39 Cherokee Trl · Ormond Beach, FL 32174

$280,000

3 bd · 3.0 ba · 1,962 sqft · SingleFamily public records · 242 Days on market

Built 1983 2,515 sqft lot $177/mo HOA · 7% of rent

---

Why this score? — see what drove the D 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 +12.0/30.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• 1% rule +3.7/10.0
• DSCR +3.5/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One or more photo(s) has been virtually staged. Discover spacious living and flexible design in this 3-bedroom, 3-bath townhome (approx. 1,962 sq. ft. ) in the highly regarded community of The Trails in Ormond Beach. Thoughtfully laid out for comfort and convenience, the main level features a generously sized bedroom and a full bath—ideal for guests, multigenerational living, or a private home office. Upstairs, the primary suite offers excellent closet storage and an en-suite bath, while a second “mini-suite” includes its own full bath for true privacy. A large loft on the second floor provides valuable flex space—perfect as a media room, play area, gym, or additional lounge. Storage is a standout here, with substantial closet capacity throughout the home to keep everything organized. Enjoy outdoor living on the expansive upstairs balcony with peaceful open-courtyard views—great for morning coffee or evening unwinding. This residence is brimming with potential and ready for your personal touch—a little TLC and updating will go a long way. The Trails’ lifestyle puts you minutes from shopping, dining, parks, and the beach, with convenient access to everyday essentials and coastal recreation. Community amenities add to the appeal and ease of living. Don’t miss this versatile Ormond Beach opportunity—schedule your private showing today! Roof Approximately 2 1/2 years old. No flooding.

Key facts

• Large loft
• Full bath
• Mini-suite

Tags

• GENEROUSLY SIZED BEDROOM
• FULL BATH
• EXCELLENT CLOSET STORAGE
• MINI-SUITE
• LARGE LOFT
• SUBSTANTIAL CLOSET CAPACITY

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $-67 ($-802/yr) — negative.
• To cash-flow at today's rent, offer at most $268k (4.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $243k (13.3% below list).
• Recommended offer: $243k (13.3% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 3.9% in Ormond Beach — 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 83/100 on livability (#55 in FL, #965 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, housing A+, health & safety A+; Watch: commute F.
• Volusia (suburban): math 44% / reading 49% proficiency, ranked #47 of 73 in FL (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Tomoka Elementary School (math 62% / reading 61%, grade B, #634 of 2,144 statewide, top 30%, 709 students, 50% FRL); David C. Hinson Sr. Middle School (math 52% / reading 49%, grade C, #246 of 571 statewide, top 44%, 950 students, 52% FRL); Seabreeze High School (math 31% / reading 56%, grade F, #248 of 667 statewide, top 38%, 1,654 students, 41% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: Rents rising (+1.6%/yr); 991 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 41% of the median local income ($71k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Volusia County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 242 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 29y ago; this cycle's ask has dropped $45k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $168k; list at $280k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $242,750 (13.3% 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 242 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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?
8. 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.
9. 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.
10. 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: 0.87% ✗
• Cap rate: 6.01%
• Cash-on-cash: -1.02%
• DSCR: 0.95
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.64% rent growth · sell at horizon

5-year hold

• IRR: -19.5%
• Equity multiple: 0.33×
• Total profit: $-52,839
• Equity at exit: $41,749

10-year hold

• IRR: -15.5%
• Equity multiple: 0.18×
• Total profit: $-64,306
• Equity at exit: $24,209

Cash invested: $78,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32174

• Rents YoY: 1.6%
• Active inventory: 991
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,428 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$223 /mo · $2,671/yr
• Insurance: −$117
• HOA: −$177
• Vacancy / Maint / Mgmt: −$510
• Net cashflow: $-67

Break-even live

Break-even rent $2,512

Max offer price $268,193

Occupancy floor 98%

Sensitivity live

Price	-10% $92	-5% $12	+0% $-67	+5% $-146	+10% $-225
Rent	-10% $-259	-5% $-163	+0% $-67	+5% $29	+10% $125
Rate	-1.0pp $74	-0.5pp $4	base $-67	+0.5pp $-139	+1.0pp $-213

