Collin County Real Estate and Livability Trends
Collin County, Texas has seen notable economic improvements reflected in rising taxable incomes, higher property values, and a declining poverty rate. Median home values skyrocketed from $223,400 in 2015 to $411,100 in 2022, significantly outpacing state and national trends, hinting at a robust demand and potential long-term gains for investors. The educational environment remains appealing with... Read more
Collin County Market Trends
Collin County, Texas has seen median home values soar from $223,400 in 2015 to $411,100 in 2022, far outpacing both state and national trends. This increase could signal strong demand and potential long-term gains for investors and homebuyers. The county also experienced fluctuations in residential energy tax credits, peaking at approximately $3,080 in 2018, possibly reflecting a surge in... Read more
Median Value of Occupied Housing Units in Collin County, Texas Over the Last 8 Years
Over the past eight years, median home values in Collin County, Texas have surged from $223,400 in 2015 to $411,100 in 2022. This notable increase outpaces both Texas' growth, where values climbed from $136,000 to $238,000, and the national trend, which rose from $125,500 to $179,400. Prospective investors or homebuyers might see Collin County’s rapid appreciation as a signal of strong demand and potential long-term gains, despite the higher initial investment compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Collin County, TX Over the Last 9 Years
In Collin County, Texas, the average residential energy tax credit per tax return has shown significant variability over the last nine years. Notably, there was a sharp increase around 2017, peaking dramatically in 2018 at approximately $3080.00 before leveling off, though still higher than earlier years. This trend might indicate an increased adoption of energy-efficient technologies or significant investments in home improvements aimed at reducing energy costs. Such developments could be highly relevant for real estate agents, potential investors, and property appraisers, as they may reflect broader community engagement in sustainable living initiatives.
Average Real Estate Taxes Per Tax Return in Collin County, TX Over the Last 10 Years
Collin County, Texas, has seen a notable increase in average real estate taxes per tax return over the last decade. Starting at approximately $5,921.73 in 2012, these taxes have nearly doubled to around $10,135.58 by 2021. This consistent upward trend suggests growing property values, likely driven by higher demand and possibly reflecting a broader economic expansion in the area. For real estate agents, appraisers, and insurance agents, this could indicate a more lucrative market, though it's something potential buyers and investors might want to factor into their financial planning.
Percentage of Farm Returns in Collin County, TX Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Collin County, Texas has seen a steady decline from 0.87% in 2012 to about 0.61% in 2021, likely indicating a shift away from agriculture in this region. Farm tax returns provide insight into the amount of agricultural income being reported, which has implications for local economies, land use, and investment potential. On a broader scale, this trend could hint at increased urbanization or diversification of economic activities in Collin County, possibly making it more attractive for potential investors and developers who are more interested in non-agricultural ventures. This gradual reduction might also influence decisions for those considering moving to or building property in the area, as land originally used for farming could be repurposed for residential, commercial, or industrial developments.
Number of Mortgages by Occupancy Type in Collin County, TX Over the Last 5 Years in Collin County
Over the past five years in Collin County, Texas, there has been a notable fluctuation in mortgage counts across different occupancy types. Principal residences consistently dominate, but a sharp decline was seen in 2022 compared to earlier years. Investment properties showed varied activity, with a peak in 2021 before decreasing again in 2022. Second residences, though small in number, also followed a declining trend. These shifts could indicate changing market dynamics, affecting investment potential and property values. Changes in occupancy type might suggest evolving housing demands and financial priorities, influencing decisions for investors, homebuyers, appraisers, and real estate agents. Understanding these trends is crucial for anyone engaged in property transactions or development in this region.
Economic Outlook
The average taxable income per tax return in Collin County, Texas rose from $92,041.21 in 2013 to $130,107.20 in 2021, particularly spiking from 2017 to 2021. State and local income taxes mirrored this growth, jumping from $12,677.73 in 2018 to $20,007.87 in 2021. These figures suggest an economic uptick conducive to higher property values, relevant for investors, real estate agents, appraisers, and insurers. Additionally, a significant decline in the poverty rate from 7.4% in 2013 to 4.5% in... Read more
Average Taxable Income per Tax Return in Collin County, TX over the last 9 years
The average taxable income per tax return in Collin County, Texas has seen a steady rise over the last nine years, jumping from $92,041.21 in 2013 to $130,107.20 in 2021. Noteworthy increases occurred particularly between 2017 and 2021, indicating a significant economic growth phase. This trend could be attractive for investors and real estate agents, suggesting a growing affluence in the area. Those looking to move into the county might find the upward income trend appealing, while appraisers and insurance agents can consider this data a key factor in their assessments of property values and risks.
Average State and Local Income Taxes Per Tax Return in Collin County, TX Over the Last 10 Years
Collin County, Texas has seen a gradual increase in state and local income taxes per tax return over the past decade. Notably, there was a significant jump from $12,677.73 in 2018 to $15,274.31 in 2020, reaching $20,007.87 in 2021. This surge might indicate rising incomes and potentially higher property values, factors crucial for investors, appraisers, and real estate agents. Such trends could impact decisions related to property investment, development, and insurance considerations.
