The third annual Environmental Hazards Housing Risk Index from ATTOM Data Solutions, a fused property database, finds about 25% of single-family homes and condos in areas analyzed are located in high-risk zip codes.
Indeed, single-family homes and condos in high-risk zip codes totaled 17.3 million and came to an estimated value of $4.9 million.
“Home values are higher and long-term home price appreciation is stronger in zip codes without a high risk for any of the four environmental hazards analyzed,” ATTOM Senior Vice President Daren Blomquist said. “Corresponding to that is a higher share of homes still seriously underwater in the zip codes with a high risk of at least one environmental hazard, indicating those areas have not regained as much of the home value lost during the downturn.”
The 8,642 zip codes analyzed were put on a scale dividing them into give categories of risk: Very low, low, moderate, high and very high for each of the four environmental hazards; these are superfunds, brownfields, polluters and/or poor air quality.
The report showed the highest-risk brownfield zip codes posted the highest share of underwater homes and the weakest home price appreciation. The zip codes at high risk of superfund showed the highest foreclosure rates. The higher the polluter risk, the less home price gains a zip code saw, and those with high risk air quality showed weak long-term price appreciation.
Here are the top ten most dangerous zip codes, with the highest possible score of 1,000 and each hazard making up 25% of the total score:
10. 33619 – Tampa, Florida
Risk Index: 285
The median home price sits at $88,000 with a five-year home price acceleration of 104.7%. The average seller gained 23.9% on their home sale. About 27.5% of homeowners are seriously underwater with a foreclosure rate of 1.4%.
9. 19526 – Hamburg, Pennsylvania
Risk Index: 287
The median home price sits at $148,250 with a five-year home price acceleration of 15.3%. The average seller gained 33% on their home sale. About 9.6% of homeowners are seriously underwater with a foreclosure rate of 0.7%.
8. 91752 – Mira Loma, California
Risk Index: 291
The median home price sits at $425,000 with a five-year home price acceleration of 70.3%. The average seller gained 54.5% on their home sale. About 3.4% of homeowners are seriously underwater with a foreclosure rate of 0.3%.
7. 63133 – Saint Louis, Missouri
Risk Index: 291
The median home price sits at $17,000 with a five-year home price acceleration of -2.9%. The average seller gained -55% on their home sale. About 45.4% of homeowners are seriously underwater with a foreclosure rate of 0.2%.
6. 14303 – Niagara Falls, New York
Risk Index: 294
The median home price sits at $27,750 with a five-year home price acceleration of -0.9%. The average seller gained 13.3% on their home sale. About 10.8% of homeowners are seriously underwater with a foreclosure rate of 0.2%.
5. 93725 – Fresno, California
Risk Index: 339
The median home price sits at $158,000 with a five-year home price acceleration of 58%. The average seller gained 37.4% on their home sale. About 16.2% of homeowners are seriously underwater with a foreclosure rate of 0.4%.
4. 90670 – Santa Fe Springs, California
Risk Index: 356
The median home price sits at $435,000 with a five-year home price acceleration of 52.6%. The average seller gained 36.4% on their home sale. About 3.4% of homeowners are seriously underwater with a foreclosure rate of 0.5%.
3. 21226 – Curtis Bay, Maryland
Risk Index: 380
The median home price sits at $153,822 with a five-year home price acceleration of 2.5%. The average seller gained 3.4% on their home sale. About 14.4% of homeowners are seriously underwater with a foreclosure rate of 0.7%.
2. 92408 – San Bernardino, California
Risk Index: 400
The median home price sits at $197,500 with a five-year home price acceleration of 105.7%. The average seller gained 36.2% on their home sale. About 13.3% of homeowners are seriously underwater with a foreclosure rate of 0.6%.
1. 80216 – Denver, Colorado
Risk Index: 455
The median home price sits at $227,609 with a five-year home price acceleration of 250.2%. The average seller gained 75.1% on their home sale. About 4.9% of homeowners are seriously underwater with a foreclosure rate of 0.2%.