Crane County Real Estate and Livability Trends
Crane County, Texas has experienced significant fluctuations in average taxable income and tax liabilities per return over the last nine years, peaking at $67,931.90 in 2019 and dropping to $54,198.46 in 2016. The local real estate market seems to reflect these economic cycles, with home values appreciating from $75,900 in 2015 to $117,000 in 2022 but still trailing behind Texas's statewide... Read more
Crane County Market Trends
Crane County, Texas, has seen consistent home value appreciation, growing from $75,900 in 2015 to $117,000 in 2022, though still trailing Texas's statewide median. Residential energy tax credits have skyrocketed, peaking at $3,400 in recent years, indicating a notable shift towards energy-efficient investments. Real estate taxes have fluctuated, reflecting economic dynamics, with a steep rise to... Read more
Median Value of Occupied Housing Units in Crane County, Texas Over the Last 8 Years
In Crane County, Texas, median home values have experienced steady growth over the last eight years, moving from $75,900 in 2015 to $117,000 in 2022. This trajectory is impressive but still significantly lower compared to Texas's statewide median values which surged from $136,000 to $238,000 during the same period. Nationally, the median home value also saw a marked rise from $125,500 in 2015 to $179,400 in 2022. For potential investors or residents, Crane County offers a relatively affordable entry point with continuous appreciation potential against broader trends.
Residential Energy Tax Credit Per Tax Return in Crane County, TX Over the Last 9 Years
Over the past nine years, Crane County, Texas has seen a significant increase in the average residential energy tax credit per tax return. Starting at $200.00 in 2013, the value climbed to $500.00 in 2014 and continued its upward trajectory, peaking at $3,400.00 in both 2020 and 2021. This trend suggests a growing emphasis on energy-efficient investments, which could appeal to environmentally conscious investors and residents. Appraisers and real estate agents might find this noteworthy as energy efficiency could be a selling point, while insurance agents might consider energy upgrades in their risk assessments.
Average Real Estate Taxes Per Tax Return in Crane County, TX Over the Last 10 Years
Over the last decade, Crane County, Texas has seen a notable fluctuation in average real estate taxes per tax return, starting at $1,975.00 in 2012 and peaking at $4,040.00 in 2018. This variability suggests a dynamic fiscal landscape, possibly reflective of changing property values or assessment practices. Though dipping slightly to $3,075.00 in 2020, the trend notably surged again to $4,000.00 in 2021. For investors, real estate agents, and potential homeowners, these shifts could signal underlying economic factors or growth patterns specific to Crane County. As such, staying attuned to these changes may be critical for financial planning and property investment decisions in this region.
Percentage of Farm Returns in Crane County, TX Over the Last 10 Years
Crane County, Texas has seen fluctuating farm tax returns over the past decade, with a slight increase in 2013 peaking at approximately 2.42% but generally exhibiting a downward trend toward 2021 at roughly 1.56%. Farm tax returns are crucial indicators of agricultural activity levels and economic health in a rural area, impacting local investment and property values. This data suggests potential concerns for those looking to invest in agriculture or land development in Crane County, as the declining farm returns could reflect broader challenges in the local agricultural sector.
Number of Mortgages by Occupancy Type in Crane County, TX Over the Last 5 Years in Crane County
Observation of the number of mortgages in Crane County, Texas reveals that principal residences consistently dominate the market, with a notable peak in 2021 at 185 mortgages. Investment properties and second residences represent a much smaller portion, generally ranging between 1 to 5 mortgages annually. Such data suggests a stable demand for primary housing but minimal activity in secondary and investment properties. For investors, the marginal increase in the latter category could indicate limited opportunities compared to primary residence projects, which could correlate with housing stability and consistent demand. For insurers and appraisers, understanding these trends helps assess risk profiles and property values more accurately. High demand for principal residences might encourage builders to focus on family-oriented housing developments.
Economic Outlook
Crane County, Texas, has experienced a range of trends in average taxable income per tax return over the last nine years, with highs like $67,931.90 in 2019 and lows such as $54,198.46 in 2016, suggesting a fluctuating local economy likely influenced by key industries. Tax liabilities per return also showed a similar volatility, peaking at $10,006.47 in 2014 and dropping to $7,669.51 by 2021. These income and tax liability trends could be pivotal for real estate agents, appraisers, and... Read more
Average Taxable Income per Tax Return in Crane County, TX over the last 9 years
Crane County, Texas has showcased varied trends in average taxable income per tax return over the last nine years. Notable peaks include $66,016.11 in 2014 and $67,931.90 in 2019, suggesting periods of economic buoyancy possibly linked to local industries. However, dips like the $54,198.46 observed in 2016 indicate potential downturns. Those looking to invest or move into the area should consider these income fluctuations, which can reflect broader economic conditions and potentially influence property values and insurance premiums. Appraisers and real estate agents might find this volatility useful in contextualizing property valuations and market trends.
