Briscoe County Real Estate and Livability Trends
Briscoe County, Texas displays unique real estate dynamics. The median home value of $77,400.00 in 2022 sits comfortably below state and national medians, potentially offering attractive investment opportunities. Real estate taxes have seen notable fluctuations but show recent stability, crucial for long-term planning. Meanwhile, the consistent presence of farm tax returns underlines a robust... Read more
Briscoe County Market Trends
The median home value in Briscoe County, Texas reached $77,400.00 in 2022, still well below both Texas's median of $238,000.00 and the U.S. median of $179,400.00. Real estate taxes here have fluctuated dramatically, shifting from $1,460.00 in 2012 to $2,400.00 in 2013, then down to $1,225.00 in 2014, but recent years show relative stability. Farm tax returns have consistently represented 22% to... Read more
Median Value of Occupied Housing Units in Briscoe County, Texas Over the Last 8 Years
The median home value in Briscoe County, Texas has shown a steady increase over the past eight years, reaching $77,400.00 in 2022. This localized growth is consistent but still significantly below both the Texas state median of $238,000.00 and the U.S. median of $179,400.00 for the same year. For those considering real estate investments or relocations, Briscoe County offers a more affordable option compared to other parts of Texas and the nation. However, the gap in median values could also reflect different market dynamics and opportunities within this specific area.
Average Real Estate Taxes Per Tax Return in Briscoe County, TX Over the Last 6 Years
In Briscoe County, Texas, real estate taxes per tax return have shown significant fluctuations over the past six years, with a dramatic increase from $1,460.00 in 2012 to $2,400.00 in 2013 before decreasing to $1,225.00 in 2014. More recent years have showcased moderate stability, with 2015 at $1,800.00, 2016 at $1,425.00, and 2017 at $1,500.00. These changing figures suggest a dynamic tax landscape that potential investors and residents should closely monitor, as it could impact budgeting for property ownership and influence decisions related to real estate development and insurance policies.
Percentage of Farm Returns in Briscoe County, TX Over the Last 10 Years
The percentage of farm tax returns in Briscoe County, Texas has generally hovered around 22% to 26% over the past decade. Despite slight fluctuations, the figures indicate a consistent agricultural presence in the local economy. Farm tax returns, essentially the filings by agricultural producers regarding their income and expenses, can be valuable indicators of the health of the agribusiness sector. These trends matter for prospective investors and individuals interested in the area, suggesting a stable agrarian market which could impact property values, economic opportunities, and community growth potential.
Number of Mortgages by Occupancy Type in Briscoe County, TX Over the Last 5 Years in Briscoe County
Briscoe County, Texas, has seen a notable increase in the number of mortgages secured for principal residences over the last five years, peaking at 29 in both 2021 and 2022. In contrast, mortgages for investment properties and second residences have remained relatively stable with minimal fluctuations. These trends suggest a growing demand for primary homes, potentially driven by population growth or a shift in local demographics. For investors and developers, understanding these occupancy trends is crucial as they reflect housing market stability and demand, impacting property values, rental markets, and future development opportunities in the area. This data also helps appraisers and insurance agents gauge risk and property valuation more accurately.
Economic Outlook
Briscoe County, Texas has experienced notable economic variability over the past decade, with average taxable income per tax return peaking at $75,422.95 in 2020, up from a low of $44,504.76 in 2016, before dipping to $55,840.68 in 2021. This income volatility suggests shifting economic opportunities and challenges that could impact real estate values and insurance rates. Additionally, the average total tax liability per tax return saw a significant spike in 2020 to $13,839.02, compared to an... Read more
Average Taxable Income per Tax Return in Briscoe County, TX over the last 9 years
Briscoe County, Texas, has seen quite a rollercoaster in average taxable income per tax return over the past nine years. From a low of $44,504.76 in 2016, there's been notable climbs, particularly peaking at $75,422.95 in 2020. Despite the dip in 2021 to $55,840.68, the trend hints at underlying economic fluctuations that might influence decisions for real estate investors, appraisers, or anyone considering making a move there. Such income variability could signal changing economic opportunities or challenges, impacting everything from property values to insurance rates.
