107 Saint Davids Pl · Atlantic City, NJ 08401

$299,000

2 bd · 2.0 ba · 1,563 sqft · SingleFamily public records · 261 Days on market

Built 1920 1,233 sqft lot Est $283k · 6% over

---

Why this score? — see what drove the F 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 +11.9/30.0
• ARV discount +4.9/15.0
• Rent growth +3.9/5.0
• DSCR +3.5/10.0
• 1% rule +3.4/10.0
• Livability +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

AC Investment Gem Near the Beach & Stockton! Excellent value for a Two-Family Home in Atlantic City! Located just steps from the bay block, and only a few blocks from Stockton University and the Boardwalk. This income-producing property is perfect for a buy-and-hold investor or an owner who wants to capitalize on the robust local rental market. Features 2 bedrooms, 2 full bathrooms, and 1,563 sq ft of living space. Take advantage of the appreciating neighborhood value and secure your piece of the shore real estate market at this competitive price point. Schedule your showing today!

Key facts

• 1,233 sq ft lot
• Listed 260 days

Property features AI

Finance

• Financial info: Annual taxes listed

Exterior

• Utilities: Natural gas available and connected; Electricity connected; Water connected
• Home design: Multi-family residential income property

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Total of 10 rooms
• Laundry & utility: No laundry facilities in-unit

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $-503 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $210k (29.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $251k (16.0% below list).
• Recommended offer: $210k (29.7% below list) — sets the bar for cash-flow.
• Cap rate 6.0% vs local median 3.7% in Atlantic City — 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 55/100 on livability (#525 in NJ) — a working-class tenant base; expect higher turnover. Strengths: health & safety A; Watch: commute D, schools F, crime F.
• Atlantic City School District (urban): math 9% / reading 26% proficiency, ranked #454 of 472 in NJ (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 85% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.5%/yr); 482 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 672 units permitted in Atlantic County in 2024 (258 in 5+ unit buildings).
• At $2,512/mo this rent would consume 73% of the median local household income ($41k/yr) (locally 3414% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Atlantic County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 261 days — a 12% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $150k; list at $299k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $210,206 (29.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 261 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
3. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. 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.
11. 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.
12. 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: 0.84% ✗
• Cap rate: 5.99%
• Cash-on-cash: -1.09%
• DSCR: 0.95
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $282,903
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18 N Hartford Ave	0.11mi	3/1.5 (+1)	1,460 (-7%)	14mo	$245,000	$168	65
121 N Raleigh Ave	0.44mi	3/1.5 (+1)	1,465 (-6%)	8mo	$265,000	$181	56
2910 Sunset Ave	0.42mi	3/2.0 (+1)	1,408 (-10%)	10mo	$260,000	$185	51
2913 Fairmount Ave	0.41mi	3/2.0 (+1)	1,332 (-15%)	5mo	$200,000	$150	47

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 · 5.52% rent growth · sell at horizon

5-year hold

• IRR: -25.2%
• Equity multiple: 0.12×
• Total profit: $-73,638
• Equity at exit: $44,582

10-year hold

• IRR: -13.8%
• Equity multiple: 0.09×
• Total profit: $-75,925
• Equity at exit: $25,852

Cash invested: $83,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 08401

• Home prices YoY: -7.0%
• Rents YoY: 5.5%
• Active inventory: 482
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,512 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$368 /mo · $4,418/yr
• Insurance: −$125
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$528
• Net cashflow: $-503

Break-even live

Break-even rent $3,148

Max offer price $210,206

Occupancy floor —

Sensitivity live

Price	-10% $-333	-5% $-418	+0% $-503	+5% $-587	+10% $-672
Rent	-10% $-701	-5% $-602	+0% $-503	+5% $-403	+10% $-304
Rate	-1.0pp $-352	-0.5pp $-427	base $-503	+0.5pp $-580	+1.0pp $-659

