Dallas County Real Estate and Livability Trends
Dallas County, Texas has experienced a significant rise in average taxable income and median home values, suggesting economic growth and potential investment opportunities. The median home value jumped from $132,700 in 2015 to $252,200 in 2022, outpacing local and national trends, which could affect affordability. Energy-efficient home upgrades are on the rise, as reflected by increased... Read more
Dallas County Market Trends
Median home values in Dallas County, Texas have surged from $132,700 in 2015 to $252,200 in 2022, outpacing both state and national trends. This rapid appreciation suggests attractive investment opportunities but also potential affordability challenges. Residential energy tax credits in the county have also increased, peaking at $2,239.50 in 2021, pointing to a rise in energy-efficient home... Read more
Median Value of Occupied Housing Units in Dallas County, Texas Over the Last 8 Years
Median home values in Dallas County, Texas have seen a dramatic rise over the past eight years, escalating from $132,700 in 2015 to $252,200 in 2022. This local surge outpaces the state trend, where median house values grew from $136,000 to $238,000 in the same period, and significantly eclipses the national increase from $125,500 to $179,400. This steep upward trend suggests Dallas County's property market may offer appealing investment opportunities, though prospective buyers and developers should consider the implications of such rapid appreciation for affordability and financial planning.
Residential Energy Tax Credit Per Tax Return in Dallas County, TX Over the Last 9 Years
Over the past nine years, Dallas County, Texas has seen a notable increase in the average residential energy tax credit per tax return. Starting at $437.88 in 2013, the average increased steadily, peaking at $2,239.50 in 2021. Particularly significant spikes were observed between 2016 and 2018. This upward trend indicates growing homeowner investment in energy-efficient upgrades, likely driven by heightened environmental awareness and incentive programs. These insights are crucial for investors, real estate agents, and builders focusing on sustainable development, as well as for assessors and insurance agents evaluating property values and risks.
Average Real Estate Taxes Per Tax Return in Dallas County, TX Over the Last 10 Years
Over the last decade in Dallas County, Texas, average real estate taxes per tax return have seen a consistent upward trend. Starting at approximately $6,341.20 in 2012, the number surged to around $13,687.90 by 2021. This doubling of tax contributions could indicate a significant appreciation in property values, making it crucial for potential investors or homebuyers to consider the long-term tax implications. For appraisors and insurance agents, this steady rise points to a potentially lucrative but costlier property market.
Percentage of Farm Returns in Dallas County, TX Over the Last 10 Years
The percentage of farm tax returns in Dallas County, Texas, has gradually decreased over the past decade, from around 0.40% in 2012 to about 0.31% in 2021. Farm tax returns represent the segment of tax filings related to agricultural income and expenses, serving as an indicator of the agricultural activity level within the county. For investors, builders, and residents, this trend might suggest a shift away from farming towards other forms of development or economic activity, possibly affecting land values, zoning regulations, and local market opportunities.
Number of Mortgages by Occupancy Type in Dallas County, TX Over the Last 5 Years in Dallas County
Dallas County, Texas has seen fluctuating mortgage numbers over the past five years, with a notable peak in principal residences in 2020 at roughly 125,657, followed by a sharp decline to around 77,099 in 2022. Investment properties peaked in 2021 but dropped significantly the following year. Meanwhile, second residences have consistently remained at the lower end with minor variations. Understanding these trends is key for investors, real estate agents, and appraisers as shifts in occupancy types can indicate changing economic conditions, demand for housing, and varying risk levels influencing property values and insurance considerations. For those looking to build or move, the preference for principal residences over investment or second properties may signal a stable, owner-occupied market or economic shifts impacting housing affordability and investment viability.
Economic Outlook
Dallas County, Texas has seen a notable rise in average taxable income per tax return, jumping from $64,632.20 in 2013 to $103,034.14 in 2021, which could hint at economic resurgence or growth. Alongside this, state and local income taxes have climbed significantly, reaching $52,161.03 by 2021, possibly reflecting soaring property values and economic upturn. This surge in both income and taxes may signal to investors and real estate agents a stronger market with affluent buyers and rising... Read more
Average Taxable Income per Tax Return in Dallas County, TX over the last 9 years
Over the past nine years, the average taxable income per tax return in Dallas County, Texas, has shown an overall upward trend, reaching $103,034.14 in 2021 from $64,632.20 in 2013. Notably, there was a significant increase between 2020 and 2021, suggesting a possible economic recovery or growth spurt. This trend could intrigue potential investors and real estate agents due to the increasing affluence, which might result in higher property values and stronger demand for upscale housing. Appraisers and insurance agents might also find this useful for assessing risk and property valuations in this dynamically expanding market.
Average State and Local Income Taxes Per Tax Return in Dallas County, TX Over the Last 10 Years
Over the last decade, Dallas County, Texas has experienced a significant upward trend in average state and local income taxes per tax return. A notable jump is observed between 2015 and 2021, with the value growing from approximately $22,371.43 to $52,161.03. This rise in taxes might be reflective of economic growth and increased property values in the area, potentially impacting decisions for investors, real estate agents, and those looking to move to the county. For appraisers and insurance agents, it could suggest a shift in property evaluations and risk assessments.
