The 6.4% rise in real estate values includes $606.3 million in new construction and $1.09 billion in revaluations.

The growth will provide a modest increase under state-mandated levy limits to continue services to city residents at current levels, city finance director David Schmiedicke said, adding that the new construction will allow a roughly 1.3% increase, or about $3.15 million, in tax collections for the next operating budget.

In addition to the 5.7% rise for the average single-family home, the city saw increases in the average value of condominiums of 6.2%, two-unit apartments of 6.3% and three-unit apartments of 3.7%, all a bit lower than last year’s changes.

For single-family homes, the $165 million in new construction was the second-highest since 2010, and the $684 million in revaluations was the highest since 2010.

Although new construction for single-family homes was strong, $14 million in new construction for condominiums was roughly half that seen in each of the last two years and the second-lowest total since 2010. The numbers suggest a temporary lull because the city is seeing a lot of interest in condo construction, Drea said. “In the next year or two, we’ll see quite a boom,” she said.