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3636 Winchester Ave Atlantic City, NJ	3.0	1.0	1094	$1,995	$1.82	21d	1	0.09mi
3914 South Blvd Atlantic City, NJ	2.0	2.5	1700	$3,400	$2.00	21d	1	0.20mi
36 Chelsea Ct Atlantic City, NJ	3.0	2.5	2100	$3,300	$1.57	13d	1	0.20mi
3809 Ventnor Ave #6 Atlantic City, NJ	3.0	1.0	1500	$2,100	$1.40	21d	1	0.22mi
100 N Chelsea Ave Unit 1 Atlantic City, NJ	3.0	1.0	1200	$15,000	$12.50	21d	1	0.32mi
512 N Harrisburg Ave Atlantic City, NJ	3.0	2.0	1156	$2,800	$2.42	13d	1	0.37mi
3851 Boardwalk Atlantic City, NJ	2.0	1.0–2.0	785	$27,500	$35.03	21d	5	0.40mi
21 N Laclede Pl Atlantic City, NJ	3.0	1.0	1200	$2,000	$1.67	21d	1	0.42mi
100 S Berkley Sq Unit 4H Atlantic City, NJ	2.0	2.0	1520	$3,200	$2.11	21d	1	0.72mi
2402 Auburn Ter Unit B Atlantic City, NJ	3.0	1.0	1893	$2,000	$1.06	21d	1	0.80mi
24 N Baton Rouge Ave Ventnor City, NJ	3.0	2.0	1350	$18,000	$13.33	13d	1	0.86mi
1 N Austin Ave Unit 1308998P Ventnor City, NJ	3.0	3.0	2195	$7,184	$3.27	21d	1	0.91mi
5000 Boardwalk #1009 Ventnor City, NJ	2.0	2.5	1893	$17,000	$8.98	21d	1	0.99mi
5200 Boardwalk Unit 10A Ventnor City, NJ	1.0	2.0	1104	$21,000	$19.02	13d	1	1.13mi
3 S Surrey Ave Unit 1308991P Ventnor City, NJ	3.0	2.0	1087	$7,267	$6.69	44d	1	1.18mi
3 S Surrey Ave Unit 1309004P Ventnor City, NJ	3.0	2.0	1087	$8,055	$7.41	21d	1	1.18mi
2015 Grant Ave Atlantic City, NJ	3.0	1.0	1056	$2,325	$2.20	21d	1	1.20mi
905 Keener Ave Atlantic City, NJ	3.0	1.0	1059	$1,900	$1.79	21d	1	1.22mi
1916 Magellan Ave Atlantic City, NJ	2.0	1.0	1478	$1,850	$1.25	21d	1	1.25mi
610A N Victoria Ave Ventnor City, NJ	3.0	2.5	1800	$2,550	$1.42	21d	1	1.34mi
1532 Emerson Pl Fl Front Atlantic City, NJ	3.0	2.0	1200	$2,400	$2.00	13d	1	1.36mi

Listing history 34 events

1. 2026-06-19
   days on market $299,000 Active 261 DOM
2. 2026-06-18
   days on market $299,000 Active 260 DOM
3. 2026-06-17
   days on market $299,000 Active 259 DOM
4. 2026-06-16
   days on market $299,000 Active 258 DOM
5. 2026-06-15
   days on market $299,000 Active 257 DOM
6. 2026-06-14
   days on market $299,000 Active 255 DOM
7. 2026-06-13
   days on market $299,000 Active 254 DOM
8. 2026-06-10
   days on market $299,000 Active 252 DOM
9. 2026-06-09
   days on market $299,000 Active 251 DOM
10. 2026-06-08
    days on market $299,000 Active 250 DOM
11. 2026-06-07
    days on market $299,000 Active 249 DOM
12. 2026-06-02
    days on market $299,000 Active 244 DOM
13. 2026-06-01
    days on market $299,000 Active 243 DOM
14. 2026-05-31
    days on market $299,000 Active 242 DOM
15. 2026-05-30
    days on market $299,000 Active 241 DOM
16. 2026-05-20
    status Active

    Show marketing remark (592 chars)

    AC Investment Gem Near the Beach & Stockton! Excellent value for a Two-Family Home in Atlantic City! Located just steps from the bay block, and only a few blocks from Stockton University and the Boardwalk. This income-producing property is perfect for a buy-and-hold investor or an owner who wants to capitalize on the robust local rental market. Features 2 bedrooms, 2 full bathrooms, and 1,563 sq ft of living space. Take advantage of the appreciating neighborhood value and secure your piece of the shore real estate market at this competitive price point. Schedule your showing today!

17. 2026-05-20
    status Active 592-char remark

    Show marketing remark (592 chars)

    AC Investment Gem Near the Beach & Stockton! Excellent value for a Two-Family Home in Atlantic City! Located just steps from the bay block, and only a few blocks from Stockton University and the Boardwalk. This income-producing property is perfect for a buy-and-hold investor or an owner who wants to capitalize on the robust local rental market. Features 2 bedrooms, 2 full bathrooms, and 1,563 sq ft of living space. Take advantage of the appreciating neighborhood value and secure your piece of the shore real estate market at this competitive price point. Schedule your showing today!

