The lack of affordable housing that has hindered the local real estate market in recent years is certainly not a phenomenon unique to Kerrville. Across the United States, home prices are rising at twice the rate of wage growth, while at the same time the demand for housing is outpacing the current supply.

Locally, the lack of new housing starts has played a key role in Kerrville’s currently sparse housing options. Almost 84 percent of the homes in Kerrville were built before 2000. The downturn in new, affordable home construction over the past two decades has been fueled by both the recession of 2007-09 and rising land prices in more recent years. As a result, the median value of a home in Kerrville today is close to $200,000, according to the website Neighborhood Scout. (The national median home value was $250,000 in the third quarter of 2018 per an article in the National Association of Realtors’ publication, “The Evolving Form of Housing.”)

(7) comments

SHELTON

and I will add that such entertainment it is, watching kids damage their brains. gene

SHELTON

I remember that well, and I thought it was 2 million. but I think that was paid for by the boosters club. but as usual, they lied. they talked about all the money to be saved by not watering, but never mentioned that it would have to be periodically replaced. and they don't pay for that. the school system does. at the time I did some research and wrote one of my usual letters pointing out about increased injuries and a form of infection caused by astro turf ( I call it that as my late brother in law worked for 3m and was instrumental in inventing it). but lets dont let any facts stand in the way of feeding the maw of the great god football. after all, we must be entertained. gene

SHELTON

and it seems to me if you were worried about good old boys making money at our expense, you might question why we spent 8 million on expanding the football stadium, while ignoring maintenance on the middle school to the point that it was decided to tear it down. that administration and school board deserves a statue of shame on the courthouse yard for those decisions. gene

POPE

I do agree with you on this Gene. Remember when we spent 1 million dollars to put astroturf on the high school football field....in a town that averages 27" of rain per year?

SHELTON

not everybody is a thief, and some people try to look down the road and anticipate what the future may bring. I'm all for more affordable housing. things are tough here. I dont mind some of my money going to help hard working people who are less fortunate than I am. I think the future of Kerrville depends on younger people buying homes here. Gene

James WESSELING

Look carefully at the new road being put in to provide access to new middle school. There will be some GOB's hooking up with the city to build in that area. My guess is that it is already decided and the Real Estate city council will run into executive session, provide lip service and seal the deal.

POPE

I do remember a time when the local Republican leadership would look to free markets to solve supply / demand issues. Remember the mantra "let the market sort it out"? You won't hear this in Kerrville, as it interferes with the primary goal of passing your tax dollars to GOB members. The new mantra is "raise taxes and look to government to solve your problems". In my opinion, McDaniel is telling us the city is going to accelerate it's program of gifting huge amounts of cash to connected, GOB developers. It just keeps getting worse.

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