Cottle County Real Estate and Livability Trends
In Cottle County, Texas, the average taxable income per tax return rose from $31,307.81 in 2013 to $41,953.85 in 2021, hinting at economic growth that could influence property values. Median home values, ranging between $41,500 and $52,000 over the past eight years, remain notably below Texas state and national averages, making it a compelling market for budget-conscious buyers. The drastic drop... Read more
Cottle County Market Trends
Cottle County, Texas, offers a stark contrast to the broader real estate market with median home values between $41,500 and $52,000 over the past eight years, far below the Texas state and national averages. This presents potential opportunities for buyers seeking lower entry costs in the housing market. Additionally, the area has experienced a notable decline in real estate taxes from... Read more
Median Value of Occupied Housing Units in Cottle County, Texas Over the Last 8 Years
Cottle County, Texas, with its median home values ranging from $41,500 to $52,000 over the past eight years, may seem like a more affordable option compared to the Texas state average of $136,000 to $238,000 during the same period. This difference might appeal to those looking for a budget-friendly investment or housing option. Additionally, this county's values are significantly lower than the national median, which soared from $125,500 in 2015 to $179,400 in 2022, suggesting potential opportunities for buyers seeking lower entry costs in the housing market.
Average Real Estate Taxes Per Tax Return in Cottle County, TX Over the Last 3 Years
Cottle County, Texas has experienced a notable decline in average real estate taxes per tax return over the past several years. Starting at approximately $4,800.00 in 2012, the taxes dropped sharply to around $1,900.00 in 2013 and continued to decrease to about $1,300.00 in 2015. This trend may suggest a decreasing property valuation or a possible shift in tax policies, potentially impacting decisions for real estate investment and development. For homeowners and potential buyers, the lower tax burden could make the area more attractive, though it's essential to consider what these changes mean for public services funded by these taxes.
Percentage of Farm Returns in Cottle County, TX Over the Last 10 Years
Over the last decade, Cottle County, Texas has seen subtle fluctuations in the percentage of farm tax returns, with a slight downward trend. Percentages ranged from 20.00% in 2012 to 18.68% in 2021, peaking around 21.67% in 2016 before a gradual decline. Farm tax returns, reflecting agricultural productivity and economic stability, are key indicators for investors and prospective residents eyeing rural property or business opportunities. This declining trend might suggest shifting economic dynamics or changing farming practices, and is crucial information for those assessing long-term viability and economic health in this area.
Number of Mortgages by Occupancy Type in Cottle County, TX Over the Last 5 Years in Cottle County
Principal residence mortgages in Cottle County, Texas have consistently increased from 8 in 2018 to 19 in 2022. On the flip side, second residence and investment property mortgages have seen minimal activity, with second residences peaking at 1 mortgage per year and investment properties fluctuating between 1-2 annually. Changes in occupancy types are crucial for investors and developers to assess market preferences and residential stability. A rise in principal residence mortgages suggests a more stable, family-oriented community, which is attractive for long-term investments and lower insurance risks. Conversely, minimal movement in second residences and investment properties might imply limited interest in vacation homes and rental markets, which could influence decisions on new development or price setting.
Economic Outlook
In Cottle County, Texas, the average taxable income per tax return has seen a steady rise over the past nine years, jumping from $31,307.81 in 2013 to $41,953.85 in 2021. Notable spikes post-2017 suggest economic improvements that could affect property values, making the region increasingly appealing to investors and developers. Meanwhile, average total tax liability per tax return displayed variability, hitting a peak of $6,357.14 in 2014, but has shown a recent trend towards stabilization,... Read more
Average Taxable Income per Tax Return in Cottle County, TX over the last 9 years
Over the past nine years, Cottle County, Texas has shown a consistent upward trend in average taxable income per tax return, with the most notable increases happening after 2017. The average taxable income rose from $31,307.81 in 2013 to $41,953.85 in 2021, reflecting moderate but steady economic growth in the county. This trend could suggest improving economic conditions and may impact property values, making it potentially attractive for investors, appraisers, and those looking at real estate development.
