928 Courthouse Rd #8 · Gulfport, MS 39507

$118,000

2 bd · 1.5 ba · 1,148 sqft · Condo public records · 159 Days on market

Built 1973 $103/sqft · 13% below area Est $135k · 13% under ↓ 9% since listing

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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).

• ARV discount +13.1/15.0
• Cash flow +10.5/30.0
• 1% rule +6.8/10.0
• Livability +3.7/5.0
• Rent growth +3.6/5.0
• Schools +3.4/10.0
• DSCR +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

You don't want to miss this charming 2bd 1.5ba townhouse condo located in a quiet, peaceful neighborhood. This home includes a stove, refrigerator, dishwasher, and in-unit washer and dryer for your convenience. Enjoy a private patio, perfect for relaxing or entertaining, along with a one-car garage for secure parking and extra storage. A comfortable and well-equipped home in serene setting-Move-In Ready! Experience the tranquility of a quiet neighborhood while being just minutes from white-sand beaches of MS Gulf Coast, waterfront parks, and top seafood restaurants. With easy access to Highway 90 and I-10, this home offers effortless coastal living in one of Gulfport's most desirable locations. Whether you're looking for a primary residence or a second home this property delivers lifestyle, location, and value. Please note: The fireplace is non-operational. The chimney was removed when the metal roof was installed.

Key facts

• One-car garage
• Private patio
• Garage

Tags

• PRIVATE PATIO
• IN-UNIT WASHER AND DRYER
• ONE-CAR GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $118k.

Deal economics

• At list price, monthly cash flow is $-127 ($-2k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $118k).
• Recommended offer: $104k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#15 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Gulfport School District (urban): math 41% / reading 42% proficiency, ranked #37 of 130 in MS (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Bayou View Elementary School (math 78% / reading 83%, grade A+, #2 of 375 statewide, top 0%, 682 students, 100% FRL); Bayou View Middle School (math 54% / reading 49%, grade C, #27 of 179 statewide, top 16%, 826 students, 100% FRL); Gulfport High School (math 42% / reading 36%, grade F, #54 of 197 statewide, top 28%, 1,728 students, 100% FRL) — zoned schools average 100% FRL vs 67% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 57% at this address vs 42% district-wide (+16 pts) — the actual schools serving this property are materially stronger than the Gulfport School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+4.3%/yr); 301 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($55k/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 $816 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Harrison County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 159 days — a 12% lower offer ($104k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago; this cycle's ask has dropped $11k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 29% of rent.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $103,840 (12.0% 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 159 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1973 — 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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?
11. 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.
12. 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.
13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.18% ✓
• Cap rate: 5.67%
• Cash-on-cash: -2.21%
• DSCR: 0.90
• GRM: 7.1

CMA / ARV

• ARV (median comp): $134,893
• List price: $118,000
• Delta: -12.52%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.26% rent growth · sell at horizon

5-year hold

• IRR: -21.6%
• Equity multiple: 0.24×
• Total profit: $-25,174
• Equity at exit: $17,594

10-year hold

• IRR: -10.9%
• Equity multiple: 0.28×
• Total profit: $-23,749
• Equity at exit: $10,202

Cash invested: $33,040 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Mississippi: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; very landlord-favorable; no rent control.

Methodology + full state rankings →

ZIP-level market 39507

• Home prices YoY: -27.1%
• Rents YoY: 4.3%
• Active inventory: 301
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,389 high
• Mortgage (P&I): −$619
• Tax from tax record: −$90 /mo · $1,083/yr
• Insurance: −$49
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA est. from 3 same-building comps: −$400
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $-127

Break-even live

Break-even rent $1,550

Max offer price $95,509

Occupancy floor —

Sensitivity live

Price	-10% $-61	-5% $-94	+0% $-127	+5% $-161	+10% $-194
Rent	-10% $-237	-5% $-182	+0% $-127	+5% $-72	+10% $-18
Rate	-1.0pp $-68	-0.5pp $-97	base $-127	+0.5pp $-158	+1.0pp $-189

