Report Shows Relationship Between Registered Criminal Offenders And Home Prices

By Dennis Norman, on March 17th, 2016

This morning RealtyTrac released a report identifying neighborhoods with higher rates of registered criminal offenders (including sex offenders, child predators, kidnappers and violent offenders) and then comparing the housing statistics for those neighborhoods to ones with lower rates of registered criminal offenders. For the report, cities were given an index, from 0 to 100, with a higher value indicating a higher percentage of offenders, then these cities were sorted into five categories, based upon their index, from Very High Offender Rate to Very Low Offender rate.

The findings from this report are below:

Cities in the U.S. at the top of the Very High offender index were Greenville, South Carolina (73 percent); Columbia, South Carolina (66 percent); Boise, Idaho (66 percent); Pensacola, Florida (60 percent); and Flint, Michigan (57 percent).
Cities in the U.S. where more than one-fourth of all homes were in zip codes with a Very High offender index included Detroit (39 percent), Nashville (32 percent), San Antonio (31 percent), St. Louis (31 percent), and Tampa (26 percent).
Cities at the top of the Very Low offender index were Minneapolis-St. Paul (90 percent); Portland, Oregon (88 percent); Trenton, New Jersey (62 percent); New York (61 percent); and Boston (52 percent).
The higher the offender index, the lower the home value and amount of equity:
- The average home value in zip codes with a Very Low offender index is $512,841, more than three times higher than home values in zip codes with a Very High offender index which have an average value of $157,844.
- The average home owner in zip codes with a Very Low offender index has 29 percent equity, nearly three times the average equity of just 10 percent for homeowners living in zip codes with a Very High offender index.

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