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: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
25 Cherokee Trl Ormond Beach, FL	3.0	3.0	2056	$2,600	$1.26	17d	1	0.12mi
51 Brookwood Dr Ormond Beach, FL	3.0	2.0	1791	$2,100	$1.17	26d	1	0.41mi
162 Pine Cone Trl Ormond Beach, FL	3.0	2.0	1555	$2,100	$1.35	17d	1	0.44mi
67 Brookwood Dr Ormond Beach, FL	3.0	2.0	1602	$2,500	$1.56	26d	1	0.44mi
35 Magnolia Ave Unit 35 Ormond Beach, FL	2.0	2.0	1300	$1,800	$1.38	26d	1	0.53mi
7 Stone Haven Trl Ormond Beach, FL	3.0	2.0	1678	$2,200	$1.31	21d	1	0.75mi
36 Spring Meadows Dr Ormond Beach, FL	3.0	2.0	2036	$2,700	$1.33	26d	1	0.89mi
173 Nature Trl Ormond Beach, FL	3.0	2.5	1888	$2,350	$1.24	17d	1	1.18mi
356 Seminole Dr Ormond Beach, FL	4.0	3.0	1604	$3,295	$2.05	17d	1	1.21mi
145 Green Forest Dr Ormond Beach, FL	3.0	2.0	1625	$2,200	$1.35	26d	1	1.26mi

HOA detail

• Monthly dues: $177 · $2,124/yr
• Likely covers: gym

Listing history 34 events

1. 2026-06-23
   days on market $280,000 Active 242 DOM
2. 2026-06-22
   days on market $280,000 Active 241 DOM
3. 2026-06-18
   days on market $280,000 Active 238 DOM
4. 2026-06-17
   days on market $280,000 Active 237 DOM
5. 2026-06-16
   days on market $280,000 Active 236 DOM
6. 2026-06-15
   days on market $280,000 Active 235 DOM
7. 2026-06-14
   days on market $280,000 Active 233 DOM
8. 2026-06-10
   days on market $280,000 Active 230 DOM
9. 2026-06-09
   pricedays on market $280,000 Active 229 DOM
10. 2026-06-08
    days on market $294,500 Active 228 DOM
11. 2026-06-07
    days on market $294,500 Active 227 DOM
12. 2026-06-05
    days on market $294,500 Active 224 DOM
13. 2026-06-03
    days on market $294,500 Active 223 DOM
14. 2026-06-03
    days on market $294,500 Active 222 DOM
15. 2026-06-01
    days on market $294,500 Active 221 DOM
16. 2026-05-31
    days on market $294,500 Active 220 DOM
17. 2026-05-31
    days on market $294,500 Active 219 DOM
18. 2026-02-24
    price $294,500 1457-char remark

    Show marketing remark (1457 chars)

    One or more photo(s) has been virtually staged. Discover spacious living and flexible design in this 3-bedroom, 3-bath townhome (approx. 1,962 sq. ft. ) in the highly regarded community of The Trails in Ormond Beach. Thoughtfully laid out for comfort and convenience, the main level features a generously sized bedroom and a full bath—ideal for guests, multigenerational living, or a private home office. Upstairs, the primary suite offers excellent closet storage and an en-suite bath, while a second “mini-suite” includes its own full bath for true privacy. A large loft on the second floor provides valuable flex space—perfect as a media room, play area, gym, or additional lounge. Storage is a standout here, with substantial closet capacity throughout the home to keep everything organized. Enjoy outdoor living on the expansive upstairs balcony with peaceful open-courtyard views—great for morning coffee or evening unwinding. This residence is brimming with potential and ready for your personal touch—a little TLC and updating will go a long way. The Trails’ lifestyle puts you minutes from shopping, dining, parks, and the beach, with convenient access to everyday essentials and coastal recreation. Community amenities add to the appeal and ease of living. Don’t miss this versatile Ormond Beach opportunity—schedule your private showing today! Roof Approximately 2 1/2 years old. No flooding.

19. 2025-12-17
    price $297,000 1457-char remark

    Show marketing remark (1457 chars)

    One or more photo(s) has been virtually staged. Discover spacious living and flexible design in this 3-bedroom, 3-bath townhome (approx. 1,962 sq. ft. ) in the highly regarded community of The Trails in Ormond Beach. Thoughtfully laid out for comfort and convenience, the main level features a generously sized bedroom and a full bath—ideal for guests, multigenerational living, or a private home office. Upstairs, the primary suite offers excellent closet storage and an en-suite bath, while a second “mini-suite” includes its own full bath for true privacy. A large loft on the second floor provides valuable flex space—perfect as a media room, play area, gym, or additional lounge. Storage is a standout here, with substantial closet capacity throughout the home to keep everything organized. Enjoy outdoor living on the expansive upstairs balcony with peaceful open-courtyard views—great for morning coffee or evening unwinding. This residence is brimming with potential and ready for your personal touch—a little TLC and updating will go a long way. The Trails’ lifestyle puts you minutes from shopping, dining, parks, and the beach, with convenient access to everyday essentials and coastal recreation. Community amenities add to the appeal and ease of living. Don’t miss this versatile Ormond Beach opportunity—schedule your private showing today! Roof Approximately 2 1/2 years old. No flooding.

