11 places where home prices will probably increase after the GOP tax bill goes into effect

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arthur county nebraska Wikimedia Homeowners in these places may see a boost thanks to tax reform.

  • The Republican tax bill passed Congress on Wednesday , and President Donald Trump signed it into law on Friday.
  • National home prices are expected to take a hit across the country .
  • But certain housing markets might see a small boost, especially in rural areas in states including Alaska, Texas, New Mexico, and North and South Dakota .

The Republican tax bill passed Congress on Wednesday, and President Donald Trump signed it into law on Friday .

National home prices are expected to take a hit under tax reform. The impact is most severe for high-priced homes, especially in parts of the country where a greater number of people itemize their taxes.

But, according to new data from Moody's Analytics, housing markets in some rural areas of the country might see a small boost.

Below are the counties that are expected to see home prices rise by at least 1% between now and summer 2019, as a result of tax reform, according to research from Moody's Analytics. They are located in Colorado, North and South Dakota, Texas, Alaska, Montana, and Nebraska.

We also pulled median home prices, median rent prices, and median household incomes for many of these counties, based on recent Census data.

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San Juan County, Colorado — 1.0%

San Juan County, Colorado — 1.0%

Median home value: $224,100

Median rent: $1,069

Median household income: $41,250

Source: Moody's Analytics, Census

Corson County, South Dakota — 1.0%

Corson County, South Dakota — 1.0%

Median home value: $56,000

Median rent: $414

Median household income: $32,115

Source: Moody's Analytics, Census

Kusilvak Census Area and Lake and Peninsula Borough in Alaska — 1.1%

Kusilvak Census Area and Lake and Peninsula Borough in Alaska — 1.1%

Kusilvak Census Area:

Median home value: $101,300

Median rent: $607

Median household income: $38,160

Source: Moody's Analytics, Census

Petroleum County, Montana — 1.1%

Petroleum County, Montana — 1.1%

Median home value: $83,000

Median rent: $484

Median household income: $38,250

Source: Moody's Analytics, Census

Sioux and Slope counties, North Dakota — 1.1%

Sioux and Slope counties, North Dakota — 1.1%

Sioux County:

Median home value: $74,300

Median rent: $450

Median household income: $39,539

Source: Moody's Analytics, Census

Wheeler, McPherson, Loup, Keya Paha, Hayes, Grant, Blaine, Banner, and Arthur counties in Nebraska — 1.1%

Wheeler, McPherson, Loup, Keya Paha, Hayes, Grant, Blaine, Banner, and Arthur counties in Nebraska — 1.1%

McPherson County:

Median home value: $147,900

Median rent: $642

Median household income: $53,750

Keya Paha County:

Median home value: $79,000

Median rent: $540

Median household income: $43,333

Source: Moody's Analytics, Census, Census

Harding County, New Mexico — 1.1%

Harding County, New Mexico — 1.1%

Median home value: $65,800

Median rent: $506

Median household income: $32,404

Source: Moody's Analytics, Census

Ziebach, Todd, Oglala Lakota, Mellette, Harding, and Buffalo counties in South Dakota — 1.1%

Ziebach, Todd, Oglala Lakota, Mellette, Harding, and Buffalo counties in South Dakota — 1.1%

Oglala Lakota County:

Median home value: $19,800

Median rent: $464

Median household income: $26,330

Mellette County:

Median home value: $44,400

Median rent: $395

Median household income: $29,471

Source: Moody's Analytics, Census, Census

Terrell, Motley, Loving, King, Kent, and Kenedy counties in Texas — 1.1%

Terrell, Motley, Loving, King, Kent, and Kenedy counties in Texas — 1.1%

Terrell County:

Median home value: $64,600

Median rent: $737

Median household income (2012-2016): $24,821

Kent County:

Median home value: $72,900

Median rent: $492

Median household income: $50,625

Source: Moody's Analytics, Census, Census

Aleutians East Borough, Alaska — 1.1%

Aleutians East Borough, Alaska — 1.1%

Median home value: $124,500

Median rent: $939

Median household income: $65,296

Source: Moody's Analytics, Census

Yakutat Borough, Alaska — 1.2%

Yakutat Borough, Alaska — 1.2%

Median home value: $165,800

Median rent: $975

Median household income: $66,875

Source: Moody's Analytics, Census

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