Bailey County Real Estate and Livability Trends
Bailey County, Texas, has seen its median home values almost double to $112,400 in 2022 from $58,300 in 2015, though still lagging behind state and national averages. Homeowners are increasingly investing in energy efficiency, as evidenced by the jump in average residential energy tax credits from $333.33 in 2016 to $700.00 in 2021. Mortgage counts for principal residences rose sharply from 83 in... Read more
Bailey County Market Trends
Bailey County, Texas has seen its median home values nearly double from $58,300 in 2015 to $112,400 in 2022, although still trailing behind state and national medians. The average residential energy tax credit per tax return has more than doubled, from $333.33 in 2016 to $700.00 in 2021, hinting at significant investments in energy-efficient home improvements. Despite fluctuations in real estate... Read more
Median Value of Occupied Housing Units in Bailey County, Texas Over the Last 8 Years
Bailey County, Texas has seen its median home values substantially increase over the past eight years, climbing from $58,300 in 2015 to $112,400 in 2022. While these values remain below the Texas state median, which jumped from $136,000 to $238,000 in the same period, and the national median, which rose from $125,500 to $179,400, Bailey County's growth trajectory is compelling. For investors and those considering building or moving to Bailey County, this could suggest a rising demand and potential opportunity for property appreciation in the area.
Residential Energy Tax Credit Per Tax Return in Bailey County, TX Over the Last 3 Years
Bailey County, Texas has seen a notable increase in the average residential energy tax credit per tax return over the past few years. In 2013 and 2016, this credit averaged $333.33, but in 2021, it has risen significantly to $700.00. This uptick is likely indicative of more sizable investments in energy-efficient improvements by homeowners, which may appeal to potential investors, insurance agents, and real estate developers interested in energy-conserving properties.
Average Real Estate Taxes Per Tax Return in Bailey County, TX Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Bailey County, Texas have shown notable fluctuation. Starting at $3,413.04 in 2012, there's been a general upward trend, peaking at $5,275.00 in 2019. However, there's been a recent dip to $4,250.00 by 2021. This variability may signal underlying economic factors or property value changes that investors, developers, and real estate professionals should consider when making decisions in the area. Keep an eye on these tax trends, as they can significantly impact housing affordability and overall investment viability.
Percentage of Farm Returns in Bailey County, TX Over the Last 10 Years
Bailey County, Texas, has seen fluctuations in the percentage of farm tax returns over the last decade, with values ranging from approximately 7.57% to 9.89%. Despite some variations, the figures have maintained a relatively stable trend, suggesting consistent agricultural activity. For investors, builders, and potential residents, these returns can indicate the vitality of the farming community and potential opportunities or challenges associated with agricultural investments. Farm tax returns typically reflect the income reported from farming activities, which can provide insights into the economic stability and productivity of the region's agricultural sector.
Number of Mortgages by Occupancy Type in Bailey County, TX Over the Last 5 Years in Bailey County
The mortgage data for Bailey County, Texas shows a notable shift towards principal residences over the last five years, with counts rising from 83 in 2018 to 159 by 2021. Investment property mortgages demonstrate more volatility, peaking at 14 in 2018 and fluctuating thereafter. Second residences remain consistently low. These trends could indicate a burgeoning demand for owner-occupied homes, potentially driving up property values and altering risk profiles for insurers. Investors might find fewer opportunities, but this shift also suggests a stable, growing community attractive to new residents and businesses alike. Real estate agents and developers should be mindful of these patterns when advising clients or planning new projects.
Economic Outlook
Bailey County, Texas, has seen its average taxable income rise from roughly $39,892.93 in 2013 to over $51,500.00 in 2021, suggesting growing financial stability or higher earning potential. The county's total tax liability per tax return has been more erratic, with notable fluctuations from $8259.15 in 2012 to $6578.47 in 2014, and peaks around $7875.68 in 2015 and $7858.38 in 2020. These trends might signal shifting fiscal pressures and intriguing opportunities for real estate investors,... Read more
Average Taxable Income per Tax Return in Bailey County, TX over the last 9 years
Average taxable income per tax return in Bailey County, Texas has shown a general upward trend over the last nine years. Starting at approximately $39,892.93 in 2013, the average taxable income rose to over $51,500.00 in 2021. Despite some fluctuations, such as a dip in 2016, the overall increase indicates growing financial stability or higher earning potential in the area. Given this pattern, potential investors and real estate agents might see Bailey County as a viable prospect with increasing economic prospects. Economic growth could also be beneficial for those in insurance and appraisal industries, giving them more reason to explore future opportunities in this region.
Average Total Tax Liability Per Tax Return in Bailey County, TX Over the Last 10 Years
Over the past decade, Bailey County, Texas, has seen fluctuations in average total tax liability per tax return, starting at $8259.15 in 2012 and experiencing considerable fluctuations thereafter. The most significant decline can be noted between 2012 and 2014, where it dropped to $6578.47. Interestingly, the tax liabilities peaked again in 2015 and 2020 at around $7875.68 and $7858.38 respectively, suggesting varying economic or policy changes during those years. Real estate investors and appraisers might consider these trends indicative of shifting fiscal pressures, while insurance agents might see a connection to potential property value adjustments. This variability could impact financial planning and property evaluations in the area.
