Housing Recovery Ongoing in Many ZIP Codes

The communities hit hardest by the housing crisis are still recovering a decade later. One-third of U.S. housing markets' homes are still recovering their value.

New analysis finds that in 19 of the 35 biggest housing markets, homes in ZIP codes that had fewer foreclosures recovered more and faster than homes in "high-foreclosure ZIPs," in fact, the gap between the recovery rates is in the double digits, per Zillow. In 12 of the 19 metros, median home values have recovered the value lost from the crash.

An average person would likely conclude that the U.S. housing market has recovered from the crash that began just over a decade ago. And in many ways, they’d be right: The nation’s median home is now worth 9.8 percent more than it was at its peak prior to the housing bust, and half of all U.S. homes are worth at least as much as they were at the peak of the housing bubble.

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