Baylor County Real Estate and Livability Trends
Baylor County, Texas has shown promising real estate trends with median home values recovering from $62,000 in 2019 to $92,100 in 2022. This growth, while still under the Texas average of $238,000, could attract budget-conscious buyers. Rising real estate taxes, moving from around $2,191.67 in 2012 to $3,600.00 by 2021, might indicate increasing property values or changing tax policies.... Read more
Baylor County Market Trends
Baylor County, Texas has witnessed fluctuating median home values, with a notable recovery from $62,000 in 2019 to $92,100 in 2022. Although still lower than Texas' $238,000, this increase might present opportunities for budget-conscious buyers. Real estate taxes have also climbed from approximately $2,191.67 in 2012 to around $3,600.00 by 2021, which could signal a correlation with rising... Read more
Median Value of Occupied Housing Units in Baylor County, Texas Over the Last 8 Years
Baylor County, Texas has seen fluctuating median home values over the past eight years, with a significant dip to $62,000 in 2019 and a rebound to $92,100 by 2022. While the county's 2022 median is still substantially lower than Texas' $238,000 and the national figure of $179,400, the recent uptick could suggest emerging opportunities for investors or potential residents looking for more affordable options within Texas.
Average Real Estate Taxes Per Tax Return in Baylor County, TX Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Baylor County, Texas have generally trended upward. In 2012, the average was approximately $2,191.67 and reached a peak of about $3,600.00 by 2021. The most notable increases occurred from 2017 to 2019 and again towards 2021. This upward trend could be important for prospective investors, homeowners, and professionals within the real estate industry, signaling a possible correlation with rising property values or changes in tax policies.
Percentage of Farm Returns in Baylor County, TX Over the Last 10 Years
Over the last decade, Baylor County, Texas has seen a slight but steady decline in the percentage of farm tax returns, dropping from approximately 15.03% in 2012 to around 13.18% in 2021. Farm tax returns, which reflect the income reported from farm operations, can provide valuable insights into the economic health and viability of agricultural activities in the region. This trend could indicate various underlying factors such as shifts in local agriculture markets, changes in farming practices, or broader economic conditions affecting the county. Investors or individuals considering agricultural ventures in Baylor County should be mindful of these potential shifts, which may have implications for future economic opportunities and property values.
Number of Mortgages by Occupancy Type in Baylor County, TX Over the Last 5 Years in Baylor County
Over the last five years, Baylor County, Texas has seen fluctuating numbers in mortgages, with the most notable changes occurring in principal residences. Investment properties have generally remained low, while there has been a steady, but small, increase in second residences. The significant jump in mortgages for principal residences from 2019 to 2022 may suggest a shift towards more people choosing Baylor County as their primary living location. For investors, this trend might indicate a burgeoning interest in the area, despite the typically low numbers for investment properties. Meanwhile, the relative stability in the second residence category might reflect a steady appeal for vacation homes or secondary family dwellings. These changes in occupancy types matter because they can influence property values, insurance premiums, and even local development strategies. Those involved in real estate, whether buying, selling, or building, would be remiss not to consider these dynamics when making decisions in this county.
Economic Outlook
Baylor County, Texas has seen some interesting economic shifts over the past decade, with average taxable income per tax return oscillating, but ultimately peaking at $62,863.45 in 2021. Similarly, the average tax liability per return has seen a notable increase, hitting $9,713.39 in 2021 after a dip in 2013. This could hint at economic growth opportunities or shifts in taxpayer income, potentially influencing property values and investment returns in the real estate market. Investors, real... Read more
Average Taxable Income per Tax Return in Baylor County, TX over the last 9 years
Baylor County, Texas has seen a fluctuating pattern in average taxable income per tax return over the past nine years. Starting at $44,924.67 in 2013, the numbers saw their highs and lows, peaking notably at $62,863.45 in 2021. This upward trend, especially in recent years, might suggest economic growth opportunities. For investors, real estate agents, appraisers, and insurance agents, monitoring this data could provide insights into the county’s financial health and potential market shifts.
Average Total Tax Liability Per Tax Return in Baylor County, TX Over the Last 10 Years
Average total tax liability per tax return in Baylor County, Texas, has seen notable fluctuations over the past decade. While 2012 started off with an average of $8,759.80, it dipped to $7,590.38 in 2013 but then generally hovered around the $8,500 mark for several years. A more significant increase occurred in 2020 when the liability reached $9,522.00, continuing upward to $9,713.39 in 2021. This uptick could indicate a local economic rebound or shifts in taxpayer income within the county. For investors and real estate agents, these variations might suggest evolving economic conditions, potentially impacting property values and investment returns.
