Bosque County Real Estate and Livability Trends
Bosque County, Texas has seen increasing average taxable incomes, from $48,587.00 in 2013 to around $70,404.11 by 2021, hinting at improved economic conditions and potentially more affluent residents. Median home values have also climbed significantly, from $88,800 in 2015 to $151,400 in 2022, even though these remain below state and national averages. Interestingly, real estate taxes per return... Read more
Bosque County Market Trends
Bosque County, Texas has seen a climb in median home values from $88,800 in 2015 to $151,400 in 2022, indicating growing appeal despite being below the Texas and national averages. Residential energy tax credits have surged, peaking at $2333.33 in 2020, reflecting increased investment in energy-efficient homes. Real estate taxes per return more than doubled from $3,140.00 in 2013 to around... Read more
Median Value of Occupied Housing Units in Bosque County, Texas Over the Last 8 Years
Bosque County, Texas has experienced a significant climb in median home values over the past eight years, progressing from $88,800 in 2015 to $151,400 in 2022. Even though these values are still below Texas's average, which rose from $136,000 to $238,000 in the same timeframe, and the national median which saw a rise from $125,500 to $179,400, the upward trend in Bosque County suggests growing appeal. This could be an indicator for potential investors or those looking to move to this area, as housing values tend to increase due to desirability or development, setting the stage for possible lucrative property gains in the future.
Residential Energy Tax Credit Per Tax Return in Bosque County, TX Over the Last 9 Years
Over the last nine years, Bosque County, Texas has experienced a notable increase in the average residential energy tax credit per tax return, with a peak in 2020 at $2333.33. This upward trend, particularly the sharp rise from $700.00 in 2017 to $1600.00 in 2018, suggests a growing investment in energy-efficient home improvements. The implications could be significant for potential investors, property developers, and homeowners focused on long-term sustainability and cost savings. Real estate agents and insurance agents may also find value in these insights, as energy efficiency could be a key selling point or factor in risk assessments.
Average Real Estate Taxes Per Tax Return in Bosque County, TX Over the Last 10 Years
Average real estate taxes per tax return in Bosque County, Texas have generally been on an upward trend over the past decade. From a low of around $3,140.00 in 2013, the taxes have more than doubled, reaching approximately $7,203.70 by 2021. Notably, significant jumps occurred in 2018 and 2019, suggesting potential property value increases or tax rate changes. This trend might be important for potential investors, appraisers, and insurance agents, indicating rising costs and possibly appreciating property values in the area.
Percentage of Farm Returns in Bosque County, TX Over the Last 10 Years
Bosque County, Texas has seen slight fluctuations in the percentage of farm returns over the last decade, beginning at 11.72% in 2012 and peaking at 12.02% in 2013. The percentage remained relatively stable, hovering around 11.50% to 11.86% until 2017, followed by a gradual decline to 10.23% in 2020, and staying almost consistent at 10.20% in 2021. Farm tax returns are tied to the number of farms claiming agricultural tax exemptions, which reveals trends in local agricultural activity and economic stability. This matters for potential investors, property developers, and residents as it can indicate the economic health and viability of farmland, potentially impacting property values and development opportunities in Bosque County.
Number of Mortgages by Occupancy Type in Bosque County, TX Over the Last 5 Years in Bosque County
The trends in mortgage counts over the past five years in Bosque County, Texas reveal that principal residences consistently dominate the market, though there was a notable increase in 2021. Investment properties and second residences maintain much lower volumes but show slight fluctuations, such as a dip in 2020 for investment properties. These trends matter because shifts in principal residences suggest changes in long-term population stability, which can impact home values, local economic health, and demand for services. For investors and builders, the relative stability in second residence and investment property mortgages signals limited, yet consistent, opportunities. Real estate agents and insurance agents should thus consider these patterns when advising clients and structuring products. These data trends can provide critical insight into the evolving needs of the local housing market.
Economic Outlook
Bosque County, Texas has experienced a noticeable rise in average taxable income per tax return from around $48,587.00 in 2013 to about $70,404.11 by 2021, hinting at a potentially more affluent population and solid economic conditions. The average state and local income taxes per tax return have seen significant fluctuations, which might suggest volatility in fiscal policies or economic conditions, crucial for long-term financial evaluations. Additionally, average total tax liabilities per tax... Read more
Average Taxable Income per Tax Return in Bosque County, TX over the last 9 years
Bosque County, Texas has seen a generally upward trend in average taxable income per tax return over the past nine years, rising notably from around $48,587.00 in 2013 to approximately $70,404.11 by 2021. This steady growth could be attractive for investors and real estate agents, suggesting a potentially more affluent population and robust economic conditions. Insurance agents and property developers might also find this data relevant as it hints at increased financial stability among residents, which may correlate with lower risk assessments and a more vibrant market for high-value properties.
Average State and Local Income Taxes Per Tax Return in Bosque County, TX Over the Last 6 Years
The average state and local income taxes per tax return in Bosque County, Texas fluctuated significantly over the past six years. Starting at $2,900.00 in 2012, there was a sharp surge in 2013 to $5,560.00, followed by a dip to $3,560.00 in 2014. The values appear to stabilize somewhat from 2015 to 2017, hovering around the $3,650.00 to $4,025.00 range. These changes suggest potential volatility in the area’s fiscal policies or economic conditions, which may be crucial for investors, real estate agents, and other stakeholders to consider when evaluating long-term financial commitments or property valuations in the county.
