Borden County Real Estate and Livability Trends
Borden County, Texas, has observed notable volatility in both economic and real estate metrics, with average taxable incomes swinging from $79,660.71 in 2017 to $119,420.69 in 2018 and median home values peaking at $153,300 in 2019 before dropping to $104,200 in 2022. These trends, diverging from state and national patterns, signal potential underlying economic instability but also point to a... Read more
Borden County Market Trends
Borden County, Texas has experienced notable volatility in median home values over the past eight years, peaking at $153,300 in 2019 and dropping to $104,200 in 2022, diverging from the state and national trends of gradual increases. Real estate taxes have also seen significant fluctuations, with averages ranging from $1,100.00 to $2,500.00 over the past decade, reflecting potential tax... Read more
Median Value of Occupied Housing Units in Borden County, Texas Over the Last 8 Years
Borden County, Texas has seen some fluctuations in median home values over the last eight years, with a significant spike in 2019 ($153,300) followed by a drop to $104,200 in 2022. Interestingly, this period of volatility contrasts sharply with the broader stability and gradual increase observed both at the state level in Texas and nationally. For investors, this might point to unique opportunities or challenges specific to Borden County that aren't as pronounced in larger markets. Additionally, the decline in 2022 could imply potential for value appreciation in the near future, making it an interesting case for those considering buying or building property in more localized markets.
Average Real Estate Taxes Per Tax Return in Borden County, TX Over the Last 5 Years
Average real estate taxes per tax return in Borden County, Texas have fluctuated significantly over the past five years. In 2013, the average was $2,100.00, which saw a sharp drop to $1,100.00 in 2014. By 2016, taxes spiked to $2,500.00, followed by a slight decrease to $2,250.00 in 2017. These variations could imply an inconsistent tax environment, potentially affecting long-term investment decisions.
Percentage of Farm Returns in Borden County, TX Over the Last 10 Years
Farm tax returns in Borden County, Texas have hovered between 28.00% and 32.14% over the past decade, indicating a relatively stable agricultural sector. The fluctuations suggest minor annual changes, potentially influenced by variations in crop yield, commodity prices, and agricultural policy. For investors and property developers, this consistency might imply a resilient farming community, potentially reflecting on land value stability and reliable agricultural investment opportunities. Those interested in moving to or living in Borden County might find the steady farm returns indicative of a robust local economy with a significant agricultural presence.
Number of Mortgages by Occupancy Type in Borden County, TX Over the Last 5 Years in Borden County
Over the last five years, Borden County, Texas has seen a varying but generally increasing trend in the number of mortgages for principal residences, notably peaking at 14 in 2022. Investment properties have remained minimal, with only single instances in 2018 and 2020. This shift towards principal residences could indicate a strengthening local housing market and perhaps a boost in long-term stability, which might be appealing for investors seeking a stable return, real estate agents looking for active markets, and potential movers desiring a settled community. For appraisers and insurance agents, these trends suggest shifting demand dynamics but also the necessity for up-to-date valuations and policies reflective of a predominantly residential clientele.
Economic Outlook
Borden County, Texas, has seen fluctuations in average taxable income per tax return, peaking at $119,420.69 in 2018 and dipping to $79,660.71 in 2017. This variability suggests economic instability or irregular financial events impacting the region. Additionally, average total tax liability per tax return also showed volatility, with a significant peak at $31,445.45 in 2018. Such trends could reflect shifts in local industries, demographic changes, or policy adjustments, providing valuable... Read more
Average Taxable Income per Tax Return in Borden County, TX over the last 9 years
Borden County, Texas, has exhibited notable fluctuations in average taxable income per tax return over the past nine years, peaking at approximately $119,420.69 in 2018 and seeing a low of around $79,660.71 in 2017. This variability could be indicative of economic instability or significant, irregular financial events impacting the region. Investors, real estate agents, and insurance professionals might find these trends compelling for risk assessments and forecasting potential income scenarios. For those considering moving or building property, understanding these income trends is crucial for gauging the economic landscape and making informed financial decisions.
Average Total Tax Liability Per Tax Return in Borden County, TX Over the Last 10 Years
The trends in Borden County, Texas show some significant fluctuations in average total tax liability per tax return over the last decade. Notably, there was a peak in 2018 with an average liability of $31,445.45, which stands out compared to other years. This volatility suggests an ever-changing economic environment which could be reflective of shifts in local industries, demographic changes, or policy adjustments. For potential investors, real estate agents, and others interested in economic patterns, these insights can offer a deeper understanding of economic stability and the fiscal landscape in Borden County.