Average Total Tax Liability Per Tax Return in Crane County, TX Over the Last 10 Years
Crane County, Texas has seen fluctuating tax liabilities per return over the past decade. While the average tax liability peaked at $10,006.47 in 2014, it saw a notable decline to $7,669.51 by 2021. This pattern could suggest varying economic conditions impacting residents' taxable income. Real estate agents, potential investors, and insurance agents might find these trends useful for assessing the area's economic health and making informed decisions.
Cost of Living in Crane County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,117 | $1,291 | $1,762 | $1,310 | $802 |
| 1 adult 4 children | $1,117 | $1,054 | $1,347 | $1,310 | $875 |
| 2 adults 3 children | $1,117 | $1,055 | $1,529 | $1,310 | $627 |
| 1 adult 3 children | $1,117 | $861 | $1,114 | $1,310 | $683 |
| 2 adults 2 children | $918 | $863 | $1,296 | $1,145 | $591 |
| 1 adult 2 children | $918 | $645 | $881 | $1,145 | $553 |
| 2 adults 1 child | $918 | $682 | $1,063 | $608 | $583 |
| 1 adult 1 child | $918 | $441 | $648 | $608 | $497 |
| 2 adults | $731 | $548 | $830 | $0 | $511 |
| 1 adult | $692 | $299 | $415 | $0 | $446 |
Safety trends & Data
Crane County, Texas, has experienced fluctuating property crime trends over the last four years, from a low in 2018 to spikes in burglary and larceny-theft in 2019, followed by a significant drop in burglary incidents in 2020. Notably, stolen property incidents increased in 2021. This variability in the crime landscape might influence decisions for investors, real estate agents, and insurance agents assessing the area's... Read more
Property Crime Trends in Crane County, TX Over the Last 4 Years
Crane County, Texas has shown fluctuating property crime trends over the last four years. In 2018, incidents were relatively low with only a few cases of arson and theft. However, 2019 saw a spike in burglary and larceny-theft, with five and four incidents respectively. Although burglary incidents reduced significantly in 2020, motor vehicle theft and fraud remained stable. By 2021, a shift towards incidents involving stolen property was notable. This varying crime landscape may impact decisions for potential investors, real estate agents, and insurance agents considering the stability of this area.
Demographics
Crane County, Texas sees a slight male majority in its adult population balance. In educational attainment, about half of the populace holds at least a high school diploma, with a significant portion stopping at some college without a degree. The age distribution shows a diverse spread, but adults aged 45-54 are the largest single age group represented. Racial demographics indicate that while Whites and those identifying as some other race make up the majority, there is minimal representation... Read more
Race Distribution in Crane County, Texas (2022)
Educational Attainment in Crane County, Texas (2022)
Age Distribution in Crane County, Texas
Citizen Population in Crane County, Texas (2022)
Political Trends & Data
Crane County, Texas, might exhibit a strong Republican preference, with the 2020 U.S. Presidential Election showing that around 83% of votes went to the Republican party, compared to roughly 16% for the Democrats. Minor parties like the Libertarians and Greens seemingly had minimal impact, each getting less than 1%. Such political leanings could possibly influence the local real estate market trends, potentially driving demand for properties catering to more conservative buyers and potentially... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Crane County, Texas, the 2020 U.S. Presidential Election showed that the Republican party seemingly dominated with around 83% of the vote, whereas the Democrats garnered roughly 16%. Minor parties like the Libertarians and Greens barely made a dent, each securing less than 1%. This data might indicate a strong Republican preference in this region.
82.97% of voters voted for the Republican party in the 2020 Presidential Election
16.03% of voters voted for the Democrat party in the 2020 Presidential Election
0.67% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
0.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Crane County, Texas has seen its student-to-teacher ratio climb from an average of 12 students per teacher to closer to 14 since 2019. This shift could be relevant for investors and families considering the area, as lower ratios are linked to more individualized classroom attention and possibly better educational outcomes. Real estate agents might highlight how this aligns with the national average, making it an essential factor in property values and area... Read more
Student-to-teacher ratio in Crane County, Texas over the last 10 years
Crane County, Texas has shown a somewhat stable student-to-teacher ratio over the last decade, typically clustering around 12 students per teacher until a noticeable increase starting in 2019, where the ratio has mostly stayed closer to 14 students per teacher. This change could matter for potential investors or families moving to the area because a lower student-to-teacher ratio is often associated with more individualized attention in classrooms, which can enhance educational outcomes. Additionally, appraisers and insurance agents might want to consider these educational shifts, as they can influence property values and the attractiveness of the area. Real estate agents might emphasize these factors when advising clients, pinpointing how recent trends compare to the national average of 14 students per teacher, which Crane County now closely aligns with.
