Houston Daily

The home at 22302 Fairbay Drive, Cinco Ranch was sold on May 22 by Joseph O Broussard Jr. for $463,120.

The buyer was Yesenia Valdez.

The property tax paid for this property in 2020 was $10,654. This is 2.3% of the assessed value of the home.

This property is one of 17 sales in Cinco Ranch (Fort Bend County) from April 22 to May 22.

This story was found on BlockShopper.com.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.