| Housing prices here stagnated
locally for more than a decade, rising just 5.5% between 1991 and
2002. If you take inflation into account, local home prices actually
dropped nearly 19% in that period. Recent indications are that there
has been an upturn. According to forecast-chart.com, home values in
this region rose 33% from 2002 to 2012, staying slightly ahead of
about 28% inflation for that period. However, this area is still far
behind the national average for housing values. Ironically, if
assessed values decline, property taxes need to be raised in order to
maintain current levels of services. | |