Travis County home prices up 9 percent

​​TRAVIS COUNTY – Area home values for 2016 are up an average of 9 percent, the Travis Central Appraisal District said yesterday.

Preliminary figures show the average market value for homes with a homestead exemption rose to $387,537 from $355,312 last year.

The average taxable home value (market value minus exemptions) increased 8.7 percent to $285,335 from $262,462 last year.

Last year, the average residential market value rose 11 percent over 2014, and the average taxable home value was up about 9 percent.

This year, overall preliminary taxable values increased 20 percent from 2015 levels.

The total value for the combined residential and commercial roll rose to $164 billion from $137 billion, led by increases in commercial values.