Castro County Real Estate and Livability Trends
Castro County, Texas has seen notable fluctuations in economic indicators, with average taxable income recovering from near lows of $36,329.35 in 2017 to around $55,688.93 by 2020, affecting investor confidence and real estate strategies. Median home values have risen steadily from $70,600 in 2015 to $96,400 in 2022, reflecting an affordable yet appreciating market. Energy tax credits increased,... Read more
Castro County Market Trends
In Castro County, Texas, the median home value has steadily increased over the past eight years, from $70,600 in 2015 to $96,400 in 2022, indicating a more affordable market compared to state and national levels. Average residential energy tax credits per tax return soared from $225.00 in 2013 to $700.00 in 2017, hinting at a growing investment in energy-efficient homes. Real estate taxes per tax... Read more
Median Value of Occupied Housing Units in Castro County, Texas Over the Last 8 Years
The median home value in Castro County, Texas, has shown a consistent upward trend over the last eight years, climbing from $70,600 in 2015 to $96,400 in 2022. This increase, while significant for the county, still lags behind both state and national levels. Texas, for instance, saw home values rise from $136,000 in 2015 to $238,000 in 2022, while the national median surged from $125,500 to $179,400 over the same period. For potential investors or those planning to move, this could signal a relatively affordable entry point in Castro County, compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Castro County, TX Over the Last 5 Years
Castro County, Texas has experienced a notable increase in average residential energy tax credits per tax return, trending from $225.00 in 2013 to $700.00 in 2017. This spike in energy tax credits could suggest a growing investment in energy-efficient home improvements or renewable energy installations, making it an attractive area for eco-conscious buyers and investors. With such incentives, property developers, appraisers, and real estate agents may find heightened interest and value in sustainable housing options in this region.
Average Real Estate Taxes Per Tax Return in Castro County, TX Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Castro County, Texas have generally trended upward. Notable increases occurred between 2017 and 2018, jumping from roughly $3,463.16 to $5,120.00, and have stabilized above $5,000.00 since 2018. This could suggest rising property values or increased tax rates, potentially impacting investment decisions, property appraisals, and insurance premiums.
Percentage of Farm Returns in Castro County, TX Over the Last 10 Years
Over the past decade in Castro County, Texas, the percentage of farm tax returns has shown some fluctuations, starting at 11.11% in 2012 and peaking at roughly 13.04% in 2014, before settling around 11.50% in 2021. Farm tax returns are critical indicators of the health and sustainability of agricultural businesses, reflecting the number of farms filing returns that could influence tax revenue and economic planning. For potential investors, property developers, or new residents, understanding these trends could provide insights into the local agricultural economy and its resilience, which are pivotal for long-term investment or relocation decisions.
Number of Mortgages by Occupancy Type in Castro County, TX Over the Last 5 Years in Castro County
In Castro County, Texas, there has been a noticeable uptick in the number of principal residence mortgages, peaking at 158 in 2021 before slightly dipping to 123 in 2022. Investment property mortgages have also seen a rise, particularly doubling from 2021 to 2022. For anyone considering real estate ventures, these shifts may point toward burgeoning residential development and potentially a more attractive market for investors. Appraisers and insurance agents might want to adjust their assessments and risk evaluations accordingly, while real estate agents and property developers could see opportunities in both residential and investment-centric projects given these trends. This evolving landscape in mortgage types can offer deeper insights into local economic conditions and forecast future housing demands.
Economic Outlook
Castro County, Texas has experienced notable fluctuations in average taxable income and tax liability per tax return over the past decade. Average taxable income hit lows near $36,329.35 in 2017 but recovered to around $55,688.93 by 2020, signaling potential economic shifts. The tax liability also varied, peaking at $14,066.85 in 2013 and dropping to $7,460.54 in 2019. These volatile patterns can impact investor confidence, real estate strategies, and risk assessments for those considering... Read more
Average Taxable Income per Tax Return in Castro County, TX over the last 9 years
Castro County, Texas has seen fluctuating trends in average taxable income per tax return over the past nine years. Notable dips occurred in 2016 and 2017, with average values around $38,029.97 and $36,329.35, respectively. However, there was a significant recovery post-2018, peaking in 2020 at approximately $55,688.93. This volatility in taxable income may reflect broader economic shifts and could influence decisions for investors, real estate agents, and new residents assessing the financial landscape. Those involved in property and insurance sectors should particularly note these fluctuations when evaluating risks and opportunities in the county.
Average Total Tax Liability Per Tax Return in Castro County, TX Over the Last 10 Years
Over the past decade, Castro County, Texas has seen fluctuating trends in average total tax liability per tax return. A notable high of $14,066.85 in 2013 contrasts sharply with a low of $7,460.54 in 2019. The variability in tax burden impacts potential investors, homeowners, and real estate professionals by signaling potential shifts in economic conditions, fiscal policies, or income levels within the county. These changes could influence decisions on property investments, real estate market dynamics, and local economic growth projections.
