Texas Real Estate and Livability Trends
Texas' real estate market has been bustling, with median home values soaring from $136,000.00 in 2015 to $238,000.00 in 2022, outpacing national trends. Interestingly, energy-efficient home improvements are on the rise, as average residential energy tax credits jumped from $445.33 in 2013 to $2,532.77 in 2021. Real estate taxes have also surged, hitting an average of $10,071.15 per tax return by... Read more
Texas Market Trends
Texas has seen a marked rise in median home values, jumping from $136,000 in 2015 to $238,000 in 2022, considerably outpacing the national median increase during the same period. The average residential energy tax credit has also surged, from $445.33 in 2013 to $2,532.77 in 2021, signaling growing incentives for energy-efficient home improvements. Real estate taxes have doubled over the past... Read more
Median Value of Occupied Housing Units in Texas Over the Last 8 Years
Over the past eight years, Texas has experienced a significant rise in median home values, increasing from $136,000 in 2015 to $238,000 in 2022. When compared to the national median, which rose from $125,500 to $179,400 in the same period, Texas's housing market seems to be growing at a faster rate. For those looking to invest, move to, or build property in Texas, this trend could suggest a robust and appreciating real estate landscape. Residents and potential buyers might find the local market appealing due to its dynamic and upward trajectory.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Texas over the last 10 years
Active Loans 30-60 Days Past Due in Texas over the last 10 years in Texas
Perent of loans that are Active Loans 90-180 Days Past Due in Texas over the last 10 years in Texas
Residential Energy Tax Credit Per Tax Return in Texas Over the Last 9 Years
Over the last nine years, the average residential energy tax credit per tax return in Texas has seen a notable upward trend. From a modest $445.33 in 2013, it peaked sharply at $2,472.31 in 2018 and reached $2,532.77 in 2021. This consistent increase suggests growing incentives for energy-efficient home improvements, making it a potentially lucrative opportunity for investors and builders prioritizing sustainable features. Such trends can also be crucial for insurance agents and appraisers as energy-efficient homes may carry different risk profiles and higher valuations. Real estate agents might find this data valuable when marketing properties to eco-conscious buyers.
Average Real Estate Taxes Per Tax Return in Texas Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Texas have shown a clear upward trend, increasing from $5,375.23 in 2012 to $10,071.15 in 2021. This substantial rise, especially the sharp jumps from 2017 onwards, could suggest a booming real estate market and growing property values, impacting investment potential and affordability. Investors, appraisors, insurance agents, and real estate professionals might need to factor in these escalating tax costs when evaluating opportunities in Texas' real estate landscape.
Percentage of Farm Returns in Texas Over the Last 10 Years
Over the past decade in Texas, there has been a slight decline in the percentage of farm tax returns, dropping from 2.05% in 2012 to 1.75% in 2021. Farm tax returns essentially reflect the number of tax filings associated with agricultural operations, which can provide insight into the economic health and trends within the farming sector. This gradual decrease might indicate a shift in land use or the economic viability of farming in the region. Potential investors, developers, or residents might find this trend useful when considering the dynamics of agricultural land use, rural investment opportunities, and property development in Texas. Understanding these trends can help in making informed decisions about land acquisitions and future business ventures within the state.
Economic Outlook
In Texas, the average taxable income per tax return peaked at $89,789.08 in 2021, hinting at a possibly strengthening economy that may attract investors, developers, and new residents. State and local income taxes have increased significantly from $10,194.10 in 2012 to $26,841.33 in 2021, a trend that could influence property values and cost of living. Additionally, the average total tax liability per tax return showed notable fluctuations, reaching $17,505.35 in 2021. These financial trends... Read more
Average Taxable Income per Tax Return in Texas over the last 9 years
Over the past nine years, Texas has seen a notable increase in the average taxable income per tax return, peaking at $89,789.08 in 2021. Periods of gradual growth with occasional dips, such as in 2016 and 2019, reflect underlying economic shifts and possibly policy changes. These income trends can indicate a strengthening economy, potentially attracting investors, real estate developers, and those considering relocation to benefit from a growing income base. Additionally, such data could be of interest to appraisers and insurance agents in assessing the fiscal health and risk profiles of the region.
