Deaf Smith County Real Estate and Livability Trends
Deaf Smith County, Texas, has shown significant economic growth, with average taxable income per tax return rising from $32,498.62 in 2013 to $54,841.73 by 2021, which could indicate a more prosperous community. Despite this, the median home value at $107,500 in 2022 remains attractive for value-conscious buyers, lagging behind state and national medians. Additionally, rising real estate taxes... Read more
Deaf Smith County Market Trends
In Deaf Smith County, Texas, the median home value reached $107,500 in 2022, inching upwards over the last eight years but still trailing behind the state and national medians. This positioning might attract value-conscious buyers seeking affordable options in Texas. Residential energy tax credits hit a peak of $1,200.00 in 2018, indicating increasing incentives for energy-efficient improvements,... Read more
Median Value of Occupied Housing Units in Deaf Smith County, Texas Over the Last 8 Years
Over the last eight years, Deaf Smith County in Texas has experienced a fluctuating but generally upward trend in median home values, culminating at $107,500 in 2022. This rise is relatively modest compared to the state's growth where median values jumped to $238,000, and even more so when compared to national figures reaching $179,400. This suggests that while Deaf Smith County remains an affordable option, it might not yet be reflecting the broader market accelerations seen at both the state and national levels. This potentially makes it an attractive area for value-conscious investors and homebuyers looking at more budget-friendly options in Texas.
Residential Energy Tax Credit Per Tax Return in Deaf Smith County, TX Over the Last 9 Years
Over the past nine years, Deaf Smith County, Texas has seen fluctuations in residential energy tax credits per tax return. The average credit hovered around $266.67 in 2013 before peaking at $1,200.00 in 2018, demonstrating a potential trend towards increased incentives for energy-efficient home improvements. Although there was a noticeable dip to $525.00 in 2019, the following years maintained higher averages, suggesting ongoing support for residential energy savings. This trend could interest real estate investors, appraisers, and builders looking to capitalize on energy-efficient property development, as well as homeowners aiming to reduce energy costs and potentially increase property value.
Average Real Estate Taxes Per Tax Return in Deaf Smith County, TX Over the Last 10 Years
Over the past decade, Deaf Smith County in Texas has seen a steady increase in average real estate taxes per tax return. From $3,134.48 in 2012 to $4,860.00 in 2021, there's been a noticeable uptick, especially pronounced from 2018 onward, where a significant jump to $4,206.67 set off a continued rise. This upward trend may be of interest to potential investors, homeowners, and real estate professionals, suggesting rising property values and potentially improving local services or infrastructure. However, it could also indicate increasing tax burdens, a factor