Cost of Living in Baylor County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,399 | $2,285 | $1,109 | $944 |
| 1 adult 4 children | $1,174 | $1,143 | $1,751 | $1,109 | $1,031 |
| 2 adults 3 children | $1,174 | $1,143 | $1,980 | $1,109 | $752 |
| 1 adult 3 children | $1,174 | $933 | $1,447 | $1,109 | $797 |
| 2 adults 2 children | $826 | $936 | $1,676 | $968 | $632 |
| 1 adult 2 children | $826 | $699 | $1,142 | $968 | $544 |
| 2 adults 1 child | $826 | $740 | $1,372 | $510 | $603 |
| 1 adult 1 child | $826 | $478 | $838 | $510 | $484 |
| 2 adults | $636 | $594 | $1,067 | $0 | $528 |
| 1 adult | $623 | $324 | $534 | $0 | $450 |
Safety trends & Data
Baylor County, Texas, has experienced fluctuating property crime rates in recent years, with a noticeable decline in burglary yet sporadic occurrences of vandalism and forgery. This trend may hint at a gradually improving safety landscape, though the variability in other crime types like larceny-theft and motor vehicle theft suggests an unpredictable environment. Investors and residents could find these dynamics critical when considering the area's real estate... Read more
Property Crime Trends in Baylor County, TX Over the Last 5 Years
Baylor County, Texas, has seen a varied pattern in property crime over the past five years, with notable fluctuations in incidents of larceny-theft and motor vehicle theft. While burglary seems to be on a decline, vandalism and forgery incidents have sporadically surfaced. This evolving landscape of property crime could be insightful for prospective investors, real estate agents, and residents, indicating a possibly improving but still somewhat unpredictable safety environment.
Demographics
Baylor County, Texas showcases a relatively equal gender distribution, with a slight female majority. The demographic trends hint at a significantly aging population, as the largest cohorts fall within the 55 to 64 and 65 to 74 age brackets, potentially indicating an increasing need for senior services. Regarding educational attainment, most adults have completed high school, though only a smaller proportion have gone on to earn a bachelor's degree or higher, which could imply limited access to... Read more
Race Distribution in Baylor County, Texas (2022)
Educational Attainment in Baylor County, Texas (2022)
Age Distribution in Baylor County, Texas
Citizen Population in Baylor County, Texas (2022)
Political Trends & Data
Baylor County, Texas, demonstrated significant Republican leanings in the 2020 U.S. Presidential Election, with the Republican candidate capturing nearly 88% of the vote. The Democratic candidate received just over 10%, while minor parties such as the Libertarians and Greens each secured about 1% or less. This suggests a predominantly conservative voter base and limited traction for other political parties in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Baylor County, Texas, exhibited overwhelming support for the Republican candidate in the 2020 U.S. Presidential Election, with nearly 88% of the vote, while the Democrat candidate received just over 10%. Minor parties like the Libertarians and Greens garnered minimal support, each securing around 1% or less. This trend may suggest a strong Republican base and limited appeal for other parties within the county.
87.78% of voters voted for the Republican party in the 2020 Presidential Election
10.75% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.06% of voters voted for the Green party in the 2020 Presidential Election
0.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Baylor County, Texas generally hovers between ten and twelve students per teacher, lower than the national average of 14. This might point to smaller class sizes and more individualized attention, possibly making it appealing for families. Real estate agents may find this enticing for potential buyers, while investors and developers could see a steady or increasing demand for quality housing near schools. Appraisers and insurance agents might also weigh this... Read more
Student-to-teacher ratio in Baylor County, Texas over the last 10 years
The student-to-teacher ratio in Baylor County, Texas over the past decade has generally fluctuated, mostly staying between ten and twelve students per teacher. This is below the current national average of 14 students per teacher, indicating potentially smaller class sizes and more individual attention for students. These smaller ratios could be a positive sign for families considering a move to Baylor County, as well as for real estate agents highlighting the benefits of local schools. For investors or developers, this trend might suggest a stable or slightly increasing demand for quality housing close to schools, making it a valuable consideration in their assessments. Appraisers and insurance agents might also view this stability as a factor in property values and risk evaluations.
