Maybe Some Townhouse Developments Have Fewer Homeowners (Living In Those Townhouses) Than I Thought

Before I look at any given set of real estate data, I usually have some sort of an idea in my head of what the data is likely going to indicate.  I'm not always exactly right in my guess as to what I'll find when digging into the data - but I'm usually not overly surprised.

A fellow agent asked me a few weeks ago about how many townhouses in Taylor Spring I thought were owner occupied vs. tenant occupied.

I think I guessed that 80% or more were owner occupied.  That was just my general feel for the neighborhood.  It seems to mostly be homeowners.

I was wrong.  Pretty significantly wrong.

I pulled the property records for all townhouses in Taylor Spring and then determined which were owner occupied based on whether the tax bills are sent to the actual property (likely owner occupied) or sent to a different address (likely not owner occupied) and this is what I found...

Total Townhouses = 185

Owner Occupied = 94

Percent Owner Occupied = 51%

So, it seems that about half of the townhouses in Taylor Spring are rentals.

I was surprised, though mainly just because of my general assumption about what I was going to find.

Are you surprised?