Average Total Tax Liability Per Tax Return in Cottle County, TX Over the Last 10 Years
Over the past decade, Cottle County, Texas has seen fluctuations in average total tax liability per tax return, peaking at $6,357.14 in 2014 and dipping as low as $4,676.32 in 2018. In recent years, there's been a trend towards stabilization, with a notable rise to $5,810.53 in 2021. For investors and real estate agents, these variations could signal changing economic conditions, influencing property values and investment strategies. Appraisers and insurance agents might find the data useful for risk assessment, while potential residents and builders can gauge the fiscal landscape when considering relocating or constructing new properties in the area.
Cost of Living in Cottle County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,331 | $2,143 | $1,109 | $785 |
| 1 adult 4 children | $1,005 | $1,087 | $1,642 | $1,109 | $840 |
| 2 adults 3 children | $1,005 | $1,087 | $1,858 | $1,109 | $611 |
| 1 adult 3 children | $1,005 | $888 | $1,357 | $1,109 | $597 |
| 2 adults 2 children | $826 | $890 | $1,573 | $968 | $558 |
| 1 adult 2 children | $826 | $665 | $1,072 | $968 | $482 |
| 2 adults 1 child | $826 | $704 | $1,288 | $510 | $553 |
| 1 adult 1 child | $826 | $454 | $787 | $510 | $443 |
| 2 adults | $658 | $565 | $1,003 | $0 | $492 |
| 1 adult | $623 | $308 | $502 | $0 | $418 |
Demographics
Cottle County, Texas, presents a slightly larger female adult population compared to males. Education levels are diverse, with many residents having completed high school or some college but fewer holding advanced degrees. The age distribution shows a balanced spread across various age groups, although there might be a modest skew towards older adults. Racially, the county is predominantly White, with small percentages of Black or African American residents and even fewer from other racial... Read more
Race Distribution in Cottle County, Texas (2022)
Educational Attainment in Cottle County, Texas (2022)
Age Distribution in Cottle County, Texas
Citizen Population in Cottle County, Texas (2022)
Political Trends & Data
Cottle County, Texas, saw Republicans potentially clinching about 81.5% of the vote in the 2020 U.S. Presidential Election, indicating a strong conservative presence. Democrats possibly received around 17%, with minor parties like the Libertarians and Greens collectively accounting for under 2%. This conservative trend could be essential for investors to consider, particularly those interested in understanding the local political climate for long-term real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cottle County, Texas, exhibited a strong leaning towards the Republican Party in the 2020 U.S. Presidential Election, with Republicans potentially securing around 81.5% of the vote. In contrast, Democrats might have garnered roughly 17%, while minor parties like the Libertarians and Greens collectively accounted for less than 2% of the votes. These figures suggest a predominantly conservative voter base in this county.
81.57% of voters voted for the Republican party in the 2020 Presidential Election
17.07% of voters voted for the Democrat party in the 2020 Presidential Election
0.91% of voters voted for the Livertarian party in the 2020 Presidential Election
0.45% of voters voted for the Green party in the 2020 Presidential Election
School Data
Over the past decade, Cottle County, Texas has seen student-to-teacher ratios fluctuating between eight and ten students per teacher, consistently below the national average of fourteen. This could indicate a more personalized educational experience, which might attract families relocating to the area. For investors and real estate agents, these favorable ratios suggest stronger community and school support systems, possibly raising property appeal. Appraisers and insurance agents might view... Read more
Student-to-teacher ratio in Cottle County, Texas over the last 10 years
Over the past decade, Cottle County, Texas has experienced student-to-teacher ratios fluctuating between eight and ten students per teacher, consistently below the national average of fourteen students per teacher. This suggests a more personalized educational experience, which may be a critical factor for families considering relocating to this area. For investors and real estate agents, such favorable student-to-teacher ratios could signify stronger community and school support systems, potentially raising property appeal. Appraisers and insurance agents might find these trends indicative of stable community engagement, as quality education often correlates with other positive socioeconomic factors.
