Cameron County Real Estate and Livability Trends
In Cameron County, Texas, the real estate market appears to be on an upward swing, with the median home values rising steadily from $79,300 in 2015 to $109,600 in 2022. This increase, although still below state and national averages, might indicate growing demand and the potential for future appreciation. A notable rise in residential energy tax credits, reaching $2,534.40 in 2021, suggests... Read more
Cameron County Market Trends
Median home values in Cameron County, Texas, have steadily climbed from $79,300 in 2015 to $109,600 in 2022, offering a below-average price compared to Texas at $238,000 and the U.S. at $179,400. The rise in home values could signal increasing demand and future appreciation potential. Additionally, residential energy tax credits have surged, from an average of $506.34 in 2013 to $2534.40 in 2021,... Read more
Median Value of Occupied Housing Units in Cameron County, Texas Over the Last 8 Years
Median home values in Cameron County, Texas have shown a steady upward trend over the last eight years, rising from $79,300 in 2015 to $109,600 in 2022. Compared to state and national averages, Cameron County’s median values remain notably lower, with Texas at $238,000 and the United States at $179,400 by 2022. These relatively affordable property prices could present compelling opportunities for investors and potential homeowners looking for value in a growing market. While the area remains well below state and national figures, its consistent growth suggests a gradual increase in demand and potential future appreciation.
Residential Energy Tax Credit Per Tax Return in Cameron County, TX Over the Last 9 Years
Over the past nine years, Cameron County, Texas, has seen a notable increase in the average residential energy tax credit per tax return. In 2013, residents received an average of $506.34, which substantially rose to $2534.40 by 2021. The marked spikes in 2018 and 2019, with averages jumping to $1686.67 and $2107.11 respectively, suggest heightened incentives or increased investments in residential energy efficiency. This upward trend may indicate a growing commitment to sustainable living and could be a critical factor for potential property investors, real estate agents, and homeowners considering energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Cameron County, TX Over the Last 10 Years
Over the last 10 years, Cameron County, Texas, has seen a gradual increase in average real estate taxes per tax return. Notably, from 2012 to 2017, the increase was modest, moving from approximately $3,900.88 to $4,291.94. However, a sharp rise occurred between 2017 and 2018, jumping from $4,291.94 to $5,779.17, and this upward trend continued, reaching $6,191.97 in 2020 before slightly dipping to $6,121.59 in 2021. This data could indicate heightened property values or increased tax rates, relevant to investors, builders, and real estate agents assessing the county's evolving financial landscape.
Percentage of Farm Returns in Cameron County, TX Over the Last 10 Years
Cameron County, Texas, has seen a somewhat stable percentage of farm tax returns over the last decade, hovering around 0.76% to 0.87%. There was a slight decline in the early years, but numbers have shown modest growth especially between 2017 and 2021. This trend might indicate a steady or gradually increasing interest in agricultural activities in the area. For those looking to invest in or build property in Cameron County, understanding these dynamics could be crucial, particularly if the investment is tied to agribusiness. Farm tax returns serve as a financial indicator of farming activity and investment, thus offering a glimpse into the economic health and priorities within the county's agricultural sector.
Number of Mortgages by Occupancy Type in Cameron County, TX Over the Last 5 Years in Cameron County
In Cameron County, Texas, the number of mortgages has fluctuated over the last five years, with a notable surge in the principal residences category, peaking in 2021. This trend hints at a growing interest in long-term housing. Meanwhile, investment properties have shown a gradual rise, suggesting potential for rental income or property appreciation. Second residences have seen less dramatic changes, indicating a steady but lower interest. These shifts in occupancy types might impact housing demand, property values, and rental markets, making them crucial for investors, real estate agents, and homebuyers. Understanding these trends can help insurers assess risk accurately and appraisers to gauge true property value.
Economic Outlook
Over the past decade, Cameron County, Texas has experienced a notable rise in average taxable income per tax return, climbing from $36,037.93 in 2013 to $47,051.03 in 2021. This upward trend might signal increased earning potential for residents, possibly attracting investors and developers. Meanwhile, average state and local income taxes per tax return have shown a fluctuating yet generally upward trend, most notably jumping from $4,377.71 in 2017 to $5,861.11 in 2018. Such increases could... Read more
Average Taxable Income per Tax Return in Cameron County, TX over the last 9 years
Over the last nine years in Cameron County, Texas, average taxable income per tax return has generally trended upward, showing a considerable rise from $36,037.93 in 2013 to $47,051.03 in 2021. This growth points to a potentially stronger local economy and could be an indicator of increased earning potential for residents. Such trends might attract more investors and developers, offering a promising outlook for real estate agents and those looking to build property in the area. However, the variation from year to year suggests these changes ought to be monitored for a more comprehensive economic assessment.
Average State and Local Income Taxes Per Tax Return in Cameron County, TX Over the Last 10 Years
Cameron County, Texas has seen a fluctuating yet upward trend in average state and local income taxes per tax return over the last decade. Notably, there was a significant increase starting in 2018, with values jumping from approximately $4,377.71 in 2017 to $5,861.11 in 2018, peaking at $8,028.57 in 2020 before slightly dipping in 2021 to $7,542.86. This trend could reflect economic shifts, changes in local taxation policies, or changes in residents' incomes. For potential investors and real estate agents, these rising tax figures might indicate increased economic activity and rising property values. Appraisers and insurers should factor in these trends when evaluating property and premiums in the area.
