DataMarkets & Economy

Homes in Democrat-run congressional districts show higher returns, report shows

Republican districts tend to offer lower property taxes, according to Attom Data Solutions
  • Attom Data Solutions studied home values and appreciation since 2008 and property tax rates in both Republican and Democratic congressional districts across the country.
  • Of the 2.4 million single-family homes purchased eight years ago, those within Democrat-controlled congressional districts realized a 21 percent ROI.
  • Homeowners within Republican-controlled congressional districts saw a 10 percent ROI over the last eight years.

The Presidential race may be top-of-mind this election season, but another crucial election takes place this November: representation for all 435 congressional districts. All members of the House of Representatives are up for re-election this year, and a new study from Attom Data Solutions suggests why homeowners should pay close attention to their ballot picks. Of the 2.4 million single-family homes purchased eight years ago, those within Democrat-controlled congressional districts realized a 21-percent home value return of $59,467, on average, Attom illustrated in its latest report. Meanwhile, homeowners within Republican-controlled congressional districts saw a lesser 10-percent average ROI over the last eight years, or $22,086. Keep in mind, the report shows the average home value of Democrat-run districts tends to run higher, at $340,544 -- while the average home value in Republican-run districts is $247,443. The average property tax rate in Republican di...