Dallam County Real Estate and Livability Trends
Dallam County, Texas has witnessed remarkable home value appreciation, jumping from $72,800 in 2015 to $113,800 in 2022, though still below state and national medians. Real estate taxes nearly doubled over the same period, likely due to rising property values or shifting tax policies. Interestingly, principal residences consistently secure more mortgages than secondary homes or investments,... Read more
Dallam County Market Trends
Dallam County, Texas, has seen a notable rise in home values, from $72,800 in 2015 to $113,800 in 2022, despite staying well below Texas ($238,000) and national ($179,400) medians. Real estate taxes nearly doubled from $2,773.91 in 2012 to $5,671.43 in 2021, pointing to rising property values or changing tax policies. The residential energy tax credits have fluctuated, peaking at $333.33 per tax... Read more
Median Value of Occupied Housing Units in Dallam County, Texas Over the Last 8 Years
Dallam County, Texas, has experienced a strong upwards trajectory in home values over the past eight years, jumping from $72,800 in 2015 to $113,800 by 2022. While this upward trend mirrors larger trends seen statewide and nationally, the county's median value remains significantly lower than both Texas and national medians, which reached $238,000 and $179,400 respectively by 2022. This disparity could present unique opportunities for those looking to invest or build in a more cost-effective market, potentially benefiting from appreciating values while facing lower entry costs.
Residential Energy Tax Credit Per Tax Return in Dallam County, TX Over the Last 4 Years
Residential energy tax credits in Dallam County, Texas, have shown some variability over the last four years. In 2013, the average credit per tax return was approximately $266.67, which saw an increase to around $333.33 in 2014. This peak was followed by a decline to about $233.33 in both 2015 and 2016. These fluctuations may suggest shifting investment levels in energy-efficient improvements or changes in state or federal incentives. For potential investors or homeowners, variations in these credits indicate evolving opportunities and challenges in capitalizing on energy-efficient initiatives.
Average Real Estate Taxes Per Tax Return in Dallam County, TX Over the Last 10 Years
Over the past decade, Dallam County, Texas, has experienced a significant increase in real estate taxes per tax return. From $2,773.91 in 2012 to $5,671.43 in 2021, the upward trend suggests rising property values or shifts in local tax policies. This pattern could be crucial for investors, developers, real estate agents, and current residents when making financial decisions or evaluating the cost of property ownership in the area.
Percentage of Farm Returns in Dallam County, TX Over the Last 10 Years
Over the last ten years, the percentage of farm tax returns in Dallam County, Texas has shown a slight downward trend, fluctuating between 7.95% in 2012 and 6.01% in 2021. Farm tax returns, representing agricultural income filings, can be indicative of the local agricultural economy's health. This declining trend might suggest that fewer farms are operating profitably or that the county's agrarian base is shrinking. For those looking to invest, move, build property, or already living in Dallam County, these figures could signal potential shifts in land use and economic focus, emphasizing the importance of closely monitoring agricultural market trends and property values in the area.
Number of Mortgages by Occupancy Type in Dallam County, TX Over the Last 5 Years in Dallam County
Over the past five years in Dallam County, Texas, the number of mortgages for principal residences has generally been significantly higher than for investment properties or second homes. Principal residences peaked in 2020 with 200 mortgages but saw a slight drop by 2022, while investment properties remained relatively stable, fluctuating only modestly. Second residences remained negligible across the years. These shifts are important for investors as a strong demand for principal residences could indicate a stable or growing local economy, while the lower, steadier numbers for investment and second properties might suggest fewer opportunities or interest in non-primary real estate. For insurers and appraisers, understanding these trends helps assess risk and property values accurately, while for real estate agents, an emphasis on primary residences might shape more tailored marketing strategies.
Economic Outlook
Dallam County, Texas has displayed intriguing economic indicators over the past decade. The average taxable income per tax return has generally risen, reaching $74,087.73 in 2021, indicating potential economic growth. Notably, there's been a decrease in the average state and local income taxes per tax return, plummeting to $7,600.00 in 2016. This trend might hint at favorable economic policies or improved financial conditions locally. Meanwhile, the total tax liability per tax return has shown... Read more
Average Taxable Income per Tax Return in Dallam County, TX over the last 9 years
Over the past nine years, Dallam County, Texas has generally seen an upward trend in its average taxable income per tax return, peaking in 2021 at around $74,087.73. Notable fluctuations include a sharp rise in 2015 to about $61,697.39, a dip in 2017 to approximately $44,222.82, and steady increases from 2018 onward. This data might suggest economic growth or shifts in the local economy, making Dallam County potentially more attractive for investors, property developers, and those considering relocation for economic opportunities.
Average State and Local Income Taxes Per Tax Return in Dallam County, TX Over the Last 2 Years
Dallam County, Texas has seen a significant dip in the average state and local income taxes per tax return over the past two years, with figures dropping from $14,550.00 in 2015 to $7,600.00 in 2016. This change might suggest shifts in economic policies or alterations in local financial conditions. For those interested in investing, moving, or assessing property in the area, this trend could potentially reflect on the broader fiscal health and attractiveness of the county.