20. 2025-12-06
    price $305,000 1457-char remark

    Show marketing remark (1457 chars)

    One or more photo(s) has been virtually staged. Discover spacious living and flexible design in this 3-bedroom, 3-bath townhome (approx. 1,962 sq. ft. ) in the highly regarded community of The Trails in Ormond Beach. Thoughtfully laid out for comfort and convenience, the main level features a generously sized bedroom and a full bath—ideal for guests, multigenerational living, or a private home office. Upstairs, the primary suite offers excellent closet storage and an en-suite bath, while a second “mini-suite” includes its own full bath for true privacy. A large loft on the second floor provides valuable flex space—perfect as a media room, play area, gym, or additional lounge. Storage is a standout here, with substantial closet capacity throughout the home to keep everything organized. Enjoy outdoor living on the expansive upstairs balcony with peaceful open-courtyard views—great for morning coffee or evening unwinding. This residence is brimming with potential and ready for your personal touch—a little TLC and updating will go a long way. The Trails’ lifestyle puts you minutes from shopping, dining, parks, and the beach, with convenient access to everyday essentials and coastal recreation. Community amenities add to the appeal and ease of living. Don’t miss this versatile Ormond Beach opportunity—schedule your private showing today! Roof Approximately 2 1/2 years old. No flooding.

21. 2025-11-05
    price $320,000 1457-char remark

    Show marketing remark (1457 chars)

    One or more photo(s) has been virtually staged. Discover spacious living and flexible design in this 3-bedroom, 3-bath townhome (approx. 1,962 sq. ft. ) in the highly regarded community of The Trails in Ormond Beach. Thoughtfully laid out for comfort and convenience, the main level features a generously sized bedroom and a full bath—ideal for guests, multigenerational living, or a private home office. Upstairs, the primary suite offers excellent closet storage and an en-suite bath, while a second “mini-suite” includes its own full bath for true privacy. A large loft on the second floor provides valuable flex space—perfect as a media room, play area, gym, or additional lounge. Storage is a standout here, with substantial closet capacity throughout the home to keep everything organized. Enjoy outdoor living on the expansive upstairs balcony with peaceful open-courtyard views—great for morning coffee or evening unwinding. This residence is brimming with potential and ready for your personal touch—a little TLC and updating will go a long way. The Trails’ lifestyle puts you minutes from shopping, dining, parks, and the beach, with convenient access to everyday essentials and coastal recreation. Community amenities add to the appeal and ease of living. Don’t miss this versatile Ormond Beach opportunity—schedule your private showing today! Roof Approximately 2 1/2 years old. No flooding.

22. 2025-10-23
    listed $325,000 Active 1457-char remark

    Show marketing remark (1457 chars)

    One or more photo(s) has been virtually staged. Discover spacious living and flexible design in this 3-bedroom, 3-bath townhome (approx. 1,962 sq. ft. ) in the highly regarded community of The Trails in Ormond Beach. Thoughtfully laid out for comfort and convenience, the main level features a generously sized bedroom and a full bath—ideal for guests, multigenerational living, or a private home office. Upstairs, the primary suite offers excellent closet storage and an en-suite bath, while a second “mini-suite” includes its own full bath for true privacy. A large loft on the second floor provides valuable flex space—perfect as a media room, play area, gym, or additional lounge. Storage is a standout here, with substantial closet capacity throughout the home to keep everything organized. Enjoy outdoor living on the expansive upstairs balcony with peaceful open-courtyard views—great for morning coffee or evening unwinding. This residence is brimming with potential and ready for your personal touch—a little TLC and updating will go a long way. The Trails’ lifestyle puts you minutes from shopping, dining, parks, and the beach, with convenient access to everyday essentials and coastal recreation. Community amenities add to the appeal and ease of living. Don’t miss this versatile Ormond Beach opportunity—schedule your private showing today! Roof Approximately 2 1/2 years old. No flooding.

