Trotwood Redevelopment Corp finds big demand for renovated homes

See how property values in your community have declined since recession

Montgomery County’s property valuation took a big hit from the Great Recession and foreclosure crisis but is expected to finally recover from its decline once the 2020 revaluation process is complete, according to Montgomery County Auditor Karl Keith. 

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The value of residential, agricultural, industrial and commercial property plunged in 2011 after hitting a peak in 2010. 

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Trotwood Redevelopment Corp finds big demand for renovated homes

Keith said the county’s $26.1 billion total property valuation is currently 7.6 percent lower than in 2010. 

Those figures do not include the value of public utilities. 

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Keith office is in the midst of a 2020 revaluation of all property in the county.

“Given what we’ve seen so far and where we are in the revaluation that we are doing we think it is very likely the county will recover the valuation that it lost during the Great Recession,” Keith said.

RELATED: What homes are selling for in your community

The Fountain Avenue neighborhood in Dayton was hard hit by the foreclosure crisis and has not recovered. Houses all along the street are dilapidated, with broken windows, overgrown yards and boards nailed over doors and windows. PHOTOS by Lynn Hulsey
Photo: Staff Writer

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