Average Total Tax Liability Per Tax Return in Dallam County, TX Over the Last 10 Years
In Dallam County, Texas, the average total tax liability per tax return has fluctuated significantly over the past decade. A sharp jump can be seen in 2015 with a spike to $17,755.79, and another notable increase is observed in 2020 reaching $19,547.72. These peaks suggest potential economic activities or policy changes impacting taxpayers. Variability in tax liabilities might be worth noting for potential investors, real estate agents, and insurance agents looking to understand the economic pulse of the county. Such trends could reflect changes in property values, income levels, or broader economic conditions affecting the area.
Cost of Living in Dallam County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,164 | $1,255 | $1,948 | $1,242 | $833 |
| 1 adult 4 children | $1,164 | $1,025 | $1,491 | $1,242 | $928 |
| 2 adults 3 children | $1,164 | $1,025 | $1,689 | $1,242 | $670 |
| 1 adult 3 children | $1,164 | $837 | $1,232 | $1,242 | $702 |
| 2 adults 2 children | $826 | $839 | $1,431 | $1,084 | $568 |
| 1 adult 2 children | $826 | $627 | $974 | $1,084 | $515 |
| 2 adults 1 child | $826 | $663 | $1,173 | $572 | $563 |
| 1 adult 1 child | $826 | $428 | $715 | $572 | $471 |
| 2 adults | $731 | $533 | $914 | $0 | $520 |
| 1 adult | $623 | $291 | $457 | $0 | $447 |
Safety trends & Data
Dallam County, Texas has experienced fluctuating property crime trends over the past five years, with burglaries peaking at 10 incidents in 2018 and dropping to 5 in 2022. Larceny-theft incidents fell dramatically from 13 in 2018 to none reported in 2022, possibly reflecting better theft prevention or changes in reporting. Motor vehicle thefts saw an uptick from 2020 to 2021 but had no reported data for 2022. Vandalism incidents spiked in 2020 with 7 cases but nearly disappeared by 2022. These... Read more
Property Crime Trends in Dallam County, TX Over the Last 5 Years
Over the past five years, Dallam County, Texas has seen fluctuating trends in property crimes with varying degrees of severity. Burglaries notably peaked in 2018 with 10 reported incidents but have generally declined since, resting at 5 in 2022. Larceny-theft incidents have seen a significant drop from 13 in 2018 to non-reporting in 2022, indicating a potential improvement in localized theft prevention or reporting practices. Motor vehicle thefts have remained relatively stable but saw a notable increase between 2020 and 2021 before no data surfaced for 2022. Interestingly, vandalism surged in 2020 with 7 incidents but almost vanished by 2022. Such insights could influence investment decisions, insurance evaluations, and real estate advisories as they underscore the continually shifting landscape of crime in the region.
Demographics
Dallam County, Texas, has a somewhat male-dominated adult population, with a noticeable gender imbalance favoring males. The educational attainment data could imply a strong need for higher educational opportunities, as the majority of residents only hold a high school diploma or less. The age distribution reveals a youthful population, possibly affecting local education and family services. Racially, the county is predominantly White, with very minimal representation from other racial groups,... Read more
Race Distribution in Dallam County, Texas (2022)
Educational Attainment in Dallam County, Texas (2022)
Age Distribution in Dallam County, Texas
Citizen Population in Dallam County, Texas (2022)
Political Trends & Data
In Dallam County, Texas, the 2020 U.S. Presidential Election results showed a marked preference for the Republican Party, which possibly secured over 86% of the votes. The Democratic Party trailed with an estimated 12%, while support for the Libertarian and Green parties appeared minimal, around 1% and 0.3%, respectively. This likely indicates strong Republican dominance, which could shape future electoral strategies and reflect broader political tendencies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dallam County, Texas, the 2020 U.S. Presidential Election results seemingly showcased a strong leaning towards the Republican Party, with a substantial majority of votes potentially capturing over 86%. The Democratic Party may have garnered roughly 12%, while the Libertarian and Green parties might have received minimal support, hovering around 1% and 0.3% respectively. This pattern might indicate a robust Republican dominance in this county, reflecting broader political preferences and possibly impacting future electoral strategies for all parties involved.
86.33% of voters voted for the Republican party in the 2020 Presidential Election
12.24% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
School Data
Dallam County, Texas, has experienced a notable rise in its student-to-teacher ratio over the past decade, increasing from just over nine students per teacher in 2014 to slightly above fifteen by 2023. This trend highlights a growing student population without a matching increase in teaching staff, potentially impacting educational quality. With the current ratio now exceeding the national average of fourteen students per teacher, it indicates potential resource strains in local schools, which... Read more
Student-to-teacher ratio in Dallam County, Texas over the last 10 years
Over the past decade, Dallam County, Texas has seen its student-to-teacher ratio climb from just over nine students per teacher in 2014 to slightly above fifteen in 2023. This gradual increase, particularly the substantial jump between 2021 and 2023, suggests a shifting educational landscape that might influence a variety of decisions. Potential investors or new residents could interpret these numbers as indicative of a growing student body without proportionate increases in teaching staff, possibly affecting educational quality. Similarly, real estate agents might highlight these changes when discussing local school capacities with clients. For appraisers and insurance agents, this trend could hint at evolving neighborhood dynamics influencing property valuations and risk assessments. The current ratio now surpasses the national average of fourteen students per teacher, pointing to potential strains on resources in local schools.