Cost of Living in Castro County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,303 | $1,948 | $1,242 | $891 |
| 1 adult 4 children | $1,174 | $1,064 | $1,491 | $1,242 | $1,001 |
| 2 adults 3 children | $1,174 | $1,064 | $1,689 | $1,242 | $720 |
| 1 adult 3 children | $1,174 | $869 | $1,232 | $1,242 | $764 |
| 2 adults 2 children | $826 | $871 | $1,431 | $1,084 | $600 |
| 1 adult 2 children | $826 | $651 | $974 | $1,084 | $552 |
| 2 adults 1 child | $826 | $689 | $1,173 | $572 | $589 |
| 1 adult 1 child | $826 | $445 | $715 | $572 | $492 |
| 2 adults | $731 | $553 | $914 | $0 | $540 |
| 1 adult | $623 | $302 | $457 | $0 | $458 |
Safety trends & Data
Castro County, Texas has seen a noticeable decline in property crimes over the past five years, with larceny-theft incidents dropping sharply from 23.00 in 2018 to just 1.00 by 2022. Burglaries also decreased from 3.00 in 2018 to a steady 1.00 annually over the last three years. However, motor vehicle thefts, while down initially, experienced a slight rise in 2022. Patterns in fraud and vandalism remain sporadic, possibly hinting at targeted rather than widespread incidents. Investors, real... Read more
Property Crime Trends in Castro County, TX Over the Last 5 Years
Castro County, Texas has seen a noticeable decrease in overall property crimes over the past five years. Between 2018 and 2022, incidents of larceny-theft, initially high at 23.00 in 2018, have dropped sharply to just 1.00 by 2022. Burglary occurrences also declined, from 3.00 in 2018 to a consistent 1.00 annually over the last three years. Interestingly, motor vehicle thefts dipped initially but saw a slight uptick in 2022. Meanwhile, fraud and vandalism show a more sporadic pattern, possibly suggesting targeted incidents rather than widespread trends. This evolving landscape of property crimes could be relevant for investors, real estate professionals, and residents assessing the area's safety, insurance rates, and overall community well-being.
Demographics
The adult population in Castro County, Texas, shows a slightly higher number of males than females, hinting at a balanced yet male-leaning demographic. Educational attainment reflects a community where a significant portion has completed high school, but higher education degrees are less common, which could impact local workforce skills. Age-wise, the population is skewed towards younger age brackets, suggesting potential for growth but also a need for services catering to families and... Read more
Race Distribution in Castro County, Texas (2022)
Educational Attainment in Castro County, Texas (2022)
Age Distribution in Castro County, Texas
Citizen Population in Castro County, Texas (2022)
Political Trends & Data
Castro County, Texas, exhibited a strong Republican preference in the 2020 U.S. Presidential Election, with nearly 77% of votes cast for the Republican party compared to roughly 22% for the Democrats. This conservative lean suggests a well-established political landscape, leaving little room for minor parties, which collectively earned less than 1% of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Castro County, Texas displayed an overwhelming preference for the Republican party during the 2020 U.S. Presidential Election. With nearly 77% of votes going to Republicans and roughly 22% to Democrats, the county leans heavily conservative. Minor parties like the Libertarians and Greens garnered a minimal share, collectively making up less than 1% of the vote. The data may suggest that Castro County's political landscape is firmly established, with little room for third-party candidates at this time.
76.91% of voters voted for the Republican party in the 2020 Presidential Election
22.37% of voters voted for the Democrat party in the 2020 Presidential Election
0.43% 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
School Data
The student-to-teacher ratio in Castro County, Texas has held steady at around eleven students per teacher, which is notably lower than the national average of fourteen. This could indicate more personalized attention for students and potentially better educational outcomes. For investors and homebuyers, this might be an appealing selling point, suggesting a strong educational environment that could attract families. Appraisers and insurance agents might see this as a sign of community... Read more
Student-to-teacher ratio in Castro County, Texas over the last 10 years
The student-to-teacher ratio in Castro County, Texas has remained relatively stable over the last decade, hovering around eleven students per teacher. This consistently lower ratio, compared to the national average of fourteen students per teacher, hints at more personalized attention for students, potentially leading to better educational outcomes. Investors, homebuyers, and real estate agents might see this as a substantial selling point, indicating a robust educational environment that could attract families. For appraisers and insurance agents, it suggests a level of community investment in education, possibly reflecting on property values and community safety. Builders and developers might leverage this trend to market new properties to families seeking quality education for their children.
