Cochran County Real Estate and Livability Trends
In Cochran County, Texas, the median home values have risen from $32,300 in 2015 to $48,000 in 2022, making this an attractive market for value-seeking investors compared to the state's $238,000 and the national $179,400 medians. Property taxes have climbed from $1,520.00 in 2012 to $2,483.33 in 2017, suggesting growth in property values or higher tax rates. Shifts in the share of farm-related... Read more
Cochran County Market Trends
Cochran County, Texas, has seen median home values rise from $32,300 in 2015 to $48,000 in 2022, contrasting with the state's median of $238,000 and the national median of $179,400. This affordable market might appeal to investors seeking value appreciation. Real estate taxes in the county also climbed from $1,520.00 in 2012 to $2,483.33 in 2017, indicating possible growth in property values or... Read more
Median Value of Occupied Housing Units in Cochran County, Texas Over the Last 8 Years
Median home values in Cochran County, Texas have experienced steady growth over the past eight years, escalating from $32,300 in 2015 to $48,000 in 2022. This growth contrasts with the broader trends observed in both Texas and the United States. While Cochran County's values remain significantly lower than the state median, which climbed to $238,000 in 2022, and the national median, reaching $179,400, the local market could attract investors looking for more affordable property options with potential for appreciation. This disparity might signal opportunities for those considering relocation or investment in this county, particularly as Texas sees substantial property value increases statewide.
Average Real Estate Taxes Per Tax Return in Cochran County, TX Over the Last 6 Years
Real estate taxes in Cochran County, Texas saw notable fluctuations over the last six years, with a general upward trend. In 2012, the average tax per return was $1,520.00, rising to $2,483.33 by 2017. Significant spikes occurred in 2016 and 2017, where taxes jumped from $1,525.00 in 2015 to $2,260.00 in 2016, marking a potential increase in property values or changes in tax rates. For investors, appraisers, and real estate agents, these tax trends highlight a potentially shifting economic landscape and property market dynamics in Cochran County.
Percentage of Farm Returns in Cochran County, TX Over the Last 10 Years
Over the last decade, Cochran County, Texas, has seen fluctuating trends in the percentage of farm tax returns, ranging from 7.12% to 10.00%. Farm tax returns reflect the profitability and activity levels in the agricultural sector, essential for those considering investments or property developments in this area. Lower farm returns in recent years could suggest a shift in the local economy or challenges in farming profitability. Understanding these trends is crucial for anyone interested in the region, indicating potential risks or opportunities in Cochran County's agriculture-related ventures.
Number of Mortgages by Occupancy Type in Cochran County, TX Over the Last 5 Years in Cochran County
The number of mortgages in Cochran County, Texas, shows a noticeable focus on principal residences, with steady increases over the years, particularly peaking at 49 in 2022. Investment properties and second residences have remained minimal, barely crossing the single-digit mark. This trend might indicate a moderately stable demand for family-oriented housing, vital for investors evaluating long-term rental potential or resale value. For real estate agents, understanding this can help tailor marketing strategies, while appraisers and insurance agents can adjust risk assessments based on prevalent property use. Overall, the primary demand for principal residences suggests a community leaning towards stability rather than transient or speculative property turnover.
Economic Outlook
In Cochran County, Texas, the average taxable income per tax return has generally increased over the past nine years, from $38,277.42 in 2014 to $49,602.73 in 2021, indicating a trend of economic improvement. Notably, there were fluctuations in income, which could influence financial planning and investment decisions. The average total tax liability per tax return also saw significant peaks and troughs, such as a high of $7,245.83 in 2020 and a low of $5,667.09 in 2018. These income and tax... Read more
Average Taxable Income per Tax Return in Cochran County, TX over the last 9 years
Over the past nine years in Cochran County, Texas, the average taxable income per tax return has generally trended upwards, with a noticeable dip in 2014 but consistent growth thereafter. From a low of $38,277.42 in 2014 to a peak of $49,602.73 in 2021, the data suggest gradual economic improvement in the area. This makes Cochran County potentially appealing for investors and those looking to move, hinting at economic stability and growth. However, there was a significant fluctuation in incomes, which might be a consideration for financial planning and investment decisions.
Average Total Tax Liability Per Tax Return in Cochran County, TX Over the Last 10 Years
Cochran County has experienced fluctuations in its average total tax liability per tax return over the past decade, with notable peaks in 2013 ($7067.47) and 2020 ($7245.83). However, there have also been dips, such as in 2018 when the average liability fell to $5667.09. These variations can be important for potential investors, property appraisers, and new residents as they hint at the economic shifts in the area, possibly linked to broader economic trends or local policy changes. Real estate agents and builders might also find this information useful when assessing property prices and market conditions in Cochran County, Texas.
Cost of Living in Cochran County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,311 | $2,079 | $1,199 | $847 |
| 1 adult 4 children | $1,005 | $1,071 | $1,592 | $1,199 | $933 |
| 2 adults 3 children | $1,005 | $1,071 | $1,803 | $1,199 | $672 |
| 1 adult 3 children | $1,005 | $874 | $1,316 | $1,199 | $690 |
| 2 adults 2 children | $826 | $877 | $1,527 | $1,046 | $607 |
| 1 adult 2 children | $826 | $655 | $1,040 | $1,046 | $552 |
| 2 adults 1 child | $826 | $693 | $1,250 | $548 | $595 |
| 1 adult 1 child | $826 | $448 | $763 | $548 | $491 |
| 2 adults | $658 | $557 | $974 | $0 | $526 |
| 1 adult | $623 | $304 | $487 | $0 | $457 |
Safety trends & Data
In Cochran County, Texas, property crimes have maintained a generally consistent pattern over the past four years, with larceny-theft occurring annually. Sporadic instances of motor vehicle thefts and vandalism have also been reported. Interestingly, 2022 experienced a spike in stolen property crimes, which might raise concerns among investors and property developers regarding insurance costs and security measures for new projects. These factors could impact local real estate market evaluations... Read more
Property Crime Trends in Cochran County, TX Over the Last 4 Years
Over the past four years, property crimes in Cochran County, Texas, have shown a variable yet generally consistent pattern. Larceny-theft occurred every year, while motor vehicle thefts and vandalism have appeared sporadically. Notably, 2022 saw a spike in crimes related to stolen property, suggesting a potential emerging concern for investors and property developers. These trends could be relevant for insurance assessments, local real estate market evaluations, and security considerations for new developments.
Demographics
Cochran County, Texas appears to have a fairly balanced adult population with a near-equal split between males and females. The educational attainment data indicates that a substantial number of residents may not have pursued education past high school, with a significant portion not even completing high school. This trend could impact the local workforce and economy. Age distribution suggests a substantially younger population with notable groupings under 10 years old, which could influence... Read more
Race Distribution in Cochran County, Texas (2022)
Educational Attainment in Cochran County, Texas (2022)
Age Distribution in Cochran County, Texas
Citizen Population in Cochran County, Texas (2022)
Political Trends & Data
Cochran County, Texas, may have a dominant political alignment favoring the Republican party, as suggested by the 2020 U.S. Presidential Election results. It appears the Democratic party garnered much less support, and minor parties like the Libertarians and Greens seemed to make little impact. This trend could hint at a relatively uniform political landscape, potentially influenced by local socio-economic factors or historical voting... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cochran County, Texas, the 2020 U.S. Presidential Election results suggest a strong leaning towards the Republican party, possibly due to local socio-economic factors or historical voting patterns. The Democratic party saw a significantly lesser share, while minor parties like the Libertarians and Greens barely registered any impact. This might indicate a relatively homogeneous political climate or limited competition from third parties.
80.90% of voters voted for the Republican party in the 2020 Presidential Election
17.70% of voters voted for the Democrat party in the 2020 Presidential Election
1.10% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Cochran County, Texas, the student-to-teacher ratio has consistently stayed below the national average of 14, reaching a peak low of 10 in 2021. This ratio suggests smaller class sizes, a factor that can be appealing for families seeking focused, personalized education for their children. Such educational metrics could play a role in boosting local property demand, as buyers often consider quality school systems when making purchasing decisions. This trend may also inform investors and real... Read more
Student-to-teacher ratio in Cochran County, Texas over the last 10 years
The student-to-teacher ratio in Cochran County, Texas has notably been lower than the national average of 14 students per teacher over the past decade, peaking at 10 in 2021. Ratios like these can imply smaller class sizes, which is often seen as beneficial for individualized attention and tailored instruction. For investors, educators, and real estate professionals, such trends can influence decisions; smaller class sizes often appeal to families prioritizing quality education, potentially impacting local property demand and school system evaluations.