Average Total Tax Liability Per Tax Return in Dallas County, TX Over the Last 10 Years
Dallas County, Texas has shown a general upward trend in the average total tax liability per tax return over the last decade. The amount escalated from $15,593.53 in 2012 to $22,832.47 in 2021, highlighting increased financial obligations for residents. This ten-year growth could reflect rising income levels, changes in tax legislation, or economic developments in the area. For potential investors, property developers, and real estate agents, this trend may indicate a robust and potentially increasing affluence among the populace, coupled with higher property valuations and potential tax implications.
Cost of Living in Dallas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,878 | $1,391 | $1,722 | $1,706 | $1,145 |
| 1 adult 4 children | $1,878 | $1,136 | $1,315 | $1,706 | $1,314 |
| 2 adults 3 children | $1,878 | $1,137 | $1,495 | $1,706 | $967 |
| 1 adult 3 children | $1,878 | $928 | $1,088 | $1,706 | $1,095 |
| 2 adults 2 children | $1,490 | $931 | $1,267 | $1,485 | $777 |
| 1 adult 2 children | $1,490 | $695 | $861 | $1,485 | $806 |
| 2 adults 1 child | $1,490 | $735 | $1,040 | $767 | $729 |
| 1 adult 1 child | $1,490 | $475 | $634 | $767 | $645 |
| 2 adults | $1,262 | $591 | $813 | $0 | $612 |
| 1 adult | $1,199 | $322 | $407 | $0 | $537 |
Safety trends & Data
Over the past five years, property crimes in Dallas County, Texas display a nuanced pattern with larceny-theft historically high but declining to 3,902.00 in 2022. Burglary rates have also dropped, possibly due to local preventive measures, falling from 728.00 in 2018 to 579.00 in 2022. However, motor vehicle theft surged to 1,077.00 in 2022, indicating shifts in crime dynamics. Arson showed fluctuations, peaking at 54.00 in 2021. These trends could be pivotal for investors, appraisers, and... Read more
Property Crime Trends in Dallas County, TX Over the Last 5 Years
Over the last five years, property crimes in Dallas County, Texas, show a nuanced pattern. Larceny-theft consistently dominates with figures as high as 5,558.00 in 2019, though there's a noticeable decline to 3,902.00 by 2022. Burglary rates have gradually declined from 728.00 in 2018 to 579.00 in 2022, indicating possible effectiveness in local crime prevention strategies. Motor vehicle theft saw a significant spike reaching 1,077.00 in 2022, hinting at changing crime dynamics. Notably, arson, though less frequent, fluctuated, peaking at 54.00 in 2021. Such trends should interest investors, appraisers, and real estate agents, as the shifting crime rates likely impact property values and insurance premiums.
Demographics
Dallas County, Texas shows a roughly equal gender distribution among its adult population. Education levels vary significantly, with a notable portion having only a high school diploma or some college education. The age demographic skews younger, highlighted by a significant population under 34 years old. Racial diversity is present, with White and Black or African American groups constituting the majority, while smaller but diverse communities add to the cultural... Read more
Race Distribution in Dallas County, Texas (2022)
Educational Attainment in Dallas County, Texas (2022)
Age Distribution in Dallas County, Texas
Citizen Population in Dallas County, Texas (2022)
Political Trends & Data
In Dallas County, Texas, the 2020 U.S. Presidential Election potentially indicated a strong Democratic presence, with about 65% of the vote compared to the Republicans' approximate 33%. Libertarians and the Green Party likely had minimal impacts with around 1% and nearly 0.4% respectively. This suggests that while Texas is generally Republican-leaning, Dallas County could be an emerging Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dallas County, Texas, the 2020 U.S. Presidential Election saw Democrats potentially capturing a significant lead with about 65% of the vote, whereas Republicans might have garnered approximately 33%. Libertarians and the Green Party likely had minimal impacts, with just over 1% and nearly 0.4% respectively. The 'Other' category seemed almost negligible, making up a fraction of a percent. This trend could highlight a strong Democratic presence in an otherwise Republican-leaning state.
33.40% of voters voted for the Republican party in the 2020 Presidential Election
65.10% of voters voted for the Democrat party in the 2020 Presidential Election
1.05% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Green party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Dallas County, Texas has seen its student-to-teacher ratio peak dramatically at 43 students per teacher in 2021 before normalizing to around 15 by 2023. This stabilization near the national average of 14 might signal more manageable classroom sizes, influencing perceptions of educational quality. Investors, real estate agents, and potential residents could see this trend as promising for property values, while appraisers and insurance agents might view it as indicative of predictable school... Read more
Student-to-teacher ratio in Dallas County, Texas over the last 10 years
Dallas County, Texas has experienced significant changes in its student-to-teacher ratio over the past decade, peaking dramatically in 2021 at 43 students per teacher before returning to more typical levels around 15 by 2023. Despite fluctuations, recent years have seen the ratio linger close to the national average of 14. Investors, real estate agents, and potential residents might view stable, moderate ratios as indicators of more manageable classroom sizes and potentially better individual student attention. Appraisers and insurance agents could also see the stabilization around the national average as a sign of normalized, predictable school environments which might impact property valuations and insurance rates favorably.
