3136 Madison Ave · Baton Rouge, LA 70802

$109,995

3 bd · 2.0 ba · 1,100 sqft · SingleFamily · 281 Days on market

Built 1996 6,534 sqft lot $100/sqft · 97% above area

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.1/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +5.1/10.0
• Rent growth +4.1/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

**House has a tenant so please DO NOT DISTURB THE TENANT!** This beauty is perfect if you're looking for a rental property with instant cash flow. 3 bedrooms, 2 full bathrooms. New stove! Current rent is $1270 per month. Lease is in effect until March 31, 2026. Pleasant tenant! PLEASE NOTE: Since tenant is in place, a 48-hour notice is required for a showing and proof of funds or lending pre-approval required PRIOR to acceptance of a Showing Time request. House is being sold as-is with no warranties. MEASURMENTS NOT WARRANTED BY AGENT, AGENCY, SELLER, BROKER, OR BROKERAGE. BUYER TO VERIFY ALL MEASUREMENTS.

Key facts

• 6,534 sq ft lot
• Built 1996
• Listed 281 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $217 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 4.3% in Baton Rouge — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#24 in LA, #4,535 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: amenities D, crime F, employment D-.
• East Baton Rouge Parish (urban): math 22% / reading 34% proficiency, ranked #47 of 98 in LA (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Capitol Elementary School (math 22% / reading 22%, grade F, #415 of 646 statewide, top 67%, 300 students, 94% FRL); Capitol Middle School (math 4% / reading 10%, grade F, #212 of 218 statewide, top 97%, 580 students, 87% FRL); Liberty High School (math 50% / reading 74%, grade B-, #15 of 265 statewide, top 6%, 1,208 students, 60% FRL) — zoned schools at 80% FRL track the district average.
• Market conditions: Rents rising fast (+6.6%/yr); 188 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent runs 39% of the median local income ($34k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• East Baton Rouge County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.6% rent growth), your $31k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 281 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 3y ago; this cycle's ask has dropped $20k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,795 (12.0% below list)

Questions for the listing agent

1. It's been on market 281 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.01% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.45%
• DSCR: 1.38
• GRM: 8.2

CMA / ARV

• ARV (median comp): $55,754
• List price: $109,995
• Delta: 97.29%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3825 Fairfields Ave	0.32mi	3/1.0	1,152 (+5%)	1mo	$125,000	$109	72
2711 Jackson Ave	0.28mi	3/2.0	1,200 (+9%)	7mo	$79,000	$66	66
4051 N Barrow Dr	0.48mi	3/2.0	1,040 (-6%)	5mo	$175,000	$168	64
2645 Jefferson Ave	0.35mi	2/1.0 (-1)	1,123 (+2%)	8mo	$9,750	$9	64
3216 Brady St	0.48mi	3/1.0	1,038 (-6%)	6mo	$69,900	$67	59
4273 Adams Ave	0.65mi	3/1.0	1,062 (-4%)	2mo	$64,900	$61	58
3911 Dalton St	0.59mi	3/1.0	1,033 (-6%)	2mo	$29,000	$28	57
3032 Seneca St	0.27mi	2/1.0 (-1)	1,000 (-9%)	8mo	$10,000	$10	56
1152 N 32nd St	0.59mi	2/1.0 (-1)	1,000 (-9%)	2mo	$12,500	$13	47
4366 Jefferson Ave	0.72mi	3/1.0	1,200 (+9%)	2mo	$49,900	$42	46
2927 Tecumseh St	0.71mi	3/2.0	1,245 (+13%)	3mo	$182,500	$147	43
1108 N Acadian Thruway	0.65mi	2/5.5 (-1)	1,000 (-9%)	2mo	$13,100	$13	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.59% rent growth · sell at horizon

5-year hold

• IRR: 0.1%
• Equity multiple: 1.00×
• Total profit: $115
• Equity at exit: $16,401

10-year hold

• IRR: 12.8%
• Equity multiple: 2.17×
• Total profit: $36,135
• Equity at exit: $9,510

Cash invested: $30,799 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Louisiana: 90 Strongly Landlord-Friendly · R+12
• County: — inherits STATE
• City: — inherits STATE

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70802

• Rents YoY: 6.6%
• Active inventory: 188
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,114 high
• Mortgage (P&I): −$577
• Tax from tax record: −$41 /mo · $489/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $217

Break-even live

Break-even rent $840

Max offer price $109,995

Occupancy floor 76%

Sensitivity live

Price	-10% $279	-5% $248	+0% $217	+5% $186	+10% $155
Rent	-10% $129	-5% $173	+0% $217	+5% $261	+10% $305
Rate	-1.0pp $272	-0.5pp $245	base $217	+0.5pp $188	+1.0pp $159

