College Station, TX housing market

For the fourth consecutive year according to RECON, the Texas housing market broke records in home sales and median price, according to a Texas Realtors report. However, home price and sales increases are slowing down.  Link to College Station Homes for the best community information for Bryan and College Station, TX.

February 26, 2019

Texas sixth nationally in property taxes

​​​​WASHINGTON (WalletHub

) – ​Texas has the sixth-highest property tax rate in the country, reports WalletHub.

The Lone Star State tied with Vermont with a 1.83 percent effective real estate tax rate. The annual tax on a median-priced Texas home ($151,500) is $2,775. ​

Vermont’s annual tax on a median-priced home ($220,600) is $4,040.

Texas is among seven states that do not have an income tax. It is also among 24 (including the District of Columbia) that do not have a vehicle tax.

New Jersey has the highest effective real estate tax rate at 2.44 percent. A homeowner would pay $7,840 in taxes each year on a median-priced Garden State home ($321,100).

The rest of the top five are Illinois, New Hampshire, Connecticut, and Wisconsin​.

Hawaii has the lowest effective real estate tax rate. Residents would pay $1,529 annually on a median-priced Hawaiian home ($563,900).

Other states with the lowest annual property taxes are Alabama, Louisiana, and Colorado and District of Columbia (tied).

For more on Texas real estate taxes, ​read “Texas Tax Conundrum

” by Real Estate Center Research Economist Dr. Charles Gilliland.

Brazos County Realty would like to thank the Real Estate Center for providing  important information about the Texas housing market.  Investors still anxiously watch the College Station housing market.  Retirees recognize College Station homes their perfect choice for buying a luxury property.  College Station and Bryan Texas, home of Texas A&M is not your average place to live.  It’s a highly educated community centrally located between Dallas, Houston and San Antonio.  When you’d like the grand tour, pick up the phone and call 979-693-0201 or take a peak at our phenomenal College Station community  and check out available housing and land in any price range. 1st time home buyers are welcome too.  We’re here to help with all your housing and real estate needs.

It will be our pleasure to help you with your HOMEwork!

Myke Leatham, Broker/Owner

College Station Realtor
Brazos County Realty

 

 

College Station is 6th Fastest Growing in America

College Station, TX Ranked #6 among the fastest growing cities in the nation!

WASHINGTON (WalletHub) – ​​​Four Texas cities have snagged spots on WalletHub’s list of 2018’s fastest-growing cities in America.

​Midland​ and Pearland ranked second and third​​​, respectively. ​McKinney came in fifth, and College Station followed in sixth.

​The four cities were also the top ​fastest-growing mid size cities on the list. Frisco and Round Rock​​ were the ninth and tenth.

Austin was the fastest-growing large city.

​​​​Frisco, McKinney, and Pearland​ tied for first in the highest population​ growth category. Other cities tying for first were ​Enterprise, Nev.; ​​Lehigh Acres, Fla.; ​​​and Meridian, Idaho.

Frisco and McKinney were also first in highest job growth, tying with Meridian, Idaho;​​ Lake Charles, La.; ​Fort Myers, Fla.; and ​St. George, Utah.

​Pharr had the ​​highest poverty rate decrease in Texas. It tied with ​​​Lake Charles, La.; Fort Myers, Fla.; Compton, Calif.; ​Port St. Lucie, Fla.; ​​and Victorville, Calf.

​​​WalletHub asked Real Estate Center Chief Economist Dr. Jim Gaines to chime in on ​the biggest challenges for rapidly growing cities.

“Local government(s) generally cannot keep pace with fast population growth in providing necessary public goods and services,” said Dr. Gaines. “Everything from water/sewer capacity, roads and transportation infrastructure, police/fire/EMS services, schools, and virtually every other service typically lag behind the increased demand for facilities and services. The faster growth occurs, the harder it is for local government to keep pace. It also may not help that current residents may not really want the growth, not want to foster the growth, and especially may not want to pay for the growth.

“The result is that not only are fiscal problems revealed – unwillingness to support higher tax rates or increased bonded indebtedness – but also local philosophical and political attitudes either for or against the growth.”

​The rest of the top ten fastest-growing cities rankings are: No. 1 ​Fort Myers, Fla.; No. 4 ​Bend, Ore.; ​​No. 7 Lehigh Acre​s, Fla.; No. 8 ​Mount Pleasant, S.C.; No. 9 ​​Enterprise, Nev.; and No. 10 Irvine, Calif.​

A couple ‘not so well known facts: 

1.      Interest rates are projected to increase at least 3 times in 2019 with at least one more by December of 2018!   If you’re thinking of purchasing a house in College Station in, you’d better do it fast.  Small interest percentages can increase your mortgage payment significantly.  

2.     Land costs are still increasing.  A typical lot can cost $50,000+ which means homes being built are approximately $300,000 today. 

3.     If you’re thinking about building, it will cost you approximately $6000 through the city of College Station for impact fees. 

4.     There is currently a labor shortage which means if you’re building your dream home in College Station or Bryan, it will take 8-10 months vs 6 months previously.  Plan for it to take a little longer.  

5.      Approximately 4000 people are moving to the College Station and Bryan areas each year.  College Station is no longer considered a small town, but a metropolitan area according to Dr. Gains of the Texas A&M Real Estate Center. 

6.     Dr. Gains reported this morning to local real estate brokers  that Texas has more oil than Russia!  Who knew, right?

 

College Station City Recognition and Rankings    In recent years, the College Station-Bryan area has received many prestigious national recognitions and rankings in a variety of economic and social categories. Here are our rankings since 2009

Brazos County Realty tries to provide community information on a regular basis.  When you’re thinking about making a move to College Station, investing in Bryan-College Station, or would like to consider the area as your new home, CollegeStationHomes.com has what you need and can help you in ALL things real estate related.  Available housing in College Station MLS.  Pick up the phone and give us a call 979-693-0201.  Let us Help you with your HOMEwork!

Myke Leatham Broker/Owner

 

Brazos county Realty, LLC

The good life in College Sation

 

Come and enjoy the good life, Texas style, in Brazos County. Home to more than 190,000 people, this multicultural county is chock-full of charm and culture with a sports and entertainment scene that is impossible to ignore. The Texas A&M University has fueled this counties economic growth. The university has given the city of College Station the title of the most educated in the state of Texas, and the 11th most educated city in the country and ranked as the second best city to do business in by Forbes Magazine, making it an excellent home for would-be entrepreneurs.  Here’s a great list of Bryan/College Station resources.

Brazos County is an economic hotspot.

Major roads and highways criss cross through, making every corner easy to find and  accessible. The Easterwood Airport connects to Houston and Dallas. Growing at record paces with new schools, housing developments, restaurants and shopping, with easy commerce to all major surrounding cities.  The Bryan/College Station area would appear to be ‘Boom Town Central’.  But not without it’s growing pains.  New home construction, new roads, shopping, and new development on all sides with room to grow.  Ongoing Road construction slows things down temporarily.

Things to do in Bryan and College Station

With scenic views and majestic natural treasures, its beauty cannot be underrated. It’s vibrant and entertaining as it is stunning. Sport fans fill Kyle Field, and Reed Arena. Miramont & Traditions Country Clubs are the place to be for golf, while those who enjoy fishing can relax at Lake Bryan. Young ones have fun at the Children’s Museum, where they can make an appointment to hold birthday parties. The Brazos County Arboretum and the MSC Forsyth Center Galleries are other points of interest that are fun for the whole family.  Enjoy theatre productions through Opas.  Community sports through parks and recreation throughout the year for every age.

Who to call

The quality of life in this lovely community is above par where the climate is very desirable and has  two growing seasons. If you need a College Station realtor or are considering a move to the College Station/Bryan area in the  future, ‘Let Myke help you with your HOMEwork!’ If you would like more community or housing information don’t hesitate to call Myke Leatham, Broker/Owner of Brazos County Realty   Here’s access to the entire local Bryan/College Station TX MLS Search  and your very own portal.

Some things you’ll find at the Aggie Real Estate site:

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