Cost of Living in Borden County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,161 | $1,275 | $1,762 | $1,310 | $934 |
| 1 adult 4 children | $1,161 | $1,041 | $1,347 | $1,310 | $1,071 |
| 2 adults 3 children | $1,161 | $1,041 | $1,529 | $1,310 | $766 |
| 1 adult 3 children | $1,161 | $850 | $1,114 | $1,310 | $834 |
| 2 adults 2 children | $885 | $853 | $1,296 | $1,145 | $657 |
| 1 adult 2 children | $885 | $637 | $881 | $1,145 | $632 |
| 2 adults 1 child | $885 | $674 | $1,063 | $608 | $639 |
| 1 adult 1 child | $885 | $435 | $648 | $608 | $542 |
| 2 adults | $705 | $541 | $830 | $0 | $555 |
| 1 adult | $667 | $295 | $415 | $0 | $465 |
Safety trends & Data
Borden County, Texas has experienced minimal property crime incidents over the past three years, including isolated cases of vandalism and a small number of burglary and larceny-theft incidents. In 2021, only one motor vehicle theft was reported. This low frequency of property crimes could appeal to potential investors, homebuyers, or developers seeking a safer community and provide a sense of security for current... Read more
Property Crime Trends in Borden County, TX Over the Last 3 Years
Borden County, Texas has witnessed minimal property crime incidents over the past three years, with isolated cases of vandalism in 2018, and a burglary and two larceny-thefts in 2020. Additionally, 2021 saw just one motor vehicle theft. This low frequency of property crimes could be appealing for potential investors, homebuyers, or developers looking for a safer community, and provide a sense of security for those already residing in or considering moving to this area.
Demographics
Borden County, Texas, features a nearly balanced adult population by gender, with 223 males and 228 females. Educational attainment indicates a significant proportion of residents (53%) have some college education or higher, and bachelor's degrees are notably prevalent. Age distribution reveals a younger skew with the largest segment under 10 years, suggesting potential growth in services needed for this demographic in the future. The racial composition is predominantly White, with minimal... Read more
Race Distribution in Borden County, Texas (2022)
Educational Attainment in Borden County, Texas (2022)
Age Distribution in Borden County, Texas
Citizen Population in Borden County, Texas (2022)
Political Trends & Data
Borden County, Texas, exhibited a notable partisan tilt during the 2020 U.S. Presidential Election, with an estimated 95% of the votes potentially going to the Republican candidate. Democratic backing seemed minimal, hovering around 4%, while third parties barely made a dent with a combined share of roughly 1%. This strong Republican preference might signal entrenched political leanings within the county, indicative of broader regional... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Borden County, Texas, saw a significant lean toward the Republican party in the 2020 U.S. Presidential Election, with a possible indication that nearly 95% of the vote might have been cast for the Republican candidate. Democratic support appeared to be minimal at just about 4%, and other parties like Libertarian and Green received even less traction, barely reaching a combined 1%. This trend suggests a strong Republican preference in this county, reflecting perhaps deeper local or regional political affiliations.
95.43% of voters voted for the Republican party in the 2020 Presidential Election
3.85% of voters voted for the Democrat party in the 2020 Presidential Election
0.48% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
School Data
Over the last decade, Borden County, Texas has seen its student-to-teacher ratio decrease from roughly 14 students per teacher in 2014 to just under 10 in 2023, contrasting favorably with the current US national average of 14 students per teacher. This could suggest a more personalized educational environment, appealing to investors, real estate agents, and families eyeing a move. Additionally, appraisers and insurance agents might find this trend noteworthy, as higher educational quality often... Read more
Student-to-teacher ratio in Borden County, Texas over the last 10 years
Over the last ten years, Borden County, Texas has experienced a consistent decrease in its student-to-teacher ratio, dropping from around 14 students per teacher in 2014 to just under 10 in 2023. This trend reflects a significant improvement compared to the current US national average of 14 students per teacher. For investors, real estate agents, and families considering relocation, such a low ratio may indicate a more personalized and potentially higher quality of education, which can be an attractive factor. Appraisers and insurance agents might also take note, as educational quality often correlates with property values and community stability.
