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11 places where home prices will probably increase after the GOP tax bill goes into effect

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  • The Republican tax bill passed Congress on Wednesday, and President Donald Trump signed it into law on Friday.
  • National home prices are expected to take a hit across the country.
  • But certain housing markets might see a small boost, especially in rural areas in states including Alaska, Texas, New Mexico, and North and South Dakota.

 

The Republican tax bill passed Congress on Wednesday, and President Donald Trump signed it into law on Friday

National home prices are expected to take a hit under tax reform. The impact is most severe for high-priced homes, especially in parts of the country where a greater number of people itemize their taxes.

But, according to new data from Moody's Analytics, housing markets in some rural areas of the country might see a small boost.

Below are the counties that are expected to see home prices rise by at least 1% between now and summer 2019, as a result of tax reform, according to research from Moody's Analytics. They are located in Colorado, North and South Dakota, Texas, Alaska, Montana, and Nebraska.

We also pulled median home prices, median rent prices, and median household incomes for many of these counties, based on recent Census data.

SEE ALSO: National home prices are expected to take a hit after tax reform — and two rich, blue states are the biggest losers

San Juan County, Colorado — 1.0%

Median home value: $224,100

Median rent: $1,069

Median household income: $41,250

 

Source: Moody's Analytics, Census



Corson County, South Dakota — 1.0%

Median home value: $56,000

Median rent: $414

Median household income: $32,115

 

Source: Moody's Analytics, Census



Kusilvak Census Area and Lake and Peninsula Borough in Alaska — 1.1%

Kusilvak Census Area:

Median home value: $101,300

Median rent: $607

Median household income: $38,160

Source: Moody's Analytics, Census



See the rest of the story at Business Insider

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