Average Total Tax Liability Per Tax Return in Bosque County, TX Over the Last 10 Years
Over the past decade in Bosque County, Texas, average total tax liabilities per tax return have been on an upward trajectory. Specifically, from 2012 to 2021, average tax liabilities rose from around $8,002.27 to approximately $11,595.58. This steady increase is important for potential investors, real estate agents, and those considering moving to the area, as it could signal both rising incomes and potential shifts in property valuations. For insurance agents and property developers, understanding these trends may help anticipate future market conditions and the financial health of residents.
Cost of Living in Bosque County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,143 | $1,287 | $1,848 | $1,105 | $763 |
| 1 adult 4 children | $1,143 | $1,051 | $1,414 | $1,105 | $838 |
| 2 adults 3 children | $1,143 | $1,051 | $1,603 | $1,105 | $604 |
| 1 adult 3 children | $1,143 | $858 | $1,169 | $1,105 | $612 |
| 2 adults 2 children | $826 | $861 | $1,359 | $964 | $522 |
| 1 adult 2 children | $826 | $643 | $924 | $964 | $457 |
| 2 adults 1 child | $826 | $680 | $1,114 | $505 | $527 |
| 1 adult 1 child | $826 | $439 | $679 | $505 | $433 |
| 2 adults | $628 | $546 | $869 | $0 | $471 |
| 1 adult | $623 | $298 | $434 | $0 | $420 |
Safety trends & Data
In Bosque County, Texas, property crime rates have varied significantly over the past five years. While 2018 experienced higher incidents of larceny-theft ($14.00$ incidents) and burglary ($9.00$ incidents), recent years have seen a substantial decline. By 2021 and 2022, most crime categories recorded minimal occurrences, despite a slight rise in arson cases with $3.00$ incidents in 2022. These trends suggest possible improvements in security measures or increased community involvement,... Read more
Property Crime Trends in Bosque County, TX Over the Last 5 Years
Bosque County, Texas, has shown notable fluctuations in property crime over the past five years. Initially, 2018 saw a higher number of incidents across various crime categories, especially larceny-theft (14.0) and burglary (9.0). However, subsequent years witnessed a significant drop in these activities, with 2021 and 2022 recording only minimal occurrences in most categories. While arson showed a small uptick in 2022 with 3.0 cases, other crime types like burglary and larceny-theft decreased. This shift could indicate improving security measures or community engagement, making it a potentially safer environment for residents and investors alike.
Demographics
Bosque County, Texas, showcases a relatively balanced gender distribution among adults, with females slightly outnumbering males. Educational attainment reveals a substantial segment with just a high school diploma, yet a notable presence of individuals holding an associate's or higher degree. The age distribution indicates a significant proportion of residents above 55, hinting at a potentially aging population. Racial data points to a predominantly White community, with other minority groups... Read more
Race Distribution in Bosque County, Texas (2022)
Educational Attainment in Bosque County, Texas (2022)
Age Distribution in Bosque County, Texas
Citizen Population in Bosque County, Texas (2022)
Political Trends & Data
In Bosque County, Texas, the 2020 U.S. Presidential Election results heavily leaned towards the Republican party with about 82% of the votes, hinting at strong conservative preferences. Meanwhile, the Democratic party garnered around 17%, and third-party candidates barely registered with less than 1% each. This trend might indicate a political landscape where conservative values dominate, which could influence local policy decisions and potentially impact real estate market dynamics such as... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Bosque County, Texas, the 2020 U.S. Presidential Election seemed to heavily favor the Republican party, with an approximate 82% share of the votes. The Democratic party trailed significantly with around 17%, while third-party candidates, including Libertarian and Green, barely made an impact with less than 1% each. This voting pattern might suggest strong conservative leanings in this area.
81.84% of voters voted for the Republican party in the 2020 Presidential Election
17.10% of voters voted for the Democrat party in the 2020 Presidential Election
0.91% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Bosque County, Texas, the student-to-teacher ratio has decreased from 11 students per teacher in 2014 to around 10 in 2023, lower than the national average of 14. This trend could attract families valuing individualized education, and real estate agents may leverage this as a selling point, potentially boosting property values and demand. Both investors and insurers might view this educational quality as a positive factor in evaluating the area's... Read more
Student-to-teacher ratio in Bosque County, Texas over the last 10 years
Over the last decade, the student-to-teacher ratio in Bosque County, Texas has shown a downward trend, from 11 students per teacher in 2014 to around 10 students per teacher in 2023. This continually decreasing ratio, which is significantly below the current national average of 14 students per teacher, could be quite appealing for families prioritizing individualized attention in education. Investors and real estate agents might find this a strong selling point for the community, as schools with lower student-to-teacher ratios often carry a perception of higher educational quality. Additionally, appraisers and insurance agents might infer the attractiveness of the area for these reasons, potentially affecting property values and demand.
