside County has 13 ZIP codes, or 100 percent, and Ventura County has 10 ZIP codes, or 38 percent, in high or very high risk.

“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, in a statement.

“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.”

The 12 major markets with no ZIP codes at high risk for manmade environmental hazards include Albuquerque, N.M.; Anchorage, Ala.; Cape Coral-Fort Myers, Fla.; Charleston, S.C.; Myrtle Beach, S.C.; Naples, Fla.; Palm Bay, Fla., Port St. Lucie, Fla.; Provo-Orem, Utah; Salinas, Calif.; Santa Rosa, Calif.; and Winston-Salem, N.C.

The metro areas that saw the highest percentage of ZIP codes with a high risk include Riverside-San Bernardino, Calif.; Akron, Ohio; Cleveland; Stockton, Calif.; Louisville, Ky.; Reading, Pa.; Toledo, Ohio; El Paso, Texas; Los Angeles; Kansas City; Grand Rapids, Mich.; and Bakersfield, Calif.

image006

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Prepare for this fall with top agents & brokers at Connect Now this Tuesday.GET YOUR TICKET×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription