Bowie County Real Estate and Livability Trends
In Bowie County, Texas, median home values have risen significantly from $101,800 in 2015 to $150,300 in 2022, hinting at potential growth opportunities for investors seeking appreciating yet affordable properties. Simultaneously, real estate taxes have nearly doubled, which could imply increased property valuations. A consistent student-to-teacher ratio below the national average and declining... Read more
Bowie County Market Trends
Median home values in Bowie County, Texas have seen a notable increase over the past eight years, from $101,800 in 2015 to $150,300 in 2022. This makes the area potentially more attractive for investors seeking affordable yet appreciating properties. The average residential energy tax credit per return has fluctuated significantly, peaking at $1,950.00 in 2018, indicating varying residential... Read more
Median Value of Occupied Housing Units in Bowie County, Texas Over the Last 8 Years
The median home values in Bowie County, Texas have demonstrated a steady rise over the past eight years, increasing from $101,800 in 2015 to $150,300 in 2022. This local trend contrasts with the broader market in Texas and the U.S., where home values began at higher baselines of $136,000 and $125,500 respectively in 2015, reaching $238,000 in Texas and $179,400 nationally in 2022. The relatively lower median values in Bowie County could make it an attractive option for those looking to invest in more affordable properties while still benefiting from substantial appreciation over time.
Residential Energy Tax Credit Per Tax Return in Bowie County, TX Over the Last 9 Years
The average residential energy tax credit per tax return in Bowie County, Texas has shown significant fluctuations over the last nine years, indicating variability in residential energy investments. Starting at approximately $479.03 in 2013, there was a notable increase peaking at $1,950.00 in 2018, with a drop to $800.00 in 2019, and a subsequent rise to $1,225.00 in 2021. This data likely reflects changing incentives and possibly varying degrees of homeowner participation in energy-efficient upgrades, making it essential for potential investors and residents to consider the county’s evolving energy landscape.
Average Real Estate Taxes Per Tax Return in Bowie County, TX Over the Last 10 Years
Over the last decade, Bowie County, Texas has experienced a significant increase in average real estate taxes per tax return, climbing from approximately $3,702.65 in 2012 to about $7,076.47 in 2021. The most noticeable jump occurred between 2017 and 2018, with a sharp rise from $4,566.98 to $6,179.19. This trend could potentially affect various stakeholders, including investors, potential homebuyers, and real estate professionals, signaling a possible uptrend in property valuations and underscoring the importance of accounting for higher property tax expenses when planning financials in this area.
Percentage of Farm Returns in Bowie County, TX Over the Last 10 Years
Over the past decade, Bowie County, Texas has seen relatively stable percentages of farm tax returns, hovering between 3.31% and 3.73%. This indicates a modest but steady agricultural activity in the region. Farm tax returns are important as they reflect the volume of agricultural business and land usage, providing insight into the rural economy's health. For potential investors, this stability might suggest a dependable environment for agribusiness ventures. For those considering relocation or developing property, it hints at a local economy with a continuous agricultural backbone, potentially influencing land value and community lifestyle.
Number of Mortgages by Occupancy Type in Bowie County, TX Over the Last 5 Years in Bowie County
In Bowie County, Texas, the fluctuation in mortgage counts across different occupancy types reveals insightful trends. The notable increase in principal residence mortgages from 2,534 in 2018 to a peak at 4,202 in 2020, before settling at 3,033 in 2022, suggests a dynamic residential market potentially driven by broader economic factors or demographic shifts. Meanwhile, investment properties and second residences have shown more stability, with investment properties hovering around 300 to 355 mortgages annually, and second residences maintaining a modest range from 26 to 45 mortgages. Understanding these patterns is crucial for investors, developers, and real estate professionals as it influences property demand, pricing, and development planning, while appraisors and insurance agents can align their assessments and policies with these occupancy trends.
Economic Outlook
Over the past decade in Bowie County, Texas, the average taxable income per tax return has shown a significant upward trend, particularly between 2020 and 2021, rising dramatically from $57,571.51 to $73,788.46. This could indicate substantial economic changes or growth in high-income earners. Simultaneously, fluctuations in state and local income taxes, peaking at $12,321.43 in 2021, alongside a jump in total tax liability per tax return to $13,650.22, are notable. The percentage of people... Read more
Average Taxable Income per Tax Return in Bowie County, TX over the last 9 years
Over the last nine years, the average taxable income per tax return in Bowie County, Texas has shown a general upward trend, with significant jumps in recent years. From 2013 to 2017, the gradual increase from approximately $49,584.63 to $52,972.40 could suggest a moderately steady economic growth. However, a notable spike occurred between 2017 and 2018, where the average taxable income rose to about $58,068.42, indicating a possible economic boost or other influencing factors. The most remarkable increase happened between 2020 and 2021, where the average taxable income sharply rose from $57,571.51 to an impressive $73,788.46, potentially signaling significant economic changes or growth in high-income earners in the area. This data could be particularly intriguing for investors, real estate agents, and anyone considering the economic climate of Bowie County.
