One Political Party is Better for Real Estate Values, But There's a Catch

Everything is getting dragged into this highly-charged political season, even real estate appreciation.

An eight-year study by Attom Data Solutions revealed that homes in democratically-controlled congressional districts appreciated at a higher rate than those in republican congressional districts-- 21 percent versus 10 percent.

The average rate of return for all 435 congressional districts between 2008 and 2016 was $59,467 in democratic areas, and $22,086 in republican ones.  

Generally, homes in democratic districts cost more to purchase and their property tax rate is fractionally higher as well,  an average of $1.07 versus $1.02.

In what may foretell next month's general election, the findings are reversed in the political battleground states.  In Colorado, Florida, Iowa, Michigan, Nevada, New Hampshire, North Carolina, Ohio, Pennsylvania, Virginia and Wisconsin,  republican districts outperformed democratic ones in 7 out of 11 states.  In nearby New Hampshire for example, the percentage of ROI was 26 percent in GOP congressional districts versus 16 percent for democratic ones. 

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