Hidalgo County Real Estate and Livability Trends
Hidalgo County, New Mexico, has seen an upward trend in average taxable income per tax return, climbing from $35,755.38 in 2013 to $42,227.06 in 2021. Median home values have risen from $78,200 in 2015 to $102,500 in 2022, positioning it as a more affordable market compared to the rest of the state. Real estate taxes increased from $872.22 in 2012 to $1,850.00 in 2020, possibly signaling rising... Read more
Hidalgo County Market Trends
Hidalgo County's median home values rose from $78,200 in 2015 to $102,500 in 2022, making it a more affordable market compared to New Mexico overall. The local residential energy tax credit per tax return jumped sharply from $175.00 in 2013 to $1,600.00 in 2021, likely reflecting increased use of energy tax incentives. Real estate taxes also climbed from $872.22 in 2012 to $1,850.00 in 2020,... Read more
Median Value of Occupied Housing Units in Hidalgo County, New Mexico Over the Last 8 Years
Hidalgo County's median home values have seen a steady increase over the past eight years, rising from $78,200 in 2015 to $102,500 in 2022. This trend, while comparable to state-level growth, reveals a much more affordable market relative to New Mexico's state median, which jumped from $160,300 to $216,000 in the same period. Nationally, housing values surged more dramatically from $125,500 to $179,400, indicating that Hidalgo County may offer a more accessible entry point for homebuyers or investors looking to capitalize on a lower-cost market.
Residential Energy Tax Credit Per Tax Return in Hidalgo County, NM Over the Last 5 Years
Recent data suggests that Hidalgo County, New Mexico, has seen a significant fluctuation in its average residential energy tax credit per tax return over the last five years. Starting at $175.00 in 2013 and peaking dramatically at $1,600.00 in 2021, these values indicate a growing recognition or utilization of energy tax incentives. This trend could be of particular interest to those investing in sustainable property developments and for current homeowners considering energy-efficient upgrades, as it hints at potential benefits or changes in local energy policies and incentives. Real estate agents and appraisers may find these figures useful when advising clients on investment benefits related to energy efficiency in the area.
Average Real Estate Taxes Per Tax Return in Hidalgo County, NM Over the Last 9 Years
Real estate taxes per tax return in Hidalgo County, New Mexico have generally increased over the past nine years, starting from an average of $872.22 in 2012 and reaching $1,850.00 in 2020. This upward trend may indicate rising property values or changes in local tax policies, both of which are key considerations for prospective investors, homeowners, or real estate agents. Understanding these tax trends can help appraisers and insurance agents more accurately assess property values and insurance needs. Realtors and builders should also take note, as increasing taxes can affect market demand and pricing strategies.
Percentage of Farm Returns in Hidalgo County, NM Over the Last 10 Years
In Hidalgo County, New Mexico, the percentage of farm tax returns, which are filings by farmers detailing their income for tax purposes, has shown some fluctuation over the past 10 years. From 6.74% in 2012, the trend appeared relatively stable, with minor variations, peaking notably at 8.05% in 2017 and then slightly declining to hover around 7.00% in recent years. These trends might suggest some variability in the agricultural sector, which potential investors, property developers, or those interested in the local economy might find relevant for understanding the economic landscape of the area.
Number of Mortgages by Occupancy Type in Hidalgo County, NM Over the Last 5 Years in Hidalgo County
In Hidalgo County, New Mexico, the mortgage counts over the past five years show a consistent preference for principal residences, peaking notably in 2021 with 87 recorded mortgages. Investment properties and second residences trailed significantly behind, usually recording only single-digit figures annually. This pattern could suggest a stable residential community with fewer investment-driven property transactions. For investors, understanding this dynamic is crucial as it implies stronger demand for homes as primary living spaces rather than for rentals or vacation homes, which might influence the types of properties that are most beneficial to develop or sell. Real estate agents, appraisers, and insurance agents should all consider these trends when advising clients and assessing property values in the area.
Economic Outlook
Hidalgo County, New Mexico, has shown a general upward trend in average taxable income per tax return, rising from $35,755.38 in 2013 to $42,227.06 by 2021. This could reflect improvements in local economic conditions, making it potentially attractive for investors and new residents. Meanwhile, state and local income taxes have seen significant fluctuations, peaking at $7,750.00 in 2020 before settling at $5,850.00 in 2021. This variability, along with noticeable shifts in total tax liability... Read more
Average Taxable Income per Tax Return in Hidalgo County, NM over the last 9 years
Hidalgo County, New Mexico, has experienced some fluctuations in average taxable income per tax return over the past nine years, with a noticeable dip in 2016 and 2017, but overall, it has shown a general upward trend. Starting at $35,755.38 in 2013, the average taxable income increased to $42,227.06 by 2021. This incremental rise could indicate improvements in economic conditions or employment opportunities in the area, potentially making it a more attractive location for investors and new residents. Real estate agents, appraisers, and insurance agents might find these trends useful in evaluating property values and assessing market stability.
Average State and Local Income Taxes Per Tax Return in Hidalgo County, NM Over the Last 10 Years
Hidalgo County, New Mexico has seen significant fluctuations in average state and local income taxes per tax return over the last decade, rising from $3,457.89 in 2012 to a peak of $7,750.00 in 2020 before settling at $5,850.00 in 2021. This volatile trend may indicate evolving economic conditions and potential changes in local tax policies. For investors, real estate agents, and those looking to move to the area, this variability could suggest both opportunities and risks, necessitating a closer look into local economic factors. Appraisers and insurance agents might also consider these trends when evaluating property values and risk assessments.