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $27,499
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1404 N 29th St Baton Rouge, LA	3.0	2.0	1120	$1,100	$0.98	45d	1	0.47mi
1409 N 35th St Baton Rouge, LA	3.0	2.0	912	$750	$0.82	25d	1	0.49mi
1305 N 30th St Baton Rouge, LA	2.0	1.0	1000	$900	$0.90	25d	1	0.50mi
1336 N 29th St Baton Rouge, LA	3.0	2.0	1400	$1,450	$1.04	15d	1	0.51mi
2347 Rhodes Ave Baton Rouge, LA	2.0	1.0	1250	$950	$0.76	20d	1	0.53mi
1348 N 37th St Baton Rouge, LA	3.0	1.0	1100	$1,200	$1.09	45d	1	0.55mi
3936 Dalton St Baton Rouge, LA	2.0	1.0	900	$750	$0.83	20d	1	0.56mi
3859 Brady St Baton Rouge, LA	2.0	1.0	800	$775	$0.97	45d	1	0.59mi
1217 N 44th St Baton Rouge, LA	3.0	2.0	1028	$950	$0.92	25d	1	0.90mi
3567 Charles St Baton Rouge, LA	3.0	1.0	1400	$1,250	$0.89	45d	1	0.96mi
3160 Wyandotte St Baton Rouge, LA	2.0	1.0	1100	$800	$0.73	45d	1	0.97mi
1847 N 16th St Baton Rouge, LA	3.0	2.0	909	$1,250	$1.38	15d	1	1.02mi
636 N 39th St Apt 2 Baton Rouge, LA	2.0	1.0	700	$900	$1.29	15d	1	1.03mi
3566 North St Baton Rouge, LA	4.0	2.0	1117	$1,050	$0.94	22d	1	1.03mi
532 Live Oak Blvd Unit 532 Baton Rouge, LA	3.0	2.0	1000	$1,200	$1.20	25d	1	1.14mi
2040 Gayosa St Baton Rouge, LA	1.0–2.0	1.0–2.0	764	$1,250	$1.64	45d	1	1.15mi
3577 Mission Dr Baton Rouge, LA	2.0	1.0	755	$950	$1.26	20d	1	1.16mi
1201 N Foster Dr Baton Rouge, LA	1.0–3.0	1.0–3.0	1300	$1,688	$1.30	15d	31	1.17mi
3647 Mission Dr Baton Rouge, LA	3.0	1.0	900	$895	$0.99	25d	1	1.19mi
787 N 47th St Baton Rouge, LA	3.0	2.0	1000	$800	$0.80	25d	1	1.20mi
5212 Jackson Ave Baton Rouge, LA	4.0	2.0	1500	$1,650	$1.10	25d	1	1.21mi
2606 Weller Ave Baton Rouge, LA	2.0	1.0	1000	$650	$0.65	45d	1	1.25mi
2730 Convention St Baton Rouge, LA	3.0	1.0	1000	$900	$0.90	25d	1	1.33mi
3540 N Foster Dr Baton Rouge, LA	2.0	1.0	1000	$1,000	$1.00	25d	1	1.34mi
2852 Dayton St Baton Rouge, LA	2.0	1.0	1020	$850	$0.83	25d	1	1.40mi
4380 Mohican-Prescott Crossover Baton Rouge, LA	2.0	2.0	910	$1,055	$1.16	45d	1	1.43mi
4743 Florida Blvd Baton Rouge, LA	2.0	1.0	947	$789	$0.83	15d	3	1.45mi
239 West Dr Baton Rouge, LA	2.0	1.0	1428	$1,250	$0.88	25d	1	1.49mi

Listing history 36 events

1. 2026-06-18
   days on market $109,995 Active 281 DOM
2. 2026-06-17
   days on market $109,995 Active 280 DOM
3. 2026-06-16
   days on market $109,995 Active 279 DOM
4. 2026-06-15
   days on market $109,995 Active 278 DOM
5. 2026-06-14
   days on market $109,995 Active 276 DOM
6. 2026-06-10
   days on market $109,995 Active 273 DOM
7. 2026-06-09
   days on market $109,995 Active 272 DOM
8. 2026-06-08
   days on market $109,995 Active 271 DOM
9. 2026-06-07
   days on market $109,995 Active 270 DOM
10. 2026-06-05
    days on market $109,995 Active 267 DOM
11. 2026-06-03
    days on market $109,995 Active 266 DOM
12. 2026-06-02
    days on market $109,995 Active 265 DOM
13. 2026-06-01
    days on market $109,995 Active 264 DOM
14. 2026-05-31
    days on market $109,995 Active 263 DOM
15. 2026-05-31
    days on market $109,995 Active 262 DOM
16. 2025-11-21
    price $109,995 613-char remark