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: $29,500
• Closing costs: $3,540
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
980 Courthouse Rd Unit 0409 Gulfport, MS	1.0	1.0	892	$1,139	$1.28	15d	1	0.07mi
980 Courthouse Rd Unit 0426 Gulfport, MS	1.0	1.0	892	$1,539	$1.73	45d	1	0.07mi
980 Courthouse Rd Unit 0829 Gulfport, MS	1.0	1.0	892	$1,160	$1.30	45d	1	0.07mi
980 Courthouse Rd Apt 512 Gulfport, MS	1.0	1.0	892	$1,209	$1.36	22d	1	0.07mi
980 Courthouse Rd Unit 1605 Gulfport, MS	2.0	2.0	1227	$1,355	$1.10	22d	1	0.07mi
200 Commerce St Gulfport, MS	2.0	1.0	900	$1,100	$1.22	22d	1	0.32mi
1400 Mill Rd Gulfport, MS	2.0	2.5	1290	$2,550	$1.98	45d	1	0.51mi
3503 Hancock Ave Gulfport, MS	2.0	2.5	1100	$1,100	$1.00	22d	1	0.62mi
477 Tegarden Rd Unit D Gulfport, MS	3.0	2.0	1300	$1,300	$1.00	15d	1	0.68mi
1114 Washington Ave Gulfport, MS	3.0	2.0	1200	$1,350	$1.12	22d	1	0.68mi
1618 Courthouse Rd Gulfport, MS	3.0	1.0	1168	$1,400	$1.20	45d	1	0.76mi
4801 Jefferson Ave Gulfport, MS	3.0	2.0	1072	$1,800	$1.68	22d	1	0.83mi
3209 F Ave Gulfport, MS	2.0	1.0	1000	$850	$0.85	45d	1	1.01mi
696 Hunters Glen Ln Gulfport, MS	3.0	1.5	1000	$1,800	$1.80	22d	1	1.04mi
124 30th 1/2 St Gulfport, MS	2.0	1.5	1007	$1,100	$1.09	45d	1	1.10mi
1525 E Pass Rd Gulfport, MS	1.0–3.0	1.0–2.0	1070	$1,369	$1.28	22d	1	1.11mi
986 Waterford Ln Gulfport, MS	3.0	1.5	1000	$1,650	$1.65	45d	1	1.13mi
229 Milray Ln Gulfport, MS	2.0	2.5	889	$1,795	$2.02	22d	1	1.14mi
1229 Century Oaks Dr Gulfport, MS	3.0	3.0	1200	$2,600	$2.17	22d	1	1.18mi
1270 Century Oaks Dr Gulfport, MS	3.0	3.0	1158	$1,950	$1.68	45d	1	1.22mi
1131 Century Oaks Dr Gulfport, MS	3.0	3.0	1156	$1,800	$1.56	45d	1	1.22mi
1276 Century Oaks Dr Gulfport, MS	3.0	3.0	1283	$2,100	$1.64	45d	1	1.25mi
1101 Century Oaks Dr Gulfport, MS	3.0	3.0	1330	$1,700	$1.28	45d	1	1.25mi
1100 Century Oaks Dr Unit A Gulfport, MS	3.0	3.0	1156	$2,200	$1.90	45d	1	1.26mi
1339 Foxwood Pl Gulfport, MS	3.0	2.0	1100	$1,375	$1.25	45d	1	1.41mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-06-22
   days on market $118,000 Active 159 DOM
2. 2026-06-18
   days on market $118,000 Active 156 DOM
3. 2026-06-17
   days on market $118,000 Active 155 DOM
4. 2026-06-16
   days on market $118,000 Active 154 DOM
5. 2026-06-15
   days on market $118,000 Active 153 DOM
6. 2026-06-14
   days on market $118,000 Active 151 DOM
7. 2026-06-13
   days on market $118,000 Active 150 DOM
8. 2026-06-10
   days on market $118,000 Active 148 DOM
9. 2026-06-09
   days on market $118,000 Active 147 DOM
10. 2026-06-08
    days on market $118,000 Active 146 DOM
11. 2026-06-07
    days on market $118,000 Active 145 DOM
12. 2026-06-05
    days on market $118,000 Active 142 DOM
13. 2026-06-02
    days on market $118,000 Active 140 DOM
14. 2026-06-01
    days on market $118,000 Active 139 DOM
15. 2026-05-31
    days on market $118,000 Active 138 DOM
16. 2026-05-30
    days on market $118,000 Active 137 DOM
17. 2026-05-16
    price $118,000 928-char remark

    Show marketing remark (928 chars)

    You don't want to miss this charming 2bd 1.5ba townhouse condo located in a quiet, peaceful neighborhood. This home includes a stove, refrigerator, dishwasher, and in-unit washer and dryer for your convenience. Enjoy a private patio, perfect for relaxing or entertaining, along with a one-car garage for secure parking and extra storage. A comfortable and well-equipped home in serene setting-Move-In Ready! Experience the tranquility of a quiet neighborhood while being just minutes from white-sand beaches of MS Gulf Coast, waterfront parks, and top seafood restaurants. With easy access to Highway 90 and I-10, this home offers effortless coastal living in one of Gulfport's most desirable locations. Whether you're looking for a primary residence or a second home this property delivers lifestyle, location, and value. Please note: The fireplace is non-operational. The chimney was removed when the metal roof was installed.