Average Total Tax Liability Per Tax Return in Collin County, TX Over the Last 10 Years
Collin County, Texas, has seen an upward trend in average total tax liability per tax return over the past decade, with a notable increase in 2021, reaching $26,093.08. This escalation could indicate rising income levels or property values, making it a critical point of interest for investors, appraisers, and real estate agents. For those considering moving to or building property in the area, understanding this trend is essential for financial planning and property valuation. Insurance agents might also find this data relevant for adjusting coverage plans in response to the apparent economic growth.
Cost of Living in Collin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,316 | $1,516 | $1,722 | $1,754 | $1,463 |
| 1 adult 4 children | $2,316 | $1,238 | $1,315 | $1,754 | $1,637 |
| 2 adults 3 children | $2,316 | $1,239 | $1,495 | $1,754 | $1,246 |
| 1 adult 3 children | $2,316 | $1,011 | $1,088 | $1,754 | $1,405 |
| 2 adults 2 children | $1,838 | $1,014 | $1,267 | $1,526 | $974 |
| 1 adult 2 children | $1,838 | $757 | $861 | $1,526 | $1,047 |
| 2 adults 1 child | $1,838 | $801 | $1,040 | $786 | $869 |
| 1 adult 1 child | $1,838 | $518 | $634 | $786 | $826 |
| 2 adults | $1,557 | $644 | $813 | $0 | $726 |
| 1 adult | $1,479 | $351 | $407 | $0 | $652 |
Safety trends & Data
Collin County, Texas is experiencing notable shifts in property crime trends that may impact real estate valuations and decisions. Larceny-theft, the most prominent crime, peaked at 1,828 cases in 2019, dipped to 1,166 in 2021, and slightly climbed to 1,531 in 2022. Motor vehicle thefts have increased significantly from 80 cases in 2021 to 115 in 2022, and instances of fraud have risen to 218 cases in 2022 from 173 in 2021. These fluctuations in property crime could affect insurance rates and... Read more
Property Crime Trends in Collin County, TX Over the Last 5 Years
Collin County, Texas has experienced fluctuating trends in property crime over the last five years, with larceny-theft consistently remaining the most prominent crime, peaking at 1,828 cases in 2019, then dipping to 1,166 in 2021, and slightly climbing again to 1,531 in 2022. Motor vehicle thefts show a notable increase, particularly from 2021 to 2022, moving from 80 to 115 reported cases. Additionally, instances of fraud and vandalism have shown variability, with fraud seeing a high of 218 cases in 2022, up from 173 in 2021. These patterns suggest potential shifts in security dynamics, impacting real estate valuations, insurance rates, and investment decisions in the area.
Demographics
Collin County, Texas exhibits a relatively balanced gender demographic among adults, slightly favoring females. The age distribution suggests a youthful demographic, particularly clustered in the 35 to 44 years range, implying potential demand for family-friendly amenities and schools. Education levels are impressive, with a significant portion of the population holding at least a bachelor’s degree, hinting at a skilled workforce. The racial makeup is predominantly white, but substantial... Read more
Race Distribution in Collin County, Texas (2022)
Educational Attainment in Collin County, Texas (2022)
Age Distribution in Collin County, Texas
Citizen Population in Collin County, Texas (2022)
Political Trends & Data
Collin County, Texas exhibited a subtle shift in its political landscape during the 2020 Presidential Election. Although Republicans secured an estimated 51.4% of the votes, Democrats were close behind with around 47.0%. This narrowing margin could indicate changing voter dynamics, hinting at potential future political shifts in what has been a traditionally conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Collin County in Texas saw a slight leaning towards the Republican party with an estimated 51.4% of votes, compared to around 47.0% for the Democrats in the 2020 Presidential Election. Libertarians captured roughly 1.2% of the votes, while Green Party and other candidates collectively garnered less than 1%. These results suggest that, while traditionally conservative, the county could be seeing a narrowing margin between the two major parties.
51.40% of voters voted for the Republican party in the 2020 Presidential Election
47.05% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Collin County, Texas, has maintained a student-to-teacher ratio hovering around the national average of 14 students per teacher over the past decade, appealing to families seeking consistent educational environments. This stability might indicate balanced school budgets and stable property values, attracting families who prioritize education in their relocation decisions. An outlier in 2018 with a ratio of 114.56 appears to be a data error. Real estate professionals should find this data useful... Read more
Student-to-teacher ratio in Collin County, Texas over the last 10 years
Collin County, Texas, has seen its student-to-teacher ratio hover around the national average of 14 students per teacher over the past decade. With values fluctuating between approximately 13.56 and 14.16, this stability may appeal to families seeking consistent educational environments. Interestingly, there is an outlier in 2018 with an unusually high ratio of 114.56, likely a data error or anomaly. Investors should note that maintaining a steady student-to-teacher ratio could signify balanced school budgets and potentially stable property values in the area. For real estate agents and homebuilders, promoting this consistency might attract families emphasizing education in their relocation decisions, while appraisers and insurance agents could find this data useful when assessing local school resources and community growth potential.
