Collingsworth County Real Estate and Livability Trends
In Collingsworth County, Texas, the average taxable income per tax return has notably increased, peaking at $62,093.10 in 2021, hinting at growing economic opportunities. The median home values remain relatively affordable at $89,500 in 2022, below state and national medians, which could be a draw for investors and relocators. Real estate taxes have risen, potentially indicating increasing... Read more
Collingsworth County Market Trends
Over the past eight years, Collingsworth County, Texas has experienced varying median home values, reaching $89,500 in 2022, well below both the state and national medians. This affordability could be appealing for investors or those relocating within Texas, especially given the general rise in property values elsewhere. Additionally, the gradual increase in real estate taxes from $2,162.50 in... Read more
Median Value of Occupied Housing Units in Collingsworth County, Texas Over the Last 8 Years
Over the past eight years, Collingsworth County, Texas has seen fluctuating median home values, reaching $89,500 in 2022, which is significantly lower than both the state and national medians of $238,000 and $179,400, respectively. The local market plummeted to a low of $51,800 in 2018 before rebounding. This relative affordability could present an opportunity for investors or those looking to settle in Texas, especially given the broader trend of rising property values across the state and country.
Average Real Estate Taxes Per Tax Return in Collingsworth County, TX Over the Last 6 Years
Over the past six years, Collingsworth County, Texas, has seen a general increase in average real estate taxes per tax return, rising from $2,162.50 in 2012 to $3,033.33 in 2017. This upward trend may indicate rising property values or increased budgetary needs in the county. This could be of interest to real estate investors considering the long-term growth trajectory in property expenses or to potential homeowners looking at their future financial commitments. Similarly, appraisers and insurance agents might find this data useful in assessing property values and related insurance premiums.
Percentage of Farm Returns in Collingsworth County, TX Over the Last 10 Years
Over the last decade, farm tax returns have shown nuanced fluctuations in Collingsworth County, Texas. The percentages have generally hovered around 19.35% in 2012, peaking at approximately 21.37% in 2018, and marginally dipped to 20.17% by 2021. These farm tax returns are indicative of local agricultural activity and can be a useful metric for potential investors evaluating the economic health and agricultural viability of the county. For those considering moving to, building property in, or investing in the area, these statistics suggest a stable, if slightly variable, farming economy which could potentially influence land values and local economic conditions.
Number of Mortgages by Occupancy Type in Collingsworth County, TX Over the Last 5 Years in Collingsworth County
Over the past five years, Collingsworth County, Texas has seen fluctuations in mortgage counts primarily for principal residences, peaking at 52 in 2018 and lowest at 30 in 2021. Investment properties and second residences have had noticeably lower and sporadic activity. Occupancy type shifts could indicate changing local economic conditions or demographic trends, influencing housing demand and pricing. For real estate agents, investors, or builders, understanding these patterns might help tailor strategies to better align with market demands. Appraisers and insurance agents could also find this data useful for risk assessment and property valuation adjustments.
Economic Outlook
In Collingsworth County, Texas, there's been a noticeable increase in average taxable income per tax return, peaking at $62,093.10 in 2021 from $43,534.40 in 2013. This upward trend hints at growing economic opportunities or industry shifts, making the area potentially attractive to investors and homebuyers. Additionally, average total tax liability per tax return has fluctuated significantly, with a low of $6,986.90 in 2014 and a high of $11,276.40 in 2021, suggesting economic or policy... Read more
Average Taxable Income per Tax Return in Collingsworth County, TX over the last 9 years
There's a noticeable upward trend in the average taxable income per tax return in Collingsworth County, Texas, especially in recent years. From $43,534.40 in 2013, it modestly fluctuated but saw significant increases from 2019 onwards, peaking at $62,093.10 in 2021. These income trends could indicate growing economic opportunities or shifts in local industry, relevant for potential investors, homebuyers, real estate agents, and insurance professionals assessing the financial health and prospects of the area.
