In the U.S., states that have legalized recreational cannabis have experienced greater home value appreciation than states where it remains illegal. Since 2009, homes in legal states gained an average of $222,958 in value, surpassing the $162,631 increase in illegal states. As of 2024, the average home in recreational cannabis states is valued at $447,635, which is 39% higher than in non-recreational states. Nine out of ten states with the highest home value increases have legalized cannabis, showing a strong correlation between legalization and increased property values.
According to a report from Clever Offers, states with legalized recreational cannabis have seen significantly higher home value appreciation than those that haven't, with a difference of $60,327 since 2009.
The average home in a recreational cannabis state is worth $447,635, which is about 39% higher than the $320,904 average in non-recreational states, suggesting cannabis legalization boosts home values.
Home values in states with legal recreational use have climbed by an average of $222,958 since 2009, compared to just $162,631 in states where cannabis remains illegal.
Of the ten states that saw the largest home value increases since 2009, nine have legalized cannabis in some form, indicating a strong correlation between legalization and property value appreciation.
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