Concho County Real Estate and Livability Trends
In Concho County, Texas, the average taxable income exhibits significant volatility, peaking at $58,097.20 in 2015 and dipping to $43,092 in 2016, suggesting cyclical economic conditions affecting property valuations and investment strategies. Median home values fell from $109,800 in 2017 to $92,900 in 2022, while real estate taxes showed peaks up to $4,270.00 in 2017, possibly reflecting... Read more
Concho County Market Trends
Concho County, Texas's housing market is seeing median home values that are significantly lower than both Texas and national averages, with a peak of $109,800 in 2017, dropping to $92,900 in 2022. Real estate taxes have shown considerable volatility, peaking at $4,270.00 in 2017, reflecting possibly shifting economic conditions. Agricultural trends indicated by farm tax returns have dipped from... Read more
Median Value of Occupied Housing Units in Concho County, Texas Over the Last 8 Years
Concho County, Texas has seen fluctuating median home values over the past eight years, starting at $86,000 in 2015, peaking at $109,800 in 2017, and then dropping to $92,900 in 2022. When compared to the broader scope, these values are significantly lower than the Texas state median, which rose from $136,000 in 2015 to $238,000 in 2022. Nationally, the median home value increased from $125,500 in 2015 to $179,400 in 2022. This suggests that while Concho County offers more affordable housing options, it may indicate lower investment potential compared to statewide and national averages.
Average Real Estate Taxes Per Tax Return in Concho County, TX Over the Last 6 Years
Over the past six years, Concho County, Texas has seen fluctuating average real estate taxes per tax return, with notable increases. Starting at around $2,211.11 in 2012, there was a significant jump to approximately $2,888.89 in 2013 and continued to rise to $3,600.00 by 2015. After a slight dip to $2,840.00 in 2016, a peak of $4,270.00 was reached in 2017. These trends might hint at evolving economic conditions and property value changes, offering critical insights for potential investors, property developers, and real estate professionals considering activity in the area.
Percentage of Farm Returns in Concho County, TX Over the Last 10 Years
The percentage of farm tax returns in Concho County, Texas has shown some variability over the last decade, generally hovering around 18% to 20%, but with a slight downward trend appearing more recently. Farm tax returns can offer insight into the agricultural economic health of the area, impacting property values and investment opportunities. For those looking to invest in or move to the region, a small but notable decrease from 20% in 2017 and 2018 to around 17.09% by 2021 might suggest evolving agricultural dynamics or economic conditions worth monitoring.
Number of Mortgages by Occupancy Type in Concho County, TX Over the Last 5 Years in Concho County
The trend data for Concho County, Texas shows mortgages for principal residences consistently dominating, with numbers peaking in 2021 at 67 before declining slightly in 2022. Investment properties have remained a minor fraction, hovering around 1 to 3 mortgages per year. Second residences saw a small increase from 2018 (1) to 2021 (13), then decreased again in 2022 (6). Shifts in occupancy types can impact everything from property values to insurance rates, making them a crucial factor for investors, prospective residents, appraisers, and real estate professionals when evaluating market dynamics and potential risk factors.
Economic Outlook
In Concho County, Texas, average taxable income per tax return has shown significant volatility, with a peak at $58,097.20 in 2015 and a low at $43,092 in 2016, followed by a gradual rise to $53,288.57 in 2021. Similarly, total tax liability per tax return also peaked in 2015 at $11,576.62, then decreased to $7,265.43 by 2021. These economic fluctuations could suggest cyclical conditions, which might impact property valuation, taxation strategies, and real estate investments. Understanding... Read more
Average Taxable Income per Tax Return in Concho County, TX over the last 9 years
Concho County, Texas has experienced notable fluctuations in average taxable income per tax return over the past nine years. The income spiked significantly in 2015, reaching around $58,097.20, but dropped sharply in 2016 to roughly $43,092. Since 2018, there has been a relatively steady increase, with 2021 showing a modest growth to approximately $53,288.57. This trend might suggest cyclical economic conditions, with potential implications for property valuation, taxation strategies, and real estate investments. For those considering moving to or investing in Concho County, understanding these fluctuations can provide valuable insight into the local economic climate.
Average Total Tax Liability Per Tax Return in Concho County, TX Over the Last 10 Years
Concho County, Texas has experienced a notable fluctuation in average total tax liability per tax return over the past decade, peaking at $11,576.62 in 2015 and dropping to $7,265.43 by 2021. This variation may offer prospective investors and real estate agents insights into the economic climate and property tax trends in the area. For those considering building or insuring property in Concho County, understanding these shifts could be crucial for financial planning and long-term investment decisions.
