Some additional evidence on the topic.

Race determines home values more today than it did in 1980

New research into how a neighborhood’s home values are impacted by its racial composition reveals that appraisals were affected to a larger extent by race in 2015 than in 1980 — to the financial detriment of homeowners in majority-Black and majority-Hispanic neighborhoods.

Using Census Bureau data from 1980-2015, the study from Junia Howell and Elizabeth Korver-Glenn shows that during that period, homes in white neighborhoods appreciated in value, on average, almost $200,000 more than comparable homes in neighborhoods of color.

Primarily, the reason for the large disparity lies in “contemporary appraisal practices,” according to Howell and Korver-Glenn; in particular, “the use of the sales comparison approach has allowed historical racialized appraisals to influence contemporary values and appraisers’ racialized assumptions about neighborhoods to drive appraisal methods.”

Shame on us.