18. 2026-02-25
    status Under Contract 592-char remark

    Show marketing remark (592 chars)

    AC Investment Gem Near the Beach & Stockton! Excellent value for a Two-Family Home in Atlantic City! Located just steps from the bay block, and only a few blocks from Stockton University and the Boardwalk. This income-producing property is perfect for a buy-and-hold investor or an owner who wants to capitalize on the robust local rental market. Features 2 bedrooms, 2 full bathrooms, and 1,563 sq ft of living space. Take advantage of the appreciating neighborhood value and secure your piece of the shore real estate market at this competitive price point. Schedule your showing today!

19. 2025-10-01
    listed $299,000 Active

    Show marketing remark (592 chars)

    AC Investment Gem Near the Beach & Stockton! Excellent value for a Two-Family Home in Atlantic City! Located just steps from the bay block, and only a few blocks from Stockton University and the Boardwalk. This income-producing property is perfect for a buy-and-hold investor or an owner who wants to capitalize on the robust local rental market. Features 2 bedrooms, 2 full bathrooms, and 1,563 sq ft of living space. Take advantage of the appreciating neighborhood value and secure your piece of the shore real estate market at this competitive price point. Schedule your showing today!

20. 2025-10-01
    listed $299,000 Active 592-char remark

    Show marketing remark (592 chars)

    AC Investment Gem Near the Beach & Stockton! Excellent value for a Two-Family Home in Atlantic City! Located just steps from the bay block, and only a few blocks from Stockton University and the Boardwalk. This income-producing property is perfect for a buy-and-hold investor or an owner who wants to capitalize on the robust local rental market. Features 2 bedrooms, 2 full bathrooms, and 1,563 sq ft of living space. Take advantage of the appreciating neighborhood value and secure your piece of the shore real estate market at this competitive price point. Schedule your showing today!

21. 2022-02-09
    soldstatus $149,500
22. 2021-12-03
    soldstatus $149,500 Sold 617-char remark

    Show marketing remark (617 chars)

    Excellent opportunity to buy the lowest priced duplex near Stockton University Island Campus and price was just reduced. This income producing property is only two blocks from the college's academic building, and another block to the beach and boardwalk. The home sits on the bay block, close to the water. Upstairs tenant pays $800 per month for his two bedroom, the downstairs is currently vacant. The district has been going up in value since the college opened, and should continue to appreciate as more students move into the area. This legal two family will not last. It appraised for $176K ARV in March, 2021

23. 2021-08-27
    historical Under Contract - Continue to Show 617-char remark

    Show marketing remark (617 chars)

    Excellent opportunity to buy the lowest priced duplex near Stockton University Island Campus and price was just reduced. This income producing property is only two blocks from the college's academic building, and another block to the beach and boardwalk. The home sits on the bay block, close to the water. Upstairs tenant pays $800 per month for his two bedroom, the downstairs is currently vacant. The district has been going up in value since the college opened, and should continue to appreciate as more students move into the area. This legal two family will not last. It appraised for $176K ARV in March, 2021

24. 2021-08-04
    price $152,900 617-char remark

    Show marketing remark (617 chars)

    Excellent opportunity to buy the lowest priced duplex near Stockton University Island Campus and price was just reduced. This income producing property is only two blocks from the college's academic building, and another block to the beach and boardwalk. The home sits on the bay block, close to the water. Upstairs tenant pays $800 per month for his two bedroom, the downstairs is currently vacant. The district has been going up in value since the college opened, and should continue to appreciate as more students move into the area. This legal two family will not last. It appraised for $176K ARV in March, 2021

25. 2021-07-19
    price $153,900 617-char remark

    Show marketing remark (617 chars)

    Excellent opportunity to buy the lowest priced duplex near Stockton University Island Campus and price was just reduced. This income producing property is only two blocks from the college's academic building, and another block to the beach and boardwalk. The home sits on the bay block, close to the water. Upstairs tenant pays $800 per month for his two bedroom, the downstairs is currently vacant. The district has been going up in value since the college opened, and should continue to appreciate as more students move into the area. This legal two family will not last. It appraised for $176K ARV in March, 2021

26. 2021-06-29
    soldstatus $93,000
27. 2021-06-14
    listed $154,900 Active 617-char remark

    Show marketing remark (617 chars)