Cost of Living in Concho County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,352 | $1,299 | $2,205 | $1,164 | $994 |
| 1 adult 4 children | $1,352 | $1,061 | $1,689 | $1,164 | $1,110 |
| 2 adults 3 children | $1,352 | $1,061 | $1,911 | $1,164 | $807 |
| 1 adult 3 children | $1,352 | $866 | $1,396 | $1,164 | $881 |
| 2 adults 2 children | $1,031 | $869 | $1,618 | $1,013 | $685 |
| 1 adult 2 children | $1,031 | $649 | $1,102 | $1,013 | $623 |
| 2 adults 1 child | $1,031 | $687 | $1,325 | $523 | $653 |
| 1 adult 1 child | $1,031 | $443 | $809 | $523 | $539 |
| 2 adults | $821 | $552 | $1,031 | $0 | $571 |
| 1 adult | $777 | $301 | $516 | $0 | $487 |
Safety trends & Data
Property crime trends in Concho County, Texas reveal some variation over recent years that could influence real estate decisions. Larceny-theft arrests were reported at 3 in 2018, while 2019 saw a slight increase in burglaries with 5 arrests. Vandalism remained minimal with only 1 reported incident in 2020. This evolving crime landscape might be crucial for insurers and investors focusing on risk assessment and understanding its potential impact on local property... Read more
Property Crime Trends in Concho County, TX Over the Last 3 Years
Despite having relatively low incidents, property crime in Concho County, Texas has exhibited notable shifts over the past three years. In 2018, there were instances of larceny-theft totaling 3 arrests. By 2019, burglaries saw a slight uptick with 5 arrests. Interestingly, vandalism arrests were minimal with just 1 incident reported in 2020. This data could suggest varying focus areas for law enforcement and potential risk assessments for insurers and investors, particularly those looking to understand local crime trends and their potential impact on property values.
Demographics
Concho County, Texas shows a nearly even split between males and females in the adult population. The area hosts a robust demographic of high school graduates, though postsecondary educational attainment tends to taper off, with significantly fewer bachelor's and graduate degrees. Age distribution skews towards older residents, particularly those aged 55 and over. The racial composition remains predominantly White, with minimal representation from other ethnic groups. This demographic insight... Read more
Race Distribution in Concho County, Texas (2022)
Educational Attainment in Concho County, Texas (2022)
Age Distribution in Concho County, Texas
Citizen Population in Concho County, Texas (2022)
Political Trends & Data
Concho County, Texas, may lean heavily Republican, with the GOP seemingly securing about 83% of the votes in the 2020 U.S. Presidential Election. Amid this clear partisan divide, Democratic support appeared limited, sitting near 15%. This robust GOP preference could potentially impact property market trends, possibly influencing buyer expectations and neighborhood... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Concho County, Texas, the 2020 U.S. Presidential Election saw a significant tilt towards Republican voters, who possibly constituted around 83% of the electorate. Democrats trailed notably with roughly 15%, suggesting limited support in the area. Minor parties like the Libertarians and Greens had minimal impact, each gaining less than 1% of the vote, hinting at a predominantly bipartisan landscape.
83.44% of voters voted for the Republican party in the 2020 Presidential Election
15.54% of voters voted for the Democrat party in the 2020 Presidential Election
0.79% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
School Data
Concho County, Texas has seen its student-to-teacher ratio fluctuate below the national average of 14:1 over the past decade, ranging from a low of 9 to a peak of 12 in 2018. This lower ratio could imply more individualized attention in classrooms, potentially appealing to families seeking personalized education for their children. Such a trend may attract real estate investors or potential new residents, suggesting a supportive educational environment that could have positive effects on... Read more
Student-to-teacher ratio in Concho County, Texas over the last 10 years
Concho County, Texas has experienced fluctuations in its student-to-teacher ratio over the past decade, with numbers generally hovering below the national average of 14 students per teacher. The ratio has ranged from a low of about 9 in recent years to a peak of 12 in 2018. This relatively low student-to-teacher ratio could indicate more individualized attention in classrooms, potentially attracting families seeking a more personalized education experience for their children. Investors, real estate agents, and those looking to move to the area might find this trend appealing, as it suggests a supportive educational environment which can have ripple effects on community attractiveness and property values.
