A study of the residential real estate market indicated that there is an overall inflationary trend. For dwellings within the Hays city limits the average overall inflationary trend was approximately 1.1% per year. For dwellings not located within the city of Hays the market trend was 1.6% per year.
A study of the commercial real estate market indicated that there is an overall inflationary trend of approximately 3.0%.
A study of the real estate market for vacant lots indicate that there is an overall inflationary trend of approximately 1.6%
Values on specific properties may not follow the general trend because of changes in the property, correction of descriptive information or adjustment of values based on sales of similar properties.