Average State and Local Income Taxes Per Tax Return in Bowie County, TX Over the Last 10 Years
Over the past decade in Bowie County, Texas, average state and local income taxes per tax return have shown significant fluctuations. Starting from $5,559.14 in 2012, there was a notable dip in 2014 to $4,498.88, followed by a mixed recovery. However, a sharp increase was seen in 2018, reaching $10,657.14, and continuing upward to $12,321.43 by 2021. This volatility can impact financial planning for those considering investing or moving to the area, as well as appraisals and insurance premiums. Understanding these trends is crucial for real estate agents, prospective homeowners, and local residents aiming to navigate the tax landscape effectively.
Average Total Tax Liability Per Tax Return in Bowie County, TX Over the Last 10 Years
Over the past decade, Bowie County, Texas, has seen fluctuations in the average total tax liability per tax return, peaking notably at $13,650.22 in 2021. After relatively steady figures oscillating around the $9,000-$9,700 range, this recent spike is atypical and may suggest economic changes, policy shifts, or demographic adjustments. Investors, real estate agents, and insurance professionals might find this jump significant in assessing the area's financial landscape and potential for future developments or investments.
Cost of Living in Bowie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,115 | $1,335 | $1,977 | $1,194 | $787 |
| 1 adult 4 children | $1,115 | $1,090 | $1,512 | $1,194 | $852 |
| 2 adults 3 children | $1,115 | $1,091 | $1,715 | $1,194 | $619 |
| 1 adult 3 children | $1,115 | $890 | $1,250 | $1,194 | $621 |
| 2 adults 2 children | $895 | $893 | $1,453 | $1,039 | $557 |
| 1 adult 2 children | $895 | $667 | $988 | $1,039 | $491 |
| 2 adults 1 child | $895 | $706 | $1,191 | $533 | $549 |
| 1 adult 1 child | $895 | $456 | $727 | $533 | $448 |
| 2 adults | $713 | $567 | $930 | $0 | $488 |
| 1 adult | $708 | $309 | $465 | $0 | $434 |
Safety trends & Data
Bowie County, Texas has seen a significant drop in property crime over the past five years, making it potentially more attractive for real estate investments. Larceny-theft incidents fell from 755 in 2018 to 236 in 2022. Burglary cases also dropped from 60 to 19, and motor vehicle theft decreased from 56 to 19. Even fraud, which peaked at 98 cases in 2021, declined to 71 in 2022. These trends suggest enhanced community safety and effective law enforcement, possibly boosting the county's appeal... Read more
Property Crime Trends in Bowie County, TX Over the Last 5 Years
Bowie County, Texas has experienced a notable decline in property crime over the past five years. Larceny-theft, which had the highest incidents at 755 in 2018, dropped significantly to 236 by 2022. Similarly, burglary saw a decrease from 60 cases in 2018 to just 19 in 2022. While motor vehicle theft had some fluctuations, it too showed a downward trend, decreasing from 56 to 19. Interestingly, fraud cases peaked in 2021 with 98 instances but saw a decline to 71 by 2022. The reduction in these key property crimes may hint at improved community safety and effectiveness of local law enforcement, making it a potentially safer area for real estate investments.
Demographics
Bowie County, Texas, reveals an almost equal gender split among adults, with males slightly outnumbering females. Educational achievement shows a large proportion having completed high school or some college, hinting at a potential workforce with basic to moderate education levels. The age distribution indicates a fairly balanced population across nearly all age groups, with a noticeable peak in the 25 to 34-year range, often indicative of a working-age demographic. Racial composition... Read more
Race Distribution in Bowie County, Texas (2022)
Educational Attainment in Bowie County, Texas (2022)
Age Distribution in Bowie County, Texas
Citizen Population in Bowie County, Texas (2022)
Political Trends & Data
Bowie County, Texas reveals a pronounced conservative tendency, with the Republican party capturing roughly 71.00% of the vote in the 2020 Presidential Election, while Democrats trailed at about 28.00%. Libertarian and Green parties didn't break the 1.00% threshold. This strong conservative sway likely influences local policies and community priorities, offering a significant context for understanding the area's real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bowie County in Texas shows a significant lean toward the Republican party, capturing around 71% of the vote in the 2020 Presidential Election, with the Democrats trailing at approximately 28%. Libertarian and Green parties garnered minimal support, with neither surpassing 1% of the votes. This suggests a strong conservative presence in the county, potentially shaping local policies and community priorities.
70.87% of voters voted for the Republican party in the 2020 Presidential Election
28.09% of voters voted for the Democrat party in the 2020 Presidential Election
0.78% 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
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Bowie County, Texas has consistently been below the national average of 14 students per teacher, varying from 12 in 2021 to about 13 in 2014 and 2017. Lower ratios can indicate more personalized classroom attention and potentially better educational outcomes. This trend could be particularly appealing to families considering relocation and might signal community value and stability to real estate agents, appraisers, and insurance... Read more
Student-to-teacher ratio in Bowie County, Texas over the last 10 years
The student-to-teacher ratio in Bowie County, Texas has fluctuated slightly over the past decade, remaining consistently below the national average of 14 students per teacher. Ratios ranged from a low of 12 in 2021 to a high of about 13 in 2014 and 2017. Lower student-to-teacher ratios can be a crucial factor for those considering investments or relocations, as they often correlate with more personalized attention in classrooms and potentially better educational outcomes. Real estate agents might find this an appealing point for families moving to the area, while appraisers and insurance agents could view it as an indicator of community value and stability.