Average State and Local Income Taxes Per Tax Return in Texas Over the Last 10 Years
Over the past decade, Texas has seen a notable rise in average state and local income taxes per tax return. Between 2012 and 2021, the amount increased from $10,194.10 to $26,841.33. Such a trend might be indicative of broader economic shifts in the state, potentially affecting property values, cost of living, and investment opportunities. Those interested in the Texas market should keep an eye on these figures as they could influence decisions on where to invest or build, as well as expectations for potential returns.
Average Total Tax Liability Per Tax Return in Texas Over the Last 10 Years
Over the last decade, Texas has seen notable fluctuations in average total tax liability per tax return, peaking at $17,505.35 in 2021. After a dip in 2016 to $13,067.42, the trend generally moves upwards, reflecting potential shifts in economic factors and legislative changes. This pattern may interest real estate agents and appraisers who need to take tax implications into account when evaluating property values. Investors and potential movers might also find these trends relevant as they consider the long-term financial landscape of Texas.
Cost of Living in Texas
Safety trends & Data
Texas has witnessed notable fluctuations in property crimes over the past five years. Fraud has consistently topped the charts, peaking at $63,477.00 in 2018 and slightly declining to $42,931.00 in 2022. Arson, however, has seen an upward trajectory from $5,423.00 in 2018 to $7,616.00 in 2022, which could concern insurers and investors. Motor vehicle theft has seen a remarkable decline from $457.00 in 2018 to $231.00 in 2022, indicating potential effectiveness in deterrent measures. For real... Read more
Property Crime Trends in Texas Over the Last 5 Years
Texas has witnessed notable fluctuations in property crimes over the past five years, with specific types showing different trends. Fraud consistently leads with values peaking at 63,477.00 in 2018 and slightly declining to 42,931.00 in 2022. Interestingly, arson's upward trajectory from 5,423.00 in 2018 to 7,616.00 in 2022 may raise eyebrows for potential insurers and investors. Meanwhile, motor vehicle theft, although a smaller slice of the crime pie, has seen a remarkable decline from 457.00 in 2018 to 231.00 in 2022, potentially signaling effective deterrent measures. For real estate agents and developers, understanding these shifts is crucial as they directly impact property valuations, insurance premiums, and community safety perceptions.
Demographics
Texas' male and female populations are almost equal, reflecting a balanced gender distribution. Education levels show a broad spread, with a significant portion of adults pursuing higher education, though many still do not complete high school. Age-wise, the state has a youthful demographic, but a sizable aging population is on the rise. Racial diversity is prominent, with significant representation across several ethnic groups, indicative of Texas' varied cultural landscape. This demographic... Read more
Race Distribution in Texas (2022)
Educational Attainment in Texas (2022)
Age Distribution in Texas
Citizen Population in Texas (2022)
Political Trends & Data
Texas showed a lean towards the Republican party in the 2020 U.S. Presidential Election with roughly 52% of the votes, while Democrats captured about 46%. Third parties had minimal influence, with the Libertarian and Green parties gathering about 1% and 0.3%, respectively. This indicates Texas may continue to be a strongly contested state, showing a slight Republican edge but a notable Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Texas, the 2020 U.S. Presidential Election results showed a leaning towards the Republican party at approximately 52%, with Democrats gathering around 46%. The Libertarian and Green parties captured roughly 1% and 0.3% of the vote, respectively. Other parties made up a negligible fraction, indicating that third-party influence was minimal in this election. These trends might suggest Texas remains a strongly contested state with a slight Republican edge, though not without significant Democratic presence.
52.06% of voters voted for the Republican party in the 2020 Presidential Election
46.48% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Libertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Texas, the student-to-teacher ratio has typically ranged between twelve and thirteen over the last decade, slightly lower than the national average of fourteen. This means more individualized attention for students, which could appeal to real estate investors and families considering a move. Quality education could also be a significant selling point for insurance agents, appraisers, and real estate agents when assessing and promoting property... Read more
Student-to-teacher ratio in Texas over the last 10 years
Over the last decade, the student-to-teacher ratio in Texas has hovered mostly between twelve and thirteen, slightly below the national average of fourteen. This implies potentially more individualized attention for students compared to other states. For those considering investing in Texas' real estate market or educational institutions, this lower ratio could be an attractive selling point. It might also influence families deciding to move to the state, as smaller class sizes are often associated with better educational outcomes. Insurance agents and appraisers might find this data useful when assessing property values, emphasizing quality education as a neighborhood asset. Real estate agents can leverage this information to highlight the advantages of the local school districts to prospective buyers.
