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Montgomery County Auditor: Residential Properties See Gains In Value

Miami Valley Fair Housing investigated more than 70 Fannie Mae properties from 2010, 2012, and 2014.
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Recent numbers show Montgomery County home values are continuing to recover after the Great Recession.

Montgomery County Auditor Karl Keith says, while commercial property values remained stable with a less than 1 percent increase, residential values are up about 6 percent. 

He says the increase in home values is good news for the housing market.

“To talk about a four-and-a-half-percent increase, yes, this is definitely good news. It reflects on the community as a whole as far as value, the overall economy of the community," Keith says. 

"It’s a very positive sign. We like to say it puts us back on track.” 

Keith says the four-and-a-half percent bump represents a more than $1 billion increase in property values throughout the county, although the auditor says that’s only about a third of the value lost in the last two cycles combined.

The auditor’s office is required to reevaluate property values every three years.

Keith says property owners should expect to receive notices about property valuation changes soon.

Jerry Kenney was introduced to WYSO by a friend and within a year of first tuning in became an avid listener and supporter. He began volunteering at the station in 1991 and began hosting Alpha Rhythms in February of 1992. Jerry joined the WYSO staff in 2007 as a host of All Things Considered and soon transitioned into hosting Morning Edition. In addition to now hosting All Things Considered, Jerry is the host and producer of WYSO Weekend, WYSO's weekly news and arts magazine. He has also produced several radio dramas for WYSO in collaboration with local theater companies. Jerry has won several Ohio AP awards as well as an award from PRINDI for his work with the WYSO news department. Jerry says that the best part of his job is being able to talk to people in the community and share their experiences with WYSO listeners.