Clay County Real Estate and Livability Trends
Clay County, Texas has seen a noticeable rise in economic indicators, with average taxable income per tax return climbing to $69,470.92 in 2021 from $51,402.18 in 2013. Median home values have surged from $83,600 in 2015 to $139,700 in 2022, highlighting a robust real estate market, though it still trails state and national averages. A significant increase in residential energy tax credits to... Read more
Clay County Market Trends
Median home values in Clay County, Texas, have jumped from $83,600 in 2015 to $139,700 in 2022, showing a remarkable upswing, albeit still below Texas and national averages. Average residential energy tax credits per tax return surged significantly post-2015, peaking at $3,600.00 in 2021, possibly indicating a growing interest in energy-efficient home improvements. Real estate taxes per tax... Read more
Median Value of Occupied Housing Units in Clay County, Texas Over the Last 8 Years
Median home values in Clay County, Texas have experienced a significant upswing over the past eight years, surging from $83,600 in 2015 to $139,700 in 2022. Although the county’s values lag behind Texas and national averages, the rate of increase is quite notable. Compared to the Texas average, which rose from $136,000 to $238,000, and the national average, which went from $125,500 to $179,400 in the same period, Clay County has witnessed its own boom from 2020 onward. This uptrend suggests emerging opportunities for investors and potential homeowners eyeing an affordable market with promising growth potential.
Residential Energy Tax Credit Per Tax Return in Clay County, TX Over the Last 7 Years
Over the past seven years, average residential energy tax credits per tax return in Clay County, Texas have shown substantial growth. Starting at $300.00 in 2013, the figure fluctuated before significant increases were observed after 2015, peaking at $3,600.00 in 2021. This surge may imply heightened investments in energy-efficient home improvements or the adoption of renewable energy technologies, appealing to potential investors, builders, and property developers.
Average Real Estate Taxes Per Tax Return in Clay County, TX Over the Last 10 Years
Clay County, Texas has seen notable fluctuations in average real estate taxes per tax return over the past decade. Starting at about $3,370.27 in 2012, there was a decrease through 2014, where it dipped to $3,032.81. However, since 2016, there has been a gradual and steady increase, peaking at approximately $5,126.67 in 2021. This upward trend, particularly in recent years, might interest investors and property developers, as rising taxes can often reflect increasing property values. Appraisers and insurance agents might also see these trends as indicative of changing market dynamics that could impact their assessments and premiums, respectively.
Percentage of Farm Returns in Clay County, TX Over the Last 10 Years
Clay County, Texas has shown a slight yet consistent fluctuation in the percentage of farm tax returns over the past decade, starting from 15.04% in 2012 and experiencing small dips and rises to settle at 13.94% by 2021. Farm tax returns, essentially, are filings specific to agricultural income, and their percentage can serve as an indicator of the region's reliance on farming as a primary source of income. This trend might suggest a modest decline in agricultural activities or shifts in economic focus, which could be key for potential investors, property developers, and residents to monitor.
Number of Mortgages by Occupancy Type in Clay County, TX Over the Last 5 Years in Clay County
In Clay County, Texas, the number of mortgages for principal residences has generally trended higher over the past five years, significantly outpacing those for investment and second residences. Investors might find this trend indicative of stable, primary housing demand, which could suggest a robust local economy and reliable returns for rental properties. For developers and real estate agents, the lower and more variable numbers in investment and second-home mortgages imply market opportunities for targeting niche segments. Appraisers and insurance agents could leverage this data to better understand occupancy risks and values, potentially influencing appraisal values and policy rates. Understanding these shifts helps align strategies with market demand and demographic shifts, ensuring better decision-making.
Economic Outlook
Clay County, Texas has experienced a notable rise in average taxable income per tax return, reaching $69,470.92 in 2021, up from $51,402.18 in 2013, suggesting potential economic growth and financial stability that might make the county more attractive for investors, home buyers, and developers. Fluctuations in state and local income taxes and total tax liabilities, including a spike to $10,249.21 in 2021, could be critical in financial planning and investment decisions, indicating periodic... Read more
Average Taxable Income per Tax Return in Clay County, TX over the last 9 years
Clay County, Texas has seen a steady increase in the average taxable income per tax return over the last nine years. As of 2021, the average taxable income reached a high of $69,470.92, a significant rise from $51,402.18 in 2013. This upward trend can suggest positive economic growth and improving financial stability in the area, potentially making the county more attractive for investors, home buyers, and real estate developers. For insurance agents and property appraisers, these income levels might imply a robust market with lower risk, while residents might find the locale increasingly viable for long-term settlement.
Average State and Local Income Taxes Per Tax Return in Clay County, TX Over the Last 6 Years
Over the last six years in Clay County, Texas, average state and local income taxes per tax return have fluctuated notably. Starting at $2,916.67 in 2012, there was a slight rise to $3,066.67 in 2013, followed by a dip to $2,800.00 in 2014. A significant spike occurred in 2015 with taxes reaching $4,680.00, then saw a decrease to $3,460.00 in 2016, and a small increase in 2017 to $3,720.00. These variations could be a point of interest for potential investors or residents, as they reflect the county's changing fiscal landscape and may impact financial planning and investment decisions.
Average Total Tax Liability Per Tax Return in Clay County, TX Over the Last 10 Years
In Clay County, Texas, the average total tax liability per tax return has generally fluctuated over the past decade. Significant peaks like the jump to $8,528.37 in 2014 and a notable spike to $10,249.21 in 2021 suggest periodic economic activities or policy changes that might have impacted tax liabilities. Such dynamics may be relevant for investors, real estate agents, and prospective residents trying to understand the financial landscape. The variations hint at underlying factors that could influence property values and the overall cost of living, making it key to keep an eye on what drives these shifts in the county.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,077 | $1,399 | $2,322 | $1,282 | $989 |
| 1 adult 4 children | $1,077 | $1,143 | $1,778 | $1,282 | $1,084 |
| 2 adults 3 children | $1,077 | $1,143 | $2,013 | $1,282 | $793 |
| 1 adult 3 children | $1,077 | $933 | $1,470 | $1,282 | $847 |
| 2 adults 2 children | $797 | $936 | $1,704 | $1,111 | $676 |
| 1 adult 2 children | $797 | $699 | $1,161 | $1,111 | $598 |
| 2 adults 1 child | $797 | $740 | $1,395 | $552 | $624 |
| 1 adult 1 child | $797 | $478 | $852 | $552 | $502 |
| 2 adults | $652 | $594 | $1,087 | $0 | $551 |
| 1 adult | $602 | $324 | $543 | $0 | $459 |
Safety trends & Data
Property crime trends in Clay County, Texas, have shown a significant reduction over the past five years. Burglary incidents dropped from 9.00 in 2018 to just 1.00 by 2021, and larceny-theft decreased from 13.00 to 1.00 in the same period. Motor vehicle theft occurrences reduced from 8.00 cases in 2018 to only 2.00 in 2022, although receiving stolen property saw a slight increase recently. This general downward trend might make the area more appealing for potential investors, new residents, and... Read more
Property Crime Trends in Clay County, TX Over the Last 5 Years
Property crime trends in Clay County, Texas, show a significant reduction over the past five years. Particularly notable is the decline in burglary incidents, from 9.00 in 2018 down to just 1.00 by 2021. Larceny-theft also dropped from 13.00 in 2018 to 1.00 in 2021, hinting at possibly increased community vigilance or improved law enforcement measures. Motor vehicle theft occurrences decreased as well, with 8.00 cases in 2018 compared to only 2.00 in 2022. However, cases of receiving stolen property saw a small rise in recent years. This general downward trend could make the area more appealing for potential investors, new residents, and those focused on property development.
Demographics
Clay County, Texas, has a nearly even split between male and female residents with marginally more males. The bulk of the population has completed high school, though a significant number have some college education without a degree. The area appears to have a predominantly white demographic, with very small proportions of other races. The age distribution seems fairly balanced but skews slightly towards older adults, particularly those aged 55 to 64. This could imply a stable but slightly... Read more
Race Distribution in Clay County, Texas (2022)
Educational Attainment in Clay County, Texas (2022)
Age Distribution in Clay County, Texas
Citizen Population in Clay County, Texas (2022)
Political Trends & Data
In Clay County, Texas, the 2020 presidential election saw a striking Republican dominance with roughly 88% of the votes, a trend that's likely indicative of the area’s broader political leanings. Democrats managed to gather only about 11%, while third parties such as the Libertarians and Greens barely made a dent, each getting under 1%. This pattern underscores the county's strong conservative inclination, aligning with the wider political landscape of... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clay County, Texas, showed significant Republican dominance in the 2020 presidential election, with the party receiving around 88% of the votes. The Democratic contenders trailed significantly, capturing roughly 11%, while other parties like the Libertarians and Greens saw minimal support, each securing less than 1%. This trend likely reflects broader statewide political leanings but also highlights Clay County's strong conservative inclination.
88.25% of voters voted for the Republican party in the 2020 Presidential Election
10.69% of voters voted for the Democrat party in the 2020 Presidential Election
0.80% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Clay County, Texas, has fluctuated between 10 and 12 over the last decade, consistently staying below the national average of 14. This lower ratio suggests smaller class sizes, which could appeal to families seeking personalized education. Real estate agents, investors, and builders might find this data useful for marketing to potential buyers with school-aged children, as educational quality is a significant draw for new residents. For appraisers and insurance... Read more
Student-to-teacher ratio in Clay County, Texas over the last 10 years
The student-to-teacher ratio in Clay County, Texas, has consistently remained below the national average of 14 students per teacher over the last decade, fluctuating between 10 and 12. This lower ratio might suggest smaller class sizes, which could appeal to families prioritizing personalized education. Additionally, real estate agents and investors might find this attractive for marketing to potential buyers with school-aged children. For appraisors and insurance agents, the lower student-to-teacher ratio could imply a stable, well-supported community, potentially impacting property values and insurance assessments positively. Builders might consider this data when planning developments, as educational quality can be a significant draw for new residents.
