Taylor County Tax Appraisal District Residential Property Market Trends

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Impact of Higher Interest Rates on Property Values in Taylor County

  • Mortgage rates have risen sharply from their historical lows, now sitting between 7.0% and 7.5%.
  • The significant interest rate hikes between February 2022 and July 2023, which pushed the Fed Funds Rate to 5.50%, have affected property valuations in Taylor County Appraisal District.
  • These higher interest rates are making housing less affordable, which may lead to a slowdown in the local housing market.

As of April 1, 2024, mortgage rates have reached levels not seen in recent years, driven by Federal Reserve actions, putting pressure on housing affordability and influencing market trends, as seen in the Taylor County CAD property assessments.

Trends in Housing Inventory in Taylor County Tax Appraisal

  • The housing inventory in the region grew from just 2.6 months in January 2025 to 3.3 months by December 2025, offering more options for potential buyers.
  • This marks a significant increase compared to only 1.3 months of supply in January 2025, based on Taylor County Central Appraisal District data.
  • The rise in available properties has helped stabilize the market, keeping median and average home prices steady compared to last year.

Over the past two years, the shift in housing inventory has had a noticeable effect on home prices and overall market stability, as reflected in local property assessments.

Single-Family Home Market Overview in Taylor County

  • Single-family home construction saw a steep decline from 25,000 homes in 2007 to just 10,000 by 2011, as shown in appraisal data.
  • Although construction has been rising since 2011, it has yet to fully recover to pre-recession levels, signaling a slow but steady rebound.
  • Since 2020, the number of new housings starts has surged, with new construction values climbing even faster, as reflected in the Taylor County Tax Appraisal data.

These shifts in construction trends and property values highlight the dynamic changes in County’s housing market, offering homeowners and buyers valuable insights into its evolving landscape.

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