Hays County home values jump 12 percent

HAYS COUNTY – Home values in Hays County increased more than 12 percent for 2015, mirroring the double-digit increases seen in Travis and Williamson counties where housing demand also remains strong.

Across Hays County, the average residential market value rose to $198,246 from $176,319 last year, a 12.4 percent increase.

The taxable value of homes in the county — market value minus exemptions — increased 12.8 percent, to $193,246 from $171,319 last year.

The cities of Kyle and Buda saw large percentage increases in home values due to strong demand and a limited supply of homes on the market. Taxable home values in Buda soared about 20 percent, to $204,601 from $170,596 last year, while Kyle’s jumped about 17 percent, to $156,536 from $133,879 last year.

The overall preliminary market value for all properties — residential and commercial — rose to $19.56 billion this year, up 14.9 percent from $17.03 billion in 2014, Valle said. Commercial and industrial property increased in value by 15.9 percent, to $1.9 billion from $1.6 billion in 2014, he said.

Apartment properties saw the biggest jump in value, rising 31 percent to $1.3 billion from $995 million last year.

Below are the average taxable home values in the local school districts and Hays County.

*Values for 2015 are preliminary.

Source: Hays Central Appraisal District