23. 2004-06-17
    soldstatus $168,000
24. 2004-06-11
    soldstatus $168,000 242-char remark

    Show marketing remark (242 chars)

    SPACIOUS TOWNHOME WITH ONE BEDROOM, 1 BATH DOWN. SCREENED PORCH OVERLOOKS CHARMING FENCED GARDEN AREA. LOFT IS FAMILY ROOM. STONE FIREPLACE, UPSTAIRS SUN DECK, LOADS OF STORAGE. KITCHEN HAS RECENT APPLIANCES, BREAKFAST AREA AND PLANNING DESK.

25. 2004-03-22
    listed $172,500 242-char remark

    Show marketing remark (242 chars)

    SPACIOUS TOWNHOME WITH ONE BEDROOM, 1 BATH DOWN. SCREENED PORCH OVERLOOKS CHARMING FENCED GARDEN AREA. LOFT IS FAMILY ROOM. STONE FIREPLACE, UPSTAIRS SUN DECK, LOADS OF STORAGE. KITCHEN HAS RECENT APPLIANCES, BREAKFAST AREA AND PLANNING DESK.

26. 2004-02-02
    historical
27. 2003-08-21
    listed $167,000
28. 2001-06-09
    soldstatus $128,900
29. 2001-05-30
    soldstatus $128,900
30. 2001-03-21
    listed $134,900
31. 1998-04-01
    soldstatus $85,000
32. 1998-03-30
    soldstatus $85,000
33. 1997-10-16
    listed $99,900
34. 1988-08-01
    soldstatus $92,500

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,671 · $223/mo
• Projected year-2 tax: $2,671 · $223/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,130
• − Mortgage interest: −$15,684
• − Property taxes: −$2,671
• − Insurance: −$1,400
• − Repairs & maintenance: −$2,330
• − Management: −$2,330
• − HOA: −$2,124
• − Depreciation: −$8,145
• Taxable loss: −$5,555
• Est. tax savings @ 24.0%: +$1,333
• After-tax cash flow: $531/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: Volusia
• NCES district ID: 1201920
• Math proficiency: 44% ▼ -9.00%
• Reading proficiency: 49% ▼ -3.00%
• Median HH income: $42,946
• Composite: 39.2/100
• National rank: #4019
• State rank: #47 of 73 in FL

Livability — Ormond Beach

• Score: 83/100
• State rank: #55
• US rank: #965

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ormond Beach, FL
• County: Volusia County · 556,871 people
• City population: 69,624
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 54,783
• Household income: $71,011
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 1158.0

Population outlook (Volusia County) Hauer SSP2

• Today (2025): 572,749 people
• By 2030: 598,695 · +4.5%
• By 2040: 644,880 · +12.6%
• By 2050: 681,451 · +19.0%
• By 2075: 759,957 · +32.7%
• By 2100: 778,902 · +36.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 6% Hispanic / Latino 5% Two or more races 5% Asian 3%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 3%
• Foreign-born: 7% · Canada, China
• Languages at home: 91% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Volusia

• 2024 margin: Strong R (+21.8) · D 38.7% · R 60.5%
• 2008→2024 swing: -27.4pp toward R · 2008: 5.7pp · 2024: -21.8pp
• All cycles: 2024: R+21.8 2020: R+14.1 2016: R+13.1 2012: R+1.2 2008: D+5.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -327.97%
• Current HPI: 271.92
• Rent YoY: ▲ 1.64%
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+218.4% since first listed

17 events — show timeline

• 2026-02-24 Price Changed $294,500 Stellar MLS as Distributed by MLS Grid
• 2025-12-17 Price Changed $297,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-06 Price Changed $305,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-05 Price Changed $320,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-23 Listed $325,000 Stellar MLS as Distributed by MLS Grid
• 2004-06-17 Sold (Public Records) $168,000 Public Records
• 2004-06-11 Sold (MLS) $168,000 Daytona MLS
• 2004-03-22 Listed $172,500 Daytona MLS
• 2004-02-02 Listing Removed — Daytona MLS
• 2003-08-21 Listed $167,000 Daytona MLS
• 2001-06-09 Sold (Public Records) $128,900 Public Records
• 2001-05-30 Sold (MLS) $128,900 Daytona MLS
• 2001-03-21 Listed $134,900 Daytona MLS
• 1998-04-01 Sold (Public Records) $85,000 Public Records
• 1998-03-30 Sold (MLS) $85,000 Daytona MLS
• 1997-10-16 Listed $99,900 Daytona MLS
• 1988-08-01 Sold (Public Records) $92,500 Public Records

Property tax history

-0.1%/yr

Latest (2025): $2,671 · +4.3% YoY. Source: county tax records.