Average Total Tax Liability Per Tax Return in Hidalgo County, NM Over the Last 10 Years
Over the past decade, Hidalgo County, New Mexico has experienced noticeable fluctuations in average total tax liability per tax return, with values ranging from approximately $4,694.50 to $5,280.00. This variability could suggest economic shifts or changes in local tax policies that potential investors, property developers, real estate agents, and residents may want to consider. Appraisers and insurance agents might also find these trends noteworthy when assessing property values or determining coverage options.
Cost of Living in Hidalgo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,000 | $1,464 | $2,438 | $1,397 | $1,297 |
| 1 adult 4 children | $1,000 | $1,195 | $1,886 | $1,397 | $1,344 |
| 2 adults 3 children | $1,000 | $1,196 | $2,104 | $1,397 | $1,026 |
| 1 adult 3 children | $1,000 | $976 | $1,553 | $1,397 | $1,069 |
| 2 adults 2 children | $795 | $979 | $1,770 | $1,226 | $874 |
| 1 adult 2 children | $795 | $731 | $1,219 | $1,226 | $804 |
| 2 adults 1 child | $795 | $774 | $1,436 | $670 | $781 |
| 1 adult 1 child | $795 | $500 | $885 | $670 | $628 |
| 2 adults | $637 | $622 | $1,103 | $0 | $590 |
| 1 adult | $582 | $339 | $551 | $0 | $505 |
Safety trends & Data
Property crime in Hidalgo County, New Mexico has fluctuated over the past four years, with vandalism peaking at 20.00 incidents in 2021. Burglary and motor vehicle theft surged in 2022, reaching 14.00 and 7.00 incidents respectively. While embezzlement and fraud have remained relatively low, newer categories like arson emerged in 2021. These trends may signal evolving security challenges, which are important for investors, insurance agents, and property developers to consider when assessing... Read more
Property Crime Trends in Hidalgo County, NM Over the Last 4 Years
Property crime in Hidalgo County, New Mexico has shown diverse trends over the past four years. Vandalism remains a significant concern, peaking at 20.0 incidents in 2021. Burglary and motor vehicle theft also surged in 2022, with incidents climbing to 14.0 and 7.0 respectively. Embezzlement and fraud have stayed relatively low, while newer categories like arson appeared in 2021. These fluctuations suggest evolving security challenges, important for potential investors, insurance agents, and property developers to monitor as they assess risk and investment viability in the region.
Demographics
Hidalgo County, New Mexico sees a fairly balanced gender split among its adult population, with males and females almost even. The region shows diverse educational attainment, where high school graduates make up the largest segment but a significant portion still hasn't completed high school. Age-wise, a skew towards both the younger and older brackets suggests a possibly transitioning population. Racially, the county is predominantly White with minimal representation from other groups,... Read more
Race Distribution in Hidalgo County, New Mexico (2022)
Educational Attainment in Hidalgo County, New Mexico (2022)
Age Distribution in Hidalgo County, New Mexico
Citizen Population in Hidalgo County, New Mexico (2022)
Political Trends & Data
Hidalgo County, New Mexico, leaned heavily Republican in the 2020 U.S. Presidential Election, with about 56.70% of votes going to the GOP. Democrats captured roughly 41.70%, indicating strong but smaller support. Minor parties, including Libertarian and Green, each garnered just over half a percent, highlighting a primarily two-party preference with limited alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hidalgo County, New Mexico, leaned heavily Republican in the 2020 U.S. Presidential Election, with about 56.7% of votes going to the GOP. Democrats captured roughly 41.7% of the vote, suggesting a significant, though smaller, base of support. Minor parties, including the Libertarian and Green parties, garnered minimal shares, each pulling in just over half a percent. This distribution indicates a primarily two-party preference, with limited traction for alternative political movements.
56.74% of voters voted for the Republican party in the 2020 Presidential Election
41.69% of voters voted for the Democrat party in the 2020 Presidential Election
0.66% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.61% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hidalgo County, New Mexico, has experienced notable swings in its student-to-teacher ratio over the past decade, hitting a peak of 20:1 in 2021 and averaging between 11 to 14 in other years. This fluctuation impacts educational quality, which in turn affects property values and future investments. When the ratio soared, concerns about overcrowded classrooms surfaced, while more favorable ratios implied better student attention, potentially drawing families to the area. Real estate professionals... Read more
Student-to-teacher ratio in Hidalgo County, New Mexico over the last 10 years
Over the past decade, Hidalgo County, New Mexico, has seen significant fluctuations in its student-to-teacher ratio, peaking at 20 students per teacher in 2021 and averaging lower around 11 to 14 in other years. This variability affects educational quality, influencing property values and future investments in the area. With a high of 20 students per teacher well above the US national average of 14, there might be concerns about classroom overcrowding. Conversely, years with lower ratios suggest more personalized attention to students, which can be a draw for families considering relocating. Real estate agents, appraisers, and insurance agents may see these trends as indicators of the county's educational stability and population dynamics.