    Excellent opportunity to buy the lowest priced duplex near Stockton University Island Campus and price was just reduced. This income producing property is only two blocks from the college's academic building, and another block to the beach and boardwalk. The home sits on the bay block, close to the water. Upstairs tenant pays $800 per month for his two bedroom, the downstairs is currently vacant. The district has been going up in value since the college opened, and should continue to appreciate as more students move into the area. This legal two family will not last. It appraised for $176K ARV in March, 2021

28. 2021-04-01
    soldstatus $93,000 Sold
29. 2020-12-01
    historical Under Contract
30. 2020-10-29
    status Active
31. 2020-09-28
    historical Under Contract - Continue to Show
32. 2020-08-10
    listed $139,900 Active
33. 2014-02-27
    soldstatus $75,000
34. 1992-01-22
    soldstatus $75,000

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

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $4,418 · $368/mo
• Projected year-2 tax: $5,931 · $494/mo
• Expected delta: +$1,514/yr (+$126/mo · 34.3%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥94°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,146
• − Mortgage interest: −$16,749
• − Property taxes: −$4,418
• − Insurance: −$6,614
• − Repairs & maintenance: −$2,412
• − Management: −$2,412
• − Depreciation: −$8,698
• Taxable loss: −$11,155
• Est. tax savings @ 24.0%: +$2,677
• After-tax cash flow: $-3,354/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: Atlantic City School District
• NCES district ID: 3400960
• Math proficiency: 9% ▼ -12.00%
• Reading proficiency: 26% ▼ -6.00%
• Median HH income: $27,842
• Composite: 13.66/100
• National rank: #9504
• State rank: #454 of 472 in NJ

Livability — Atlantic City

• Score: 55/100
• State rank: #525
• US rank: #23095

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Atlantic City, NJ
• County: Atlantic County · 143,611 people
• City population: 38,925
• Metro: Atlantic City-Hammonton, NJ
• Population (ZIP): 38,925
• Household income: $41,126
• Rent vs Own: 69.8% rent · 30.2% own
• Severe rent burden: 3414.0

Population outlook (Atlantic County) Hauer SSP2

• Today (2025): 268,948 people
• By 2030: 264,497 · -1.7%
• By 2040: 252,261 · -6.2%
• By 2050: 237,846 · -11.6%
• By 2075: 210,650 · -21.7%
• By 2100: 180,234 · -33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.75)
• Race & ethnicity: Hispanic / Latino 32% Black 32% Asian 16% White 16% Two or more races 11% Native American 2%
• Hispanic origin (detail): Mexican 10% Puerto Rican 8% Dominican 8%
• Common ancestry: Romanian 1% Scotch-Irish 1%
• Foreign-born: 29% · Canada, Vietnam, Jamaica
• Languages at home: 52% English-only · Spanish 30% Other Indo-European 8% Vietnamese 3%

Political lean MEDSL · Atlantic

• 2024 margin: Toss-up / Even · D 47.7% · R 50.7% · Other 1.6%
• 2008→2024 swing: -18.1pp toward R · 2008: 15.1pp · 2024: -3.0pp
• All cycles: 2024: R+3.0 2020: D+6.7 2016: D+6.2 2012: D+17.2 2008: D+15.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -26.82%
• Current HPI: 353.7827
• Rent YoY: ▲ 5.52%
• Metro: Atlantic City-Hammonton, NJ
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+298.7% since first listed

19 events — show timeline

• 2026-05-20 Relisted — NJMLS
• 2026-05-20 Relisted — GSMLS
• 2026-02-25 Pending — GSMLS
• 2025-10-01 Listed $299,000 NJMLS
• 2025-10-01 Listed $299,000 GSMLS
• 2022-02-09 Sold (Public Records) $149,500 Public Records
• 2021-12-03 Sold (MLS) $149,500 SJSRMLS
• 2021-08-27 Contingent — SJSRMLS
• 2021-08-04 Price Changed $152,900 SJSRMLS
• 2021-07-19 Price Changed $153,900 SJSRMLS
• 2021-06-29 Sold (Public Records) $93,000 Public Records
• 2021-06-14 Listed $154,900 SJSRMLS
• 2021-04-01 Sold (MLS) $93,000 SJSRMLS
• 2020-12-01 Contingent — SJSRMLS
• 2020-10-29 Relisted — SJSRMLS
• 2020-09-28 Contingent — SJSRMLS
• 2020-08-10 Listed $139,900 SJSRMLS
• 2014-02-27 Sold (Public Records) $75,000 Public Records
• 1992-01-22 Sold (Public Records) $75,000 Public Records

Property tax history

-5.5%/yr

Latest (2025): $4,418 · -2.1% YoY. Source: county tax records.