Burnet County Real Estate and Livability Trends
Burnet County, Texas has seen a remarkable jump in average taxable income per tax return from $63,587.28 in 2013 to $115,200.79 in 2021, which could draw in new investors and boost economic vitality. Median home values have also risen sharply, from $158,900 in 2015 to $268,300 in 2022, outpacing both state and national trends and signaling robust market demand. Educational quality might appeal to... Read more
Burnet County Market Trends
Burnet County, Texas has experienced a notable surge in median home values, from $158,900 in 2015 to $268,300 in 2022, outpacing both state and national trends. This might signify a robust market with strong demand, making it attractive to investors. Additionally, the average residential energy tax credit increased substantially, indicating a potential boost in energy-efficient home upgrades that... Read more
Median Value of Occupied Housing Units in Burnet County, Texas Over the Last 8 Years
Burnet County, Texas saw significant growth in median home values over the past eight years, jumping from $158,900 in 2015 to $268,300 in 2022. This increase outpaces both the state and national trends, with Texas rising from $136,000 to $238,000 and the national median climbing from $125,500 to $179,400 over the same period. For potential investors, this could indicate a robust local real estate market with strong demand.
Residential Energy Tax Credit Per Tax Return in Burnet County, TX Over the Last 9 Years
Over the past nine years, Burnet County, Texas has seen a notable increase in the average residential energy tax credit per tax return. Starting at $656.25 in 2013, the average rose to $3,700.00 by 2018 with only slight fluctuations afterwards, peaking again at $3,390.32 in 2021. This trend may suggest a growing investment in energy-efficient home improvements, which could potentially enhance property values and attract environmentally-conscious buyers. Such shifts could be of keen interest to appraisers, real estate agents, and prospective investors looking to capitalize on green energy incentives in the area.
Average Real Estate Taxes Per Tax Return in Burnet County, TX Over the Last 10 Years
The last decade has seen a consistent rise in real estate taxes per tax return in Burnet County, Texas. Starting at around $5,859.75 in 2012, the average has climbed steadily, reaching approximately $10,569.95 by 2021. This trend suggests a growing burden on property owners, which might indicate increasing property values or higher tax rates. For potential investors and homeowners, this escalation in tax obligations could impact purchasing decisions and long-term affordability.
Percentage of Farm Returns in Burnet County, TX Over the Last 10 Years
Over the last decade, the percentage of farm tax returns filed in Burnet County, Texas has shown a slight decline, dropping from about 6.17% in 2012 to roughly 4.72% in 2021. Farm tax returns, which indicate the number of farmers filing taxes and thereby give insight into farming activities and economic health, reflect the agricultural trends and possibly the challenges faced by local farmers. For investors and property developers, this subtle yet consistent dip might suggest shifts in land use or profitability in farming, making it a crucial factor to consider. This trend could also influence decisions for those looking to move to Burnet County, hinting at a potential shift away from agricultural livelihoods.
Number of Mortgages by Occupancy Type in Burnet County, TX Over the Last 5 Years in Burnet County
Burnet County, Texas has seen fluctuating trends in mortgage counts over the past five years, with principal residences showing a notable peak in 2021 at 3,924. Investment properties have seen consistent growth, almost doubling from 111 in 2018 to 236 in 2022. Changes in occupancy types can impact various stakeholders; for example, increased investment properties might signal a hot real estate market with potential for rental income, while a rise in principal residence mortgages could indicate more stable, long-term residents. These occupancy shifts are crucial for investors, appraisers, and insurance agents in assessing risk, property values, and future development outlook. Real estate agents could also tailor their marketing strategies based on these evolving trends to better meet the needs of buyers and sellers in the region.
Economic Outlook
Burnet County, Texas has experienced significant growth in average taxable income per tax return over the past nine years, from $63,587.28 in 2013 to $115,200.79 in 2021. This increase may attract potential investors and newcomers, suggesting a potentially thriving economy and greater purchasing power. Moreover, state and local income taxes have fluctuated, peaking at $26,700.00 in 2020, which could affect financial planning for residents and impact property values. Additionally, the average... Read more
Average Taxable Income per Tax Return in Burnet County, TX over the last 9 years
Over the last nine years, Burnet County, Texas has seen notable growth in average taxable income per tax return, starting from $63,587.28 in 2013 and rising significantly to $115,200.79 in 2021. This uptick could pique the interest of potential investors and newcomers considering the area, indicating a possibly thriving local economy. For real estate agents and developers, appreciating incomes might suggest a stronger market and higher purchasing power among residents. Additionally, insurance agents and appraisers should be aware of these income trends as they reflect the economic health and wealth accumulation within the community.
Average State and Local Income Taxes Per Tax Return in Burnet County, TX Over the Last 10 Years
The data shows fluctuating state and local income taxes per tax return in Burnet County, Texas over the past decade. In 2012, tax returns averaged $15,363.16, peaking at $26,700.00 in 2020. This trend likely reflects economic shifts, policy changes, and varying income levels. For investors, real estate agents, and appraisers, the 2020-2021 tax levels suggest a more robust financial environment, possibly indicating increased property values and investment opportunities. Those moving to or living in the area should consider how these fluctuating taxes might impact their financial planning.
Average Total Tax Liability Per Tax Return in Burnet County, TX Over the Last 10 Years
Burnet County, Texas has seen notable fluctuations in average total tax liability per tax return over the last decade. After a dip in 2013 to $12,967.02, the figures have shown a general upward trend, reaching $23,832.07 by 2021. This upward trajectory could signal economic growth and rising incomes, which might attract investors and new residents looking for opportunities. However, the increased tax liability can be a consideration for potential home buyers and real estate professionals, factoring into the overall cost of living calculations in the area. The data also provide useful insights for appraisers and insurance agents when assessing property values and risk.
Cost of Living in Burnet County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,352 | $1,359 | $1,774 | $1,589 | $982 |
| 1 adult 4 children | $1,352 | $1,110 | $1,357 | $1,589 | $1,122 |
| 2 adults 3 children | $1,352 | $1,110 | $1,539 | $1,589 | $810 |
| 1 adult 3 children | $1,352 | $907 | $1,122 | $1,589 | $916 |
| 2 adults 2 children | $983 | $909 | $1,305 | $1,387 | $676 |
| 1 adult 2 children | $983 | $679 | $887 | $1,387 | $655 |
| 2 adults 1 child | $983 | $718 | $1,070 | $731 | $637 |
| 1 adult 1 child | $983 | $464 | $652 | $731 | $530 |
| 2 adults | $793 | $577 | $835 | $0 | $520 |
| 1 adult | $657 | $315 | $418 | $0 | $433 |
Safety trends & Data
Burnet County, Texas has seen a notable decline in property crime over the past five years. Larceny-theft dropped from 140.0 incidents in 2018 to just 51.0 in 2022, while burglary incidents also decreased from 28.0 in 2019 to 15.0 in 2022. However, vandalism incidents have increased to 22.0 in 2022 from 8.0 in 2018. Meanwhile, motor vehicle theft remains relatively stable, hovering around the high teens. This evolving crime data could be particularly important for investors, real estate agents,... Read more
Property Crime Trends in Burnet County, TX Over the Last 5 Years
Property crime trends in Burnet County, Texas show an interesting pattern over the past five years. While arson has remained relatively low, with values ranging from 1.0 to 3.0 annually, larceny-theft saw a notable decline from 140.0 incidents in 2018 to just 51.0 in 2022. Similarly, burglary incidents decreased from 28.0 in 2019 to 15.0 in 2022. Fraud initially increased from 18.0 in 2018 to 26.0 in 2019 but then declined to 9.0 by 2022. Motor vehicle theft has fluctuated but remains fairly stable around the high teens; in 2022, there were 18.0 incidents. Vandalism has seen an uptick, reaching 22.0 incidents in 2022, up from a low of 8.0 in 2018. This data is particularly valuable for prospective investors, real estate agents, and insurance agents as it highlights the evolving safety dynamics of the area.
Demographics
Burnet County, Texas shows a slightly higher number of females compared to males in its adult population. The area seems to have a notable proportion of residents with high school diplomas and some college education, though fewer have advanced degrees. The age distribution indicates a heavier concentration of older adults, especially those between 55 to 64 years. Racially, the county is predominantly white, with very small minority populations. These trends may suggest a stable community with... Read more
Race Distribution in Burnet County, Texas (2022)
Educational Attainment in Burnet County, Texas (2022)
Age Distribution in Burnet County, Texas
Citizen Population in Burnet County, Texas (2022)
Political Trends & Data
Burnet County, Texas, might have showcased strong conservative leanings in the 2020 U.S. Presidential Election, with Republicans potentially securing about 76% of the vote. In contrast, Democrats might have garnered around 23%, indicating some support for progressive policies. Third-party candidates, including Libertarians and Greens, seemingly had minimal impact with just over 1%... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Burnet County, Texas, revealed notable voting patterns in the 2020 U.S. Presidential Election, with Republicans possibly securing around 76% of the votes, indicating a strong conservative preference. Democrats might have captured approximately 23%, suggesting limited but present support for more progressive policies. Libertarians and Green Party voters collectively contributed just over 1%, reflecting minimal backing for third-party candidates.
75.93% of voters voted for the Republican party in the 2020 Presidential Election
22.81% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% 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
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Burnet County, Texas might offer more individualized attention in schools with student-to-teacher ratios consistently below the national average over the past decade. With class sizes ranging from a low of about 12.78 in 2019 to a high of around 13.73 in 2016, investors and families may perceive the area as promising for education-related real estate and quality schooling. The less crowded classrooms could be a strong lure for those prioritizing academic... Read more
Student-to-teacher ratio in Burnet County, Texas over the last 10 years
Over the last decade, the student-to-teacher ratio in Burnet County, Texas has consistently remained below the national average of 14 students per teacher. This suggests that local schools might offer more individualized attention and potentially a higher quality of education than some other areas. Notably, the ratio dipped to a low of about 12.78 in 2019 and peaked at around 13.73 in 2016, indicating some variability but overall stability in class sizes. For individuals looking to invest in education-related real estate, move into the area, or those interested in the quality of education, these figures can be quite appealing as they imply less crowded classrooms.