18. 2026-03-19
    price $120,000 928-char remark

    Show marketing remark (928 chars)

    You don't want to miss this charming 2bd 1.5ba townhouse condo located in a quiet, peaceful neighborhood. This home includes a stove, refrigerator, dishwasher, and in-unit washer and dryer for your convenience. Enjoy a private patio, perfect for relaxing or entertaining, along with a one-car garage for secure parking and extra storage. A comfortable and well-equipped home in serene setting-Move-In Ready! Experience the tranquility of a quiet neighborhood while being just minutes from white-sand beaches of MS Gulf Coast, waterfront parks, and top seafood restaurants. With easy access to Highway 90 and I-10, this home offers effortless coastal living in one of Gulfport's most desirable locations. Whether you're looking for a primary residence or a second home this property delivers lifestyle, location, and value. Please note: The fireplace is non-operational. The chimney was removed when the metal roof was installed.

19. 2026-03-02
    price $123,900 928-char remark

    Show marketing remark (928 chars)

    You don't want to miss this charming 2bd 1.5ba townhouse condo located in a quiet, peaceful neighborhood. This home includes a stove, refrigerator, dishwasher, and in-unit washer and dryer for your convenience. Enjoy a private patio, perfect for relaxing or entertaining, along with a one-car garage for secure parking and extra storage. A comfortable and well-equipped home in serene setting-Move-In Ready! Experience the tranquility of a quiet neighborhood while being just minutes from white-sand beaches of MS Gulf Coast, waterfront parks, and top seafood restaurants. With easy access to Highway 90 and I-10, this home offers effortless coastal living in one of Gulfport's most desirable locations. Whether you're looking for a primary residence or a second home this property delivers lifestyle, location, and value. Please note: The fireplace is non-operational. The chimney was removed when the metal roof was installed.

20. 2026-02-25
    price $127,000 928-char remark

    Show marketing remark (928 chars)

    You don't want to miss this charming 2bd 1.5ba townhouse condo located in a quiet, peaceful neighborhood. This home includes a stove, refrigerator, dishwasher, and in-unit washer and dryer for your convenience. Enjoy a private patio, perfect for relaxing or entertaining, along with a one-car garage for secure parking and extra storage. A comfortable and well-equipped home in serene setting-Move-In Ready! Experience the tranquility of a quiet neighborhood while being just minutes from white-sand beaches of MS Gulf Coast, waterfront parks, and top seafood restaurants. With easy access to Highway 90 and I-10, this home offers effortless coastal living in one of Gulfport's most desirable locations. Whether you're looking for a primary residence or a second home this property delivers lifestyle, location, and value. Please note: The fireplace is non-operational. The chimney was removed when the metal roof was installed.

21. 2026-01-13
    listed $128,900 Active 928-char remark

    Show marketing remark (928 chars)

    You don't want to miss this charming 2bd 1.5ba townhouse condo located in a quiet, peaceful neighborhood. This home includes a stove, refrigerator, dishwasher, and in-unit washer and dryer for your convenience. Enjoy a private patio, perfect for relaxing or entertaining, along with a one-car garage for secure parking and extra storage. A comfortable and well-equipped home in serene setting-Move-In Ready! Experience the tranquility of a quiet neighborhood while being just minutes from white-sand beaches of MS Gulf Coast, waterfront parks, and top seafood restaurants. With easy access to Highway 90 and I-10, this home offers effortless coastal living in one of Gulfport's most desirable locations. Whether you're looking for a primary residence or a second home this property delivers lifestyle, location, and value. Please note: The fireplace is non-operational. The chimney was removed when the metal roof was installed.

22. 2024-06-28
    soldstatus Closed 593-char remark

    Show marketing remark (593 chars)

    This move-in-ready condo is an ideal choice for a small family, a vacation home, or an attractive rental property for investors. Recently painted, this home boasts a private patio and a garage, offering both convenience and privacy. Additionally, all appliances, including the washer and dryer, are included, ensuring a hassle-free transition for the new owners. As an added bonus, the seller is offering a home warranty with an acceptable offer, providing peace of mind for the buyer. Don't miss out on this opportunity! Call today to schedule your viewing and make this charming condo yours.