Average Total Tax Liability Per Tax Return in Collingsworth County, TX Over the Last 10 Years
Collingsworth County, Texas has witnessed considerable fluctuations in average total tax liability per tax return over the past decade, with amounts ranging from a low of approximately $6,986.90 in 2014 to a peak of around $11,276.40 in 2021. Notably, the years 2019 and 2020 also saw significant spikes to $8,798.75 and $8,520.00, respectively. For those considering investments or property dealings in the area, these variations may suggest corresponding economic or policy shifts impacting residents' financial responsibilities. Understanding these tax liability trends can provide valuable insights for appraisers, real estate agents, and potential homebuyers into the local financial landscape.
Cost of Living in Collingsworth County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,039 | $1,331 | $1,948 | $1,242 | $806 |
| 1 adult 4 children | $1,039 | $1,087 | $1,491 | $1,242 | $888 |
| 2 adults 3 children | $1,039 | $1,087 | $1,689 | $1,242 | $639 |
| 1 adult 3 children | $1,039 | $888 | $1,232 | $1,242 | $656 |
| 2 adults 2 children | $826 | $890 | $1,431 | $1,084 | $575 |
| 1 adult 2 children | $826 | $665 | $974 | $1,084 | $520 |
| 2 adults 1 child | $826 | $704 | $1,173 | $572 | $566 |
| 1 adult 1 child | $826 | $454 | $715 | $572 | $470 |
| 2 adults | $731 | $565 | $914 | $0 | $521 |
| 1 adult | $623 | $308 | $457 | $0 | $444 |
Demographics
Collingsworth County, Texas, presents a compelling demographic picture with a notably higher number of females compared to males. When it comes to education, a significant portion of the population has achieved at least a high school diploma, with a decent spread across higher education levels, including 91 individuals with graduate or professional degrees. The age distribution shows a balanced spread across various age groups, though it leans slightly towards older demographics, exemplified by... Read more
Race Distribution in Collingsworth County, Texas (2022)
Educational Attainment in Collingsworth County, Texas (2022)
Age Distribution in Collingsworth County, Texas
Citizen Population in Collingsworth County, Texas (2022)
Political Trends & Data
In Collingsworth County, Texas, the 2020 U.S. Presidential Election results show a dominant Republican inclination with nearly 86% of the vote potentially going to the GOP. Democrats garnered around 12.7%, and minor parties collectively received less than 1.5%. This trend highlights broader political leanings in rural areas of Texas, which often favor conservative candidates and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Collingsworth County, Texas, the 2020 U.S. Presidential Election saw a dominant Republican trend, with nearly 86% of the vote possibly going their way. Democrats captured approximately 12.7%, while Libertarians, Greens, and other parties received less than 1.5% combined. This suggests a strong Republican leaning in this county, which could reflect broader political patterns in rural Texas areas.
86.04% of voters voted for the Republican party in the 2020 Presidential Election
12.73% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% of voters voted for the Livertarian party in the 2020 Presidential Election
0.08% of voters voted for the Green party in the 2020 Presidential Election
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Collingsworth County, Texas has seen a significant decline in the student-to-teacher ratio, dropping from 11 students per teacher in 2014 to around 10 in recent years, compared to the national average of 14. This lower ratio suggests smaller class sizes, potentially appealing to parents and educators seeking more personalized educational environments. For investors and developers, this trend hints at a community that values education, while real estate agents could... Read more
Student-to-teacher ratio in Collingsworth County, Texas over the last 10 years
Over the past decade, Collingsworth County, Texas has seen a significant decline in the student-to-teacher ratio, dropping from 11 students per teacher in 2014 to around 10 in recent years. This is notably lower than the current US national average of 14 students per teacher. Such a downward trend could suggest smaller class sizes, which may be appealing for parents and educators seeking more personalized educational environments. For potential investors and developers, these figures might indicate a community that values education, while real estate agents could leverage this trend as a selling point. Insurance agents and appraisers might also use these insights to assess the local quality of life and its potential impact on property values.
