California, Hawaii and Massachusetts Have the Highest Share of Homeowners Who Would Benefit if Capital Gains Tax is Eliminated

• More than a quarter of U.S. homes have gained at least $250,000 in value since the last time they were purchased, with 8% having gained more than $500,000. Owners of these homes stand to benefit if the capital gains tax was eliminated.
• The median value of homes that have gained at least $250,000 in value is $720,111, while the median value of homes that have gained at least $500,000 is $1,229,076.
• California, Hawaii and Massachusetts have the highest share of homes that have gained $250,000 or $500,000. Mississippi, North Dakota and Iowa have the smallest share.
• Nine out of 10 homes in Anaheim, CA have gained more than $250,000 in value, the most of any major metro. Detroit has the smallest share (5.1%).

More than one in four (25.9%) U.S. homes have gained at least $250,000 in…