Hays County residential market values increased 47.2% in 2022 compared to last year, according to the Hays Central Appraisal District.
Residential multi-family property market values grew from $2.49 billion in Hays County in 2021 to $3.66 billion this year. Commercial and industrial real property increased in market value by 40.86% — $3.58 billion in 2021 to $5.05 billion in 2022. The overall market value of Hays County’s 2022 preliminary appraisal roll increased to $58.86 billion compared to $38.41 billion in 2021 — a 53.27% rise.
Hays County Chief Appraiser Laura Raven cited high demand with limited real estate inventory as a reason for “staggering increases” in residential real estate prices. Median sales prices for single-family homes, condos and townhomes in Hays County were up 27% at $440,000 with new listings down 10% compared to a year ago, according to March statistics from the Austin Board of Realtors.
