fbpx

Zillow: Home values remain low in vast majority of formerly redlined neighborhoods

Zillow, April 25, 2018: Home values remain low in vast majority of formerly red ined neighborhoods

Home values in the vast majority of neighborhoods that were “redlined” as hazardous for mortgage lending by the federal government 80 years ago are lower now than in areas rated more highly.

A new Zillow analysis looking back to 1996 shows that at that time, the median home value in redlined neighborhoods was 47.1 percent that of the areas rated “best” – and the gap has worsened since then. The median home value in the “best” neighborhoods has risen 230.8 percent to $640,238 over the past 22 years, whereas the median value in the areas rated “hazardous” has climbed only 203.1 percent, to $276,199.

It’s a striking example of how discrimination – financial and racial – codified nearly a century ago continues to affect homeowners and whole communities.

Print Friendly, PDF & Email
Scroll to Top

Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

Complete the form to download the full report: