McLennan Appraisal District MCAD Residential Property Trends

Residential Property Overview in McLennan appraisal County

The residential property market in McLennan Appraisal County continues to thrive, reflecting its robust growth and appeal. The 2024 Certified Appraised Value of McLennan County was $43,954,272,509, showcasing the county’s strong real estate market and increasing property values. The McLennan County Appraisal District (MCAD) plays a crucial role in assessing property values to ensure fair taxation and accurate valuations. For property owners, understanding the McLennan appraisal process is essential, especially when considering property tax protest or property tax reduction strategies.

McLennan appraisal
McLennan appraisal

McLennan County Residential Property Market

  • The McLennan County housing market is expanding, offering both single-family and multifamily homes.
  • There are 74,300 single-family homes valued at $19.99 billion, showing steady growth.
  • Multifamily properties total 2,889 accounts, contributing $2.07 billion in value.
  • With around 77,500 single-family homes and 3,000 multifamily units, the county remains a prime residential area.

The McLennan County Tax Appraisal Office oversee property assessments, ensuring transparency in valuations while supporting property tax protests for fair taxation.

McLennan County Home Sales and Price Trends

  • Home sales saw steady growth from 2010 to 2020, peaking around 2020, before experiencing a decline in 2022.
  • Average home prices have consistently increased, surpassing $330,000 in 2022, reflecting strong appreciation in property values.
  • The housing market remains dynamic, with fluctuating sales but a clear upward trend in pricing, making McLennan County a key real estate market.

The McLennan County housing market has seen steady growth in home sales and property values over the years. While the number of home sales has fluctuated, average prices have risen significantly, reflecting increasing demand and property appreciation.

McLennan appraisal
McLennan appraisal
McLennan appraisal

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