The average market value for Travis County houses increased less than a
percent, from $271,438 in 2011 to $271,991 this year. 71 percent of
homeowners' market value for their homes will stay the same or decrease
and just 29 percent will see an increase. Value depends largely on
where a home is located, true to the "location, location, location"
mantra of real estate. Areas west of 35 showed stronger growth, while
homes east of 35 and in the suburbs saw decreases in their market value.
On the other hand, values for apartments and offices increased 15
percent, making Austin one of the best markets in the nation for
apartments. Accordingly, average Austin apartment
rents saw an increase in 2011, but office rents have just begun to
climb. Homeowners can file protests through May 31st, and many can even
file them online this year. Notices should go out next week.
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