According to ATTOM Data Solutions’ newly released Q1 2021 Special Report, spotlighting county-level housing markets around the U.S. that are more or less vulnerable to the impact of the virus pandemic, states along the East Coast, as well as Illinois, were most at risk in Q1 2021 – with clusters in the New York City, Chicago and southern Florida areas – while the West continued to face less risk.
ATTOM’s most recent Coronavirus housing impact analysis revealed that first-quarter trends generally continued those found in 2020, but with smaller concentrations around several major metro areas. The reported noted the number of counties among the top 50 most at-risk was down in the New York, NY; Philadelphia, PA and Washington, D.C. metro areas.
The report also noted the only three western counties in the top 50 during Q1 2021 were in northern California, while the only southern state outside of the East Coast with more than two counties in that group was Louisiana.
ATTOM’s Q1 2021 analysis reported that 22 of the 50 counties least vulnerable to pandemic-related problems from among the 552 included in the Q1 report were in Colorado, Minnesota, Wisconsin and Texas. The report noted that ten of them were in the Denver, CO; Dallas, TX, and Minneapolis, MN, metro areas, including Hennepin County (Minneapolis), MN; Dallas County, TX; Tarrant County (Fort Worth), TX; Denver County, CO, and Arapahoe County (Aurora), CO.
Also, according to the most recent Coronavirus housing impact report, other housing markets among the top-50 least at-risk, with a population of 500,000 or more, included Harris County (Houston), TX; King County (Seattle), WA; Mecklenburg County (Charlotte), NC; Wake County (Raleigh), NC and Erie County (Buffalo), NY.
In this post, we take a closer look at those Western housing markets least vulnerable to the impact of the Coronavirus pandemic in Q1 2020, among those counties with a population of 500,000 or more, to reveal the top 10 counties and the various contributing factors.
The top 10 larger housing markets in the West that were least vulnerable to the impact of the Coronavirus pandemic in the first quarter of 2021 included:
Arapahoe County, CO (#535 overall ranking out of 552 counties)
- 7% of income needed to buy
- 1% underwater
- 01% of properties with foreclosure filings
Denver County, CO (#533 overall ranking)
- 4% of income needed to buy
- 8% underwater
- 00% of properties with foreclosure filings
Spokane County, WA (#529 overall ranking)
- 3% of income needed to buy
- 9% underwater
- 01% of properties with foreclosure filings
King County, WA (#519 overall ranking)
- 8% of income needed to buy
- 5% underwater
- 01% of properties with foreclosure filings
Washington County, OR (#518 overall ranking)
- 2% of income needed to buy
- 6% underwater
- 01% of properties with foreclosure filings
Multnomah County, OR (#514 overall ranking)
- 9% of income needed to buy
- 4% underwater
- 00% of properties with foreclosure filings
Jefferson County, CO (#503 overall ranking)
- 9% of income needed to buy
- 1% underwater
- 00% of properties with foreclosure filings
El Paso County, CO (#497 overall ranking)
- 1% of income needed to buy
- 4% underwater
- 01% of properties with foreclosure filings
Maricopa County, AZ (#479 overall ranking)
- 1% of income needed to buy
- 7% underwater
- 02% of properties with foreclosure filings
Snohomish County, WA (#468 overall ranking)
- 7% of income needed to buy
- 3% underwater
- 01% of properties with foreclosure filings
Want to learn more about your area’s vulnerability to the impact of the Coronavirus pandemic? Contact us to find out how!
