Jump to content
Sign in to follow this  
longcat

West U Property Values Nears $4B

Recommended Posts

It does not seem right that it could account for 1/10th of Harris County's residential property value as the article states (and actually if you do the numbers, it's more like 1/11th), but impressive nonetheless.

Article

Property values in the 2-square miles that make up the city of West University Place now account for about one-tenth of the total residential property values in Harris County.

The most recent property appraisals show that residential property in the city is valued at almost $3.95 billion, City Manager Michael Ross said Thursday.

With total residential property values in Harris County appraised at almost $44.48 billion, Ross said,

Share this post


Link to post
Share on other sites
It does not seem right that it could account for 1/10th of Harris County's residential property value as the article states (and actually if you do the numbers, it's more like 1/11th), but impressive nonetheless.

Article

Property values in the 2-square miles that make up the city of West University Place now account for about one-tenth of the total residential property values in Harris County.

The most recent property appraisals show that residential property in the city is valued at almost $3.95 billion, City Manager Michael Ross said Thursday.

With total residential property values in Harris County appraised at almost $44.48 billion, Ross said,

Share this post


Link to post
Share on other sites
I don't believe these figures to be plausible.

If you add up all the numbers from all of these small cities that were cited, you get 40% of the total residential value in Harris County cited in the article. But that does not include several large cities, including most notably Houston. Nor does it include the vast territory of unincorporated Harris County.

I thought it seemed unlikely too. I did a little digging and came up with these #'s for Harris county as a whole from HCAD Link

946k properties at an average market value of $168k yields a total residential value for Harris county of approx $159B. $4B for West U then implies about 2.5% of the total county value.....still impressive for a 2 square mile city, but not outlandishly so.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...