Cost of Living in Bailey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,436 | $2,079 | $1,199 | $889 |
| 1 adult 4 children | $1,005 | $1,172 | $1,592 | $1,199 | $976 |
| 2 adults 3 children | $1,005 | $1,173 | $1,803 | $1,199 | $706 |
| 1 adult 3 children | $1,005 | $958 | $1,316 | $1,199 | $727 |
| 2 adults 2 children | $826 | $960 | $1,527 | $1,046 | $630 |
| 1 adult 2 children | $826 | $717 | $1,040 | $1,046 | $576 |
| 2 adults 1 child | $826 | $759 | $1,250 | $548 | $614 |
| 1 adult 1 child | $826 | $490 | $763 | $548 | $506 |
| 2 adults | $658 | $610 | $974 | $0 | $545 |
| 1 adult | $623 | $332 | $487 | $0 | $474 |
Safety trends & Data
Bailey County, Texas has exhibited fluctuating property crime rates over the past five years, with Larceny-Theft dropping from 19.0 cases in 2018 to just 1.0 by 2020, then slightly rising to 3.0 in 2022. Motor Vehicle Theft stayed relatively low, peaking at 3.0 in 2022 from 2.0 in 2018. Noticeable were the intermittent instances of Fraud and Forgery, alongside varying Vandalism rates, which peaked at 9.0 in 2018 and fell to 5.0 in 2021. Burglary incidents were only significant in 2019 with 7.0... Read more
Property Crime Trends in Bailey County, TX Over the Last 5 Years
Bailey County, Texas has seen fluctuating trends in property crime over the last five years. While Larceny-Theft showed a significant drop from 19.0 reported incidents in 2018 to just 1.0 by 2020, it rebounded slightly to 3.0 in 2022. Motor Vehicle Theft remained relatively low, peaking slightly at 3.0 in 2022 from 2.0 in 2018. There were intermittent cases of Fraud and Forgery, while Vandalism incidents varied, peaking at 9.0 in 2018 and dropping to 5.0 in 2021. Burglary had a noticeable presence only in 2019 with 7.0 incidents. These trends could inform decisions related to property investments, insurance assessments, and community safety plans.
Demographics
Bailey County, Texas has a nearly balanced gender distribution. The majority of the population has at least a high school diploma, but fewer hold a bachelor's or graduate degree, possibly indicating room for educational improvement. Age-wise, the county skews younger, with a significant proportion under 34 years old. Racially, the area is predominantly White, though there is some diversity with minorities present in smaller percentages. Such demographics could influence local policies,... Read more
Race Distribution in Bailey County, Texas (2022)
Educational Attainment in Bailey County, Texas (2022)
Age Distribution in Bailey County, Texas
Citizen Population in Bailey County, Texas (2022)
Political Trends & Data
Bailey County, Texas, leans heavily Republican, with approximately 77% of the 2020 U.S. Presidential Election votes going to the GOP and nearly 22% to the Democrats. Minimal votes went to Libertarian and Green parties, hinting at limited third-party impact. This trend could mirror political sentiments common in rural or less populated Texas... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bailey County, Texas, shows a notable preference for Republican candidates, with approximately 77% of the votes cast in the 2020 U.S. Presidential Election going to the GOP. The Democrat party garnered nearly 22%, indicating a considerable minority but still underscoring a strong conservative leaning in this area. Libertarian and Green party votes were minimal, suggesting third-party influence is quite limited in this locality. This voting pattern might reflect broader political sentiments prevalent in rural or less densely populated regions of Texas.
77.10% of voters voted for the Republican party in the 2020 Presidential Election
21.99% of voters voted for the Democrat party in the 2020 Presidential Election
0.75% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% 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
Bailey County, Texas boasts a stable and favorable student-to-teacher ratio of around 12:1, lower than the national average of 14:1. This trend could entice families looking for enhanced educational outcomes and more personalized attention for their children. For real estate agents and appraisers, this data highlights a community that places a high value on education, potentially influencing property values and market appeal for prospective... Read more
Student-to-teacher ratio in Bailey County, Texas over the last 10 years
Bailey County, Texas has consistently maintained a lower student-to-teacher ratio compared to the national average of fourteen students per teacher, with numbers hovering around twelve students per teacher over the past decade. This lower ratio could appeal to families seeking more personalized attention for their children in classrooms, potentially enhancing educational outcomes. Similar ratios may interest educators or investors in educational services, hinting at a community valuing smaller class sizes and potentially higher teaching quality. An understanding of this trend is also valuable for real estate agents and appraisers, offering insight into the educational environment that might affect property values and attractiveness to prospective homebuyers.