Average Total Tax Liability Per Tax Return in Briscoe County, TX Over the Last 10 Years
Briscoe County, Texas has experienced significant fluctuations in average total tax liability per tax return over the last decade, with the most notable spike in 2020 reaching $13,839.02, which is considerably higher than the values seen in other years. Between 2012 and 2019, the tax liability generally oscillated, largely remaining between $7,300.00 and $9,300.00. The abrupt increase in 2020 might hint at specific economic or legislative impacts that could be of particular interest to those considering tax implications for investments or property-related decisions in the area.
Cost of Living in Briscoe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,303 | $1,948 | $1,242 | $895 |
| 1 adult 4 children | $1,174 | $1,064 | $1,491 | $1,242 | $1,002 |
| 2 adults 3 children | $1,174 | $1,064 | $1,689 | $1,242 | $721 |
| 1 adult 3 children | $1,174 | $869 | $1,232 | $1,242 | $761 |
| 2 adults 2 children | $826 | $871 | $1,431 | $1,084 | $599 |
| 1 adult 2 children | $826 | $651 | $974 | $1,084 | $545 |
| 2 adults 1 child | $826 | $689 | $1,173 | $572 | $585 |
| 1 adult 1 child | $826 | $445 | $715 | $572 | $482 |
| 2 adults | $658 | $553 | $914 | $0 | $512 |
| 1 adult | $623 | $302 | $457 | $0 | $442 |
Demographics
Briscoe County, Texas, shows a slight imbalance between genders, with males possibly outnumbering females. Educational attainment is skewed towards high school completion, while advanced degrees are relatively rare. Age distribution indicates a potentially aging population, with a noticeable chunk of residents in the 65 to 74-year bracket. The county's racial makeup leans heavily toward White, with minimal representation from other races. This demographic mix can significantly influence local... Read more
Race Distribution in Briscoe County, Texas (2022)
Educational Attainment in Briscoe County, Texas (2022)
Age Distribution in Briscoe County, Texas
Citizen Population in Briscoe County, Texas (2022)
Political Trends & Data
In Briscoe County, Texas, the 2020 U.S. Presidential Election might have shown a significant tilt towards Republican candidates, perhaps capturing around 88% of the votes, while Democrats possibly received slightly over 10%. The minimal votes for Libertarian and Green parties could indicate limited third-party support, highlighting a potentially strong conservative presence in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Briscoe County, Texas, exhibited a significant lean towards Republican candidates in the 2020 U.S. Presidential Election, with the party possibly securing about 88% of the votes. In contrast, Democrats perhaps garnered slightly over 10%, illustrating a substantial partisan divide. Libertarian and Green party votes were minimal, indicating limited support for third-party candidates. These figures potentially highlight a strong conservative presence in this region.
88.14% of voters voted for the Republican party in the 2020 Presidential Election
10.76% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% 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
Briscoe County, Texas, has maintained a student-to-teacher ratio between 8 and 10 over the past decade, significantly below the national average of 14. This suggests smaller class sizes, which could be a strong selling point for families seeking more individualized attention for their children. For investors and builders, these appealing education metrics might indicate stable or potentially increasing demand for residential properties, while real estate and insurance agents could factor in... Read more
Student-to-teacher ratio in Briscoe County, Texas over the last 10 years
Briscoe County, Texas has seen its student-to-teacher ratio hover between 8 and 10 over the last decade, consistently below the national average of 14 students per teacher. This suggests smaller class sizes, which might appeal to families seeking more individualized attention for their children. For potential investors and builders, this could indicate a stable or potentially growing demand for residential properties as newer families may find such schooling conditions attractive. Real estate agents might leverage this data to highlight local education quality, while appraisers and insurance agents could factor in the appealing education metrics when assessing property values and risks.
