This past August, the Tarrant County Appraisal District issued the average value of single-family residential property by city showing another increase in market appraisals.
The City of Kennedale had a total of 2,553 housing units with an average market value of $315,473 and a taxable value of 270,656. TAD Reports by Cities 2018 (The taxable value is the amount used by TAD to access taxes)
How to make sense of this information …
One way to evaluate this information is to look back five years and compare the 2018 average values to 2022 while adding other cities in Tarrant County for perspective. TAD Reports
Small cities made some of the biggest percentages of increases such as River Oaks (68%) and Everman (60%), but all of the cities showed increases as would be expected. Arlington came in with 38.6%. Kennedale was #15 on the list at 32.2%. The list included 18 cities.
The following compares different cities between 2018 – 2022. The information is presented with the name; the average in 2018; the average in August 2022; and, the percentage of change. (* notes cities that are close in size to Kennedale)
Cities listed by 2018/2022 values/percentage of change …
- *River Oaks $108,253 – $181,933 = 68.1%
- Everman $95,738 – $153,560 = 60.4%
- White Settlement – $108,940 – $174,327 = 60.0%
- *Lake Worth $115,656 – $182,834 = 58.1%
- Forest Hill $108,720 – $165,354 = 52.1%
- Crowley $160,622 – $237,937 = 48.1%
- Azle – $175,562 – $258,917 = 47.5%
- *Richland Hills – $145,383 – $212,442 = 46.1%
- Fort Worth $188,536 -$261,185 = 38.9%
- Arlington $191,729 – $265,257 = 38.4%
- Grand Prairie $241,833 – $335,691 = 37.4%
- *Burleson $197,185 – $266,555 = 35.9%
- Southlake $737,866 – $989,089 = 34.0%
- Keller $398,836 – $536,307 = 32.7%
- Kennedale $238,697 – $315,473 = 32.2%
- Mansfield $268,698 – $353,500 = 31.6%
- Colleyville $565,322 – $738,460 = 30.7%
- Grapevine $342,740 – $436,307 = 27.3%
Growth in housing % puts Kennedale near the top in the area …
Based on the percentage increase over 5 years in the number of housing units, Kennedale ranked #2 behind Crowley. Crowley had a 22.7% increase while Kennedale had a 14.7% increase. The actual number for Kennedale was 328 for new single-family units added to 2,225 in five years. This time the number showed that there were actually two cities that showed a decrease (small) – Lake Worth and Everman.
Cities listed housing units in 2018/2022 & % change …
- Crowley 4,678 – 5691 = 22.7%
- Kennedale 2,225 -2,553 = 14.7%
- Azle 3,510 – 3,818 = 8.8%
- Fort Worth 216,769 – 234,262 = 8.1%
- Forest Hills 4,135 – 4,344 = 5.1%
- White Settlement 4,670 – 4,897 = 4.9%
- Arlington 92,953 – 97,359 = 4.8%
- Mansfield 17,355 – 18,144 = 4.7%
- Burleson 2,871 – 2,946 = 2.6%
- Grand Prairie 14,950 – 15,325 = 2.5%
- Colleyville 9,148 – 9,335 = 2.0%
- Southlake 9,182 – 9,346 = 1.8%
- Keller 14,090 – 14,321 = 1.7%
- Richland Hills 2,617 – 2,634 = 0.7%
- Grapevine 12,077- 12,154 = 0.6%
- River Oaks 2,676 – 2,688 = 0.4%
- Lake Worth 1,749 – 1,744 = <-0.3>
- Everman 1,795 – 1,781 = <-0.7>