23. 2024-06-21
    soldstatus
24. 2024-05-01
    status Pending 593-char remark

    Show marketing remark (593 chars)

    This move-in-ready condo is an ideal choice for a small family, a vacation home, or an attractive rental property for investors. Recently painted, this home boasts a private patio and a garage, offering both convenience and privacy. Additionally, all appliances, including the washer and dryer, are included, ensuring a hassle-free transition for the new owners. As an added bonus, the seller is offering a home warranty with an acceptable offer, providing peace of mind for the buyer. Don't miss out on this opportunity! Call today to schedule your viewing and make this charming condo yours.

25. 2024-03-23
    listed $129,000 Active 593-char remark

    Show marketing remark (593 chars)

    This move-in-ready condo is an ideal choice for a small family, a vacation home, or an attractive rental property for investors. Recently painted, this home boasts a private patio and a garage, offering both convenience and privacy. Additionally, all appliances, including the washer and dryer, are included, ensuring a hassle-free transition for the new owners. As an added bonus, the seller is offering a home warranty with an acceptable offer, providing peace of mind for the buyer. Don't miss out on this opportunity! Call today to schedule your viewing and make this charming condo yours.

26. 2024-02-28
    historical
27. 2024-02-09
    status Active
28. 2024-01-09
    status Pending
29. 2023-10-06
    status Active
30. 2023-06-23
    historical
31. 2023-06-23
    status Pending
32. 2023-05-31
    listed $129,900 Active

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

Tax reassessment forecast MS · Resets to sale price

• Current annual tax: $1,083 · $90/mo
• Projected year-2 tax: $1,083 · $90/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 7/10 Severe FEMA zone X (shaded) · 75% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,668
• − Mortgage interest: −$6,610
• − Property taxes: −$1,083
• − Insurance: −$1,388
• − Repairs & maintenance: −$1,333
• − Management: −$1,333
• − HOA: −$4,800
• − Depreciation: −$3,433
• Taxable loss: −$3,311
• Est. tax savings @ 24.0%: +$795
• After-tax cash flow: $-733/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: Gulfport School District
• NCES district ID: 2801710
• Math proficiency: 41% ▼ -15.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $35,712
• Composite: 34.38/100
• National rank: #5213
• State rank: #37 of 130 in MS

Livability — Gulfport

• Score: 73/100
• State rank: #15
• US rank: #5010

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gulfport, MS
• County: Harrison County · 178,171 people
• City population: 96,188
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 18,564
• Household income: $54,657
• Rent vs Own: 44.3% rent · 55.7% own
• Severe rent burden: 1059.0

Population outlook (Harrison County) Hauer SSP2

• Today (2025): 228,444 people
• By 2030: 241,942 · +5.9%
• By 2040: 267,531 · +17.1%
• By 2050: 291,062 · +27.4%
• By 2075: 346,711 · +51.8%
• By 2100: 378,165 · +65.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 24% Hispanic / Latino 6% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 2% Cuban 1%
• Common ancestry: Slovak 4% Lithuanian 4% Romanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 2% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Harrison

• 2024 margin: Strong R (+28.9) · D 35.0% · R 63.9% · Other 1.1%
• 2008→2024 swing: -2.9pp toward R · 2008: -26.0pp · 2024: -28.9pp
• All cycles: 2024: R+28.9 2020: R+25.2 2016: R+30.7 2012: R+26.6 2008: R+26.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -67.48%
• Current HPI: 181.6606
• Rent YoY: ▲ 4.26%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-9.2% since first listed

16 events — show timeline

• 2026-05-16 Price Changed $118,000 MLSU
• 2026-03-19 Price Changed $120,000 MLSU
• 2026-03-02 Price Changed $123,900 MLSU
• 2026-02-25 Price Changed $127,000 MLSU
• 2026-01-13 Listed $128,900 MLSU
• 2024-06-28 Sold (MLS) — MLSU
• 2024-06-21 Sold (Public Records) — Public Records
• 2024-05-01 Pending — MLSU
• 2024-03-23 Listed $129,000 MLSU
• 2024-02-28 Listing Removed — MLSU
• 2024-02-09 Relisted — MLSU
• 2024-01-09 Pending — MLSU
• 2023-10-06 Relisted — MLSU
• 2023-06-23 Listing Removed — MLSU
• 2023-06-23 Pending — MLSU
• 2023-05-31 Listed $129,900 MLSU

Property tax history

+28.4%/yr

Latest (2025): $1,083 · -45.0% YoY. Source: county tax records.