43516 Carter Estates Rd · Hammond, LA 70403

$220,000

4 bd · 3.0 ba · 2,418 sqft · SingleFamily public records · 125 Days on market

Built 2009 1.20 ac lot Est $355k · 38% under

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Why this score? — see what drove the B- 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 +26.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +6.1/10.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

Key facts

• 1.2 acres
• Utilities in place
• Detached workshop

Tags

• 1.2 ACRES
• DETACHED WORKSHOP
• USABLE LAND
• QUIET UNRESTRICTED AREA
• UTILITIES IN PLACE
• NO FLOOD ZONE

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $480 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $194k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 5.0% in Hammond — 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 69/100 on livability (#77 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: amenities C-, commute D+, schools D.
• Tangipahoa Parish (rural): math 18% / reading 29% proficiency, ranked #63 of 98 in LA (top 64%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 329 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).
• At $2,440/mo this rent would consume 57% of the median local household income ($51k/yr) (locally 1201% 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 $7k of value loss. Plan a longer hold.
• Tangipahoa County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts; this cycle's ask is 29% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $500; list at $220k implies a 43900% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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.
8. 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.
9. 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: 1.11% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.64%
• DSCR: 1.47
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $355,446
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
44328 Lake Wind Dr	0.71mi	4/3.0	2,375 (-2%)	2mo	$348,234	$147	63
44207 Huntley Rd	0.56mi	4/3.0	2,584 (+7%)	2mo	$362,048	$140	60
19291 Chelwood Ct	0.40mi	4/2.0	2,204 (-9%)	6mo	$325,890	$148	57
44368 Lake Wind Dr	0.55mi	4/3.0	2,175 (-10%)	1mo	$349,865	$161	57
19382 Chelwood Ct	0.35mi	4/2.0	2,171 (-10%)	7mo	$290,089	$134	57
20161 Camden Ln	0.70mi	4/3.0	2,584 (+7%)	0mo	$375,000	$145	56
44312 Lake Wind Dr	0.60mi	4/3.0	2,175 (-10%)	0mo	$337,710	$155	55
44262 Lake Wind Dr	0.55mi	4/3.0	2,175 (-10%)	4mo	$338,644	$156	54
44352 Lake Wind Dr	0.68mi	4/3.0	2,584 (+7%)	8mo	$387,550	$150	51
44215 Huntley Rd	0.56mi	5/3.0 (+1)	2,690 (+11%)	0mo	$343,809	$128	50
44360 Lake Wind Dr	0.69mi	4/2.0	2,171 (-10%)	7mo	$296,130	$136	41
44296 Huntley Rd	0.64mi	4/2.0	2,750 (+14%)	8mo	$349,960	$127	37

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 · 0.33% rent growth · sell at horizon

5-year hold

• IRR: -5.1%
• Equity multiple: 0.81×
• Total profit: $-11,483
• Equity at exit: $32,803

10-year hold

• IRR: 1.2%
• Equity multiple: 1.07×
• Total profit: $4,481
• Equity at exit: $19,022

Cash invested: $61,600 (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 70403

• Home prices YoY: -34.1%
• Rents YoY: 0.3%
• Active inventory: 329
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,440 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$136 /mo · $1,633/yr
• Insurance: −$92
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$512
• Net cashflow: $480

Break-even live

Break-even rent $1,833

Max offer price $220,000

Occupancy floor 75%

Sensitivity live

Price	-10% $604	-5% $542	+0% $480	+5% $418	+10% $355
Rent	-10% $287	-5% $383	+0% $480	+5% $576	+10% $673
Rate	-1.0pp $591	-0.5pp $536	base $480	+0.5pp $423	+1.0pp $365

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
44243 Kendalwood Dr Hammond, LA	3.0	2.0	1826	$2,200	$1.20	44d	1	0.55mi
20175 Kingland Dr Hammond, LA	3.0	2.5	2300	$2,300	$1.00	44d	1	0.70mi
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$3,840	$2.08	44d	1	0.83mi

Listing history 15 events

1. 2026-04-13
   status Pending 782-char remark

   Show marketing remark (782 chars)

   Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

2. 2026-04-13
   status Pending

   Show marketing remark (782 chars)

   Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

3. 2026-04-03
   status Active 782-char remark

   Show marketing remark (782 chars)

   Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

4. 2026-04-03
   status Active

   Show marketing remark (782 chars)

   Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

5. 2026-03-31
   status Pending 782-char remark

   Show marketing remark (782 chars)

   Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

6. 2026-03-31
   status Pending

   Show marketing remark (782 chars)

   Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

7. 2026-02-09
   status Active 782-char remark

   Show marketing remark (782 chars)

   Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

8. 2026-02-09
   price $220,000 782-char remark

   Show marketing remark (782 chars)

   Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

9. 2026-02-09
   status Active

   Show marketing remark (782 chars)

   Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

10. 2026-02-09
    price $220,000

    Show marketing remark (782 chars)

    Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

11. 2025-10-01
    historical
12. 2025-07-28
    listed $170,000 Active 782-char remark

    Show marketing remark (782 chars)

    Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

13. 2025-07-28
    listed $170,000 Active

    Show marketing remark (782 chars)

    Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

14. 2025-07-28
    listed $170,000 Active

    Show marketing remark (782 chars)

    Investor Opportunity on 1.2 Acres , 2,500 Sq Ft Modular Home with Workshop Attention investors and value-seekers: this spacious 4-bedroom, 3-bath modular home with no carpet sits on 1.2 acres of usable land and includes a 20x20 detached workshop, great for tools, equipment, or future upgrades. With approximately 2,500 sq ft under roof, the property features a flexible split floorplan and plenty of square footage to customize. The home is fully functional as-is but offers ample potential for updates to increase value or maximize rental income. Located in a quiet, unrestricted area with utilities in place and no flood zone, this property is priced with improvements in mind and offers significant upside for the right buyer. Home to be sold as-is. Seller will make no repairs.

15. 2009-10-19
    soldstatus $500

ⓘ 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: $1,633 · $136/mo
• Projected year-2 tax: $1,633 · $136/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,282
• − Mortgage interest: −$12,323
• − Property taxes: −$1,633
• − Insurance: −$1,898
• − Repairs & maintenance: −$2,343
• − Management: −$2,343
• − Depreciation: −$6,400
• Taxable income: $2,343
• Est. tax owed @ 24.0%: −$562
• After-tax cash flow: $5,195/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: Tangipahoa Parish
• NCES district ID: 2201680
• Math proficiency: 18% ▼ -32.00%
• Reading proficiency: 29% ▼ -31.00%
• Median HH income: $41,283
• Composite: 19.94/100
• National rank: #8676
• State rank: #63 of 98 in LA

Livability — Hammond

• Score: 69/100
• State rank: #77
• US rank: #8868

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Tangipahoa Parish · 85,958 people
• City population: 51,394
• Metro: Hammond, LA
• Population (ZIP): 30,173
• Household income: $50,976
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 1201.0

Population outlook (Tangipahoa County) Hauer SSP2

• Today (2025): 144,204 people
• By 2030: 151,413 · +5.0%
• By 2040: 164,374 · +14.0%
• By 2050: 175,427 · +21.7%
• By 2075: 195,165 · +35.3%
• By 2100: 201,641 · +39.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 55% Black 37% Hispanic / Latino 6% Two or more races 6%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 9% Serbian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4% Arabic 1%

Political lean MEDSL · Tangipahoa

• 2024 margin: Solid R (+37.4) · D 30.6% · R 68.0% · Other 1.3%
• 2008→2024 swing: -6.5pp toward R · 2008: -30.9pp · 2024: -37.4pp
• All cycles: 2024: R+37.4 2020: R+32.8 2016: R+32.6 2012: R+27.7 2008: R+30.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.04%
• Current HPI: 127.4535
• Rent YoY: ▲ 0.33%
• Metro: Hammond, 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

+29.4% since first listed

15 events — show timeline

• 2026-04-13 Pending — AcadianaMLS
• 2026-04-13 Pending — GSREIN
• 2026-04-03 Relisted — AcadianaMLS
• 2026-04-03 Relisted — GSREIN
• 2026-03-31 Pending — AcadianaMLS
• 2026-03-31 Pending — GSREIN
• 2026-02-09 Relisted — AcadianaMLS
• 2026-02-09 Price Changed $220,000 AcadianaMLS
• 2026-02-09 Relisted — GSREIN
• 2026-02-09 Price Changed $220,000 GSREIN
• 2025-10-01 Listing Removed — GSREIN
• 2025-07-28 Listed $170,000 AcadianaMLS
• 2025-07-28 Listed $170,000 GSREIN
• 2025-07-28 Listed $170,000 AcadianaMLS
• 2009-10-19 Sold (Public Records) $500 Public Records

Property tax history

+0.2%/yr

Latest (2025): $1,633 · -0.5% YoY. Source: county tax records.