    Show marketing remark (613 chars)

    **House has a tenant so please DO NOT DISTURB THE TENANT!** This beauty is perfect if you're looking for a rental property with instant cash flow. 3 bedrooms, 2 full bathrooms. New stove! Current rent is $1270 per month. Lease is in effect until March 31, 2026. Pleasant tenant! PLEASE NOTE: Since tenant is in place, a 48-hour notice is required for a showing and proof of funds or lending pre-approval required PRIOR to acceptance of a Showing Time request. House is being sold as-is with no warranties. MEASURMENTS NOT WARRANTED BY AGENT, AGENCY, SELLER, BROKER, OR BROKERAGE. BUYER TO VERIFY ALL MEASUREMENTS.

17. 2025-11-19
    price $109,995 628-char remark

    Show marketing remark (628 chars)

    * * House has a tenant so please DO NOT DISTURB THE TENANT! * * This beauty is perfect if you’re looking for a rental property with instant cash flow. 3 bedrooms, 2 full bathrooms. New stove! Current rent is $1270 per month. Lease is in effect until March 31, 2026. Pleasant tenant! PLEASE NOTE: Since tenant is in place, a 48-hour notice is required for a showing and proof of funds or lending pre-approval required PRIOR to acceptance of a Showing Time request. House is being sold as-is with no warranties. MEASURMENTS NOT WARRANTED BY AGENT, AGENCY, SELLER, BROKER, OR BROKERAGE. BUYER TO VERIFY ALL MEASUREMENTS.

18. 2025-10-23
    price $119,999 613-char remark

    Show marketing remark (628 chars)

    * * House has a tenant so please DO NOT DISTURB THE TENANT! * * This beauty is perfect if you’re looking for a rental property with instant cash flow. 3 bedrooms, 2 full bathrooms. New stove! Current rent is $1270 per month. Lease is in effect until March 31, 2026. Pleasant tenant! PLEASE NOTE: Since tenant is in place, a 48-hour notice is required for a showing and proof of funds or lending pre-approval required PRIOR to acceptance of a Showing Time request. House is being sold as-is with no warranties. MEASURMENTS NOT WARRANTED BY AGENT, AGENCY, SELLER, BROKER, OR BROKERAGE. BUYER TO VERIFY ALL MEASUREMENTS.

19. 2025-10-23
    price $119,999 628-char remark

    Show marketing remark (628 chars)

    * * House has a tenant so please DO NOT DISTURB THE TENANT! * * This beauty is perfect if you’re looking for a rental property with instant cash flow. 3 bedrooms, 2 full bathrooms. New stove! Current rent is $1270 per month. Lease is in effect until March 31, 2026. Pleasant tenant! PLEASE NOTE: Since tenant is in place, a 48-hour notice is required for a showing and proof of funds or lending pre-approval required PRIOR to acceptance of a Showing Time request. House is being sold as-is with no warranties. MEASURMENTS NOT WARRANTED BY AGENT, AGENCY, SELLER, BROKER, OR BROKERAGE. BUYER TO VERIFY ALL MEASUREMENTS.

20. 2025-09-10
    listed $129,999 Active 613-char remark

    Show marketing remark (628 chars)

    * * House has a tenant so please DO NOT DISTURB THE TENANT! * * This beauty is perfect if you’re looking for a rental property with instant cash flow. 3 bedrooms, 2 full bathrooms. New stove! Current rent is $1270 per month. Lease is in effect until March 31, 2026. Pleasant tenant! PLEASE NOTE: Since tenant is in place, a 48-hour notice is required for a showing and proof of funds or lending pre-approval required PRIOR to acceptance of a Showing Time request. House is being sold as-is with no warranties. MEASURMENTS NOT WARRANTED BY AGENT, AGENCY, SELLER, BROKER, OR BROKERAGE. BUYER TO VERIFY ALL MEASUREMENTS.

21. 2025-09-10
    listed $129,999 Active 628-char remark

    Show marketing remark (628 chars)

    * * House has a tenant so please DO NOT DISTURB THE TENANT! * * This beauty is perfect if you’re looking for a rental property with instant cash flow. 3 bedrooms, 2 full bathrooms. New stove! Current rent is $1270 per month. Lease is in effect until March 31, 2026. Pleasant tenant! PLEASE NOTE: Since tenant is in place, a 48-hour notice is required for a showing and proof of funds or lending pre-approval required PRIOR to acceptance of a Showing Time request. House is being sold as-is with no warranties. MEASURMENTS NOT WARRANTED BY AGENT, AGENCY, SELLER, BROKER, OR BROKERAGE. BUYER TO VERIFY ALL MEASUREMENTS.