Average Total Tax Liability Per Tax Return in Cameron County, TX Over the Last 10 Years
In Cameron County, Texas, the average total tax liability per tax return has shown a gradual upward trend over the past decade. Starting at approximately $5,622.21 in 2012, there have been fluctuations but an overall increase to about $6,644.45 in 2021. This trend suggests growing economic activity and possibly rising incomes in the area, which can be key indicators for potential investors, real estate agents, and appraisers when evaluating the market's health and growth potential. Moreover, insurance agents and property builders might find these insights valuable for assessing risk and investment strategies.
Cost of Living in Cameron County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,156 | $1,243 | $1,564 | $1,202 | $650 |
| 1 adult 4 children | $1,156 | $1,015 | $1,193 | $1,202 | $712 |
| 2 adults 3 children | $1,156 | $1,015 | $1,359 | $1,202 | $525 |
| 1 adult 3 children | $1,156 | $829 | $988 | $1,202 | $513 |
| 2 adults 2 children | $893 | $831 | $1,153 | $1,046 | $470 |
| 1 adult 2 children | $893 | $621 | $782 | $1,046 | $415 |
| 2 adults 1 child | $893 | $657 | $947 | $539 | $480 |
| 1 adult 1 child | $893 | $424 | $576 | $539 | $407 |
| 2 adults | $702 | $528 | $742 | $0 | $437 |
| 1 adult | $632 | $288 | $371 | $0 | $392 |
Safety trends & Data
Cameron County, Texas has experienced fluctuating property crime over the past five years. Larceny-theft, the most prevalent crime, peaked at 1,564 cases in 2018 but dropped to 925 cases by 2022. Burglary showed variability, with a high of 349 cases in 2019, reducing to 154 cases in 2021 before rising again in 2022. Fraud cases notably increased from 57 in 2018 to 102 by 2022, while vandalism generally trended upward, reaching 295 instances in 2021. These crime trends are crucial for investors,... Read more
Property Crime Trends in Cameron County, TX Over the Last 5 Years
Cameron County, Texas has seen fluctuating property crime rates over the past five years, with distinct trends. Larceny-theft remains the most prevalent crime, peaking at 1,564 cases in 2018 but decreasing over time to 925 cases by 2022. Burglary has also varied, reaching a high of 349 cases in 2019 but lowering to 154 cases in 2021 before increasing again in 2022. Notably, fraud cases increased from 2018 figures of 57 to 102 by 2022. Vandalism has generally seen a rise, particularly hitting 295 instances in 2021. These insights are key for potential investors, real estate agents, and property developers considering safety and risk factors for valuation and insurance purposes.
Demographics
Cameron County, Texas shows a fairly even split between male and female adults, with a slight skew toward females. Educationally, a substantial portion of the population, around 77,894 individuals, have not completed high school, which might indicate challenges in educational attainment. The age structure reveals a youthful community, with significant populations in younger age brackets, suggesting potential growth and workforce development opportunities. Racially, the county remains... Read more
Race Distribution in Cameron County, Texas (2022)
Educational Attainment in Cameron County, Texas (2022)
Age Distribution in Cameron County, Texas
Citizen Population in Cameron County, Texas (2022)
Political Trends & Data
In Cameron County, Texas, the 2020 U.S. Presidential Election results show Democratic candidates capturing around 56.1% of the vote, hinting at a possible Democratic preference in this region. Republican candidates pulled in about 42.9%, indicating robust yet non-majority support. Libertarian and Green parties had minimal influence, with around 0.6% and 0.3% of the votes respectively, suggesting a small foothold for alternative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cameron County, Texas, Democratic candidates seemed to capture a majority of the votes at about 56.1% in the 2020 U.S. Presidential Election, potentially underscoring a trend of Democratic preference in certain Texas counties. Republican candidates garnered approximately 42.9%, which might suggest a strong but not majority support. Libertarian and Green parties each made a minimal impact, collecting around 0.6% and 0.3% respectively, showcasing limited but existent alternative party presence.
42.94% of voters voted for the Republican party in the 2020 Presidential Election
56.11% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Cameron County, Texas, the student-to-teacher ratio has fluctuated around the national average of 14 students per teacher over the past decade. Peaking at nearly 16 in 2017, the ratio has decreased to around 14 in recent years. This improvement in educational resource allocation could make the area more appealing to families, possibly boosting property demand and values. Real estate agents and appraisers should note this trend, as it may impact market assessments and attractiveness of local... Read more
Student-to-teacher ratio in Cameron County, Texas over the last 10 years
The student-to-teacher ratio in Cameron County, Texas, has generally fluctuated around the national average of 14 students per teacher over the past decade. While the ratio peaked at nearly 16 in 2017, it has notably decreased to around 14 in recent years, which might suggest improved educational resource allocation. This shift could be relevant for families considering moving to the area, as smaller class sizes often contribute to better individualized attention for students. For real estate agents, appraisers, and those in the property development sector, a favorable student-to-teacher ratio can boost the attractiveness of local properties, potentially impacting demand and property values. Insurance agents might also take note, as schools with lower ratios can be indicative of community investment in education, possibly influencing risk assessments and policy offerings.
