10 States Set for a Housing Price Surge Under the Big Beautiful Bill—Is Yours One?

10 States Set for a Housing Price Surge Under the Big Beautiful Bill—Is Yours One?

Anna Lena Kuhn, M.Sc.

New York

New York (image credits: flickr)
New York (image credits: flickr)

With high property taxes and a significant number of residents who itemize deductions, New York homeowners stand to benefit from the increased SALT cap, potentially driving up housing demand and prices.

New Jersey

New Jersey (image credits: unsplash)
New Jersey (image credits: unsplash)

Similar to New York, New Jersey’s high property taxes mean the SALT cap increase could lead to heightened demand in the housing market, influencing price trends.

California

California (image credits: unsplash)
California (image credits: unsplash)

The elevated SALT cap offers relief to California homeowners facing high state and local taxes, which may stimulate housing market activity and affect pricing.

Connecticut

Connecticut (image credits: pixabay)
Connecticut (image credits: pixabay)

Connecticut residents, particularly in high-tax areas, could see increased housing demand due to the SALT deduction changes, impacting home values.

Massachusetts

Massachusetts (image credits: unsplash)
Massachusetts (image credits: unsplash)

The state’s substantial property taxes mean the SALT cap adjustment may lead to increased buyer interest, potentially raising home prices.

Illinois

Illinois (image credits: pixabay)
Illinois (image credits: pixabay)

With considerable property tax burdens, Illinois homeowners may benefit from the SALT deduction changes, influencing housing market dynamics.

Maryland

Maryland (image credits: unsplash)
Maryland (image credits: unsplash)

The increased SALT cap could provide tax relief to Maryland residents, possibly leading to heightened demand in the housing sector.

Oregon

Oregon (image credits: unsplash)
Oregon (image credits: unsplash)

Oregon’s high state income taxes mean the SALT deduction changes may affect homeowners’ tax liabilities, potentially impacting housing affordability and demand.

Rhode Island

Rhode Island (image credits: unsplash)
Rhode Island (image credits: unsplash)

Residents may experience tax relief from the SALT cap increase, which could influence housing market activity and pricing.

Vermont

Vermont (image credits: rawpixel)
Vermont (image credits: rawpixel)

The state’s property tax structure means the SALT deduction adjustments could affect homeowners’ finances, possibly impacting housing demand and prices.

These states, characterized by higher state and local taxes, are likely to see shifts in their housing markets as a result of the “One Big Beautiful Bill Act.” The increased SALT deduction cap provides tax relief to many homeowners, which can enhance purchasing power and stimulate demand, potentially leading to higher home prices and rents. Additionally, provisions aimed at expanding affordable housing may influence supply dynamics, further affecting market conditions.

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