22. 2025-04-25
    status Active
23. 2025-03-01
    historical
24. 2024-12-30
    price $97,500
25. 2024-12-13
    price $97,500
26. 2024-12-11
    listed $107,499 Active
27. 2024-12-11
    historical
28. 2024-10-31
    price $107,499
29. 2024-10-31
    price $107,499
30. 2024-09-16
    price $107,500
31. 2024-08-16
    listed $110,000 Active
32. 2024-08-16
    listed $107,500 Active
33. 2024-02-02
    historical $1,350
34. 2024-01-05
    price $1,350
35. 2023-11-15
    listed $1,495
36. 1995-10-12
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast LA · Resets to sale price

• Current annual tax: $489 · $41/mo
• Projected year-2 tax: $605 · $50/mo
• Expected delta: +$116/yr (+$10/mo · 23.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,371
• − Mortgage interest: −$6,161
• − Property taxes: −$489
• − Insurance: −$550
• − Repairs & maintenance: −$1,070
• − Management: −$1,070
• − Depreciation: −$3,200
• Taxable income: $831
• Est. tax owed @ 24.0%: −$200
• After-tax cash flow: $2,403/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: East Baton Rouge Parish
• NCES district ID: 2200540
• Math proficiency: 22% ▼ -36.00%
• Reading proficiency: 34% ▼ -31.00%
• Median HH income: $46,263
• Composite: 24.14/100
• National rank: #7745
• State rank: #47 of 98 in LA

Livability — Baton Rouge

• Score: 74/100
• State rank: #24
• US rank: #4535

Category grades

Amenities D Commute A+ Cost of living A+ Crime F Employment D- Housing A Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baton Rouge, LA
• County: East Baton Rouge Parish · 399,686 people
• City population: 351,868
• Metro: Baton Rouge, LA
• Population (ZIP): 25,118
• Household income: $34,458
• Rent vs Own: 69.1% rent · 30.9% own
• Severe rent burden: 1831.0

Population outlook (East Baton Rouge County) Hauer SSP2

• Today (2025): 464,810 people
• By 2030: 472,137 · +1.6%
• By 2040: 480,243 · +3.3%
• By 2050: 484,422 · +4.2%
• By 2075: 492,069 · +5.9%
• By 2100: 476,347 · +2.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (69%)
• Race & ethnicity: Black 69% White 20% Two or more races 5% Hispanic / Latino 5% Asian 3%
• Common ancestry: Lithuanian 2% Italian 1% Iranian 0%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 3% Tagalog/Filipino 1% Other Indo-European 1%

Political lean MEDSL · East Baton Rouge

• 2024 margin: D (+11.1) · D 54.5% · R 43.4% · Other 2.1%
• 2008→2024 swing: +8.9pp toward D · 2008: 2.2pp · 2024: 11.1pp
• All cycles: 2024: D+11.1 2020: D+13.1 2016: D+9.2 2012: D+5.2 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -137.02%
• Current HPI: 47.7285
• Rent YoY: ▲ 6.59%
• Metro: Baton Rouge, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Price history

+7257.5% since first listed

21 events — show timeline

• 2025-11-21 Price Changed $109,995 AcadianaMLS
• 2025-11-19 Price Changed $109,995 GBRMLS
• 2025-10-23 Price Changed $119,999 AcadianaMLS
• 2025-10-23 Price Changed $119,999 GBRMLS
• 2025-09-10 Listed $129,999 GBRMLS
• 2025-09-10 Listed $129,999 AcadianaMLS
• 2025-04-25 Relisted — GBRMLS
• 2025-03-01 Delisted — GBRMLS
• 2024-12-30 Price Changed $97,500 AcadianaMLS
• 2024-12-13 Price Changed $97,500 GBRMLS
• 2024-12-11 Listed $107,499 GBRMLS
• 2024-12-11 Delisted — GBRMLS
• 2024-10-31 Price Changed $107,499 GBRMLS
• 2024-10-31 Price Changed $107,499 AcadianaMLS
• 2024-09-16 Price Changed $107,500 GBRMLS
• 2024-08-16 Listed $107,500 AcadianaMLS
• 2024-08-16 Listed $110,000 GBRMLS
• 2024-02-02 Rental Removed $1,350 APPFOLIO
• 2024-01-05 Price Changed $1,350 APPFOLIO
• 2023-11-15 Listed for Rent $1,495 APPFOLIO
• 1995-10-12 Sold (Public Records) — Public Records

Property tax history

+26.6%/yr

Latest (2025): $489 · +4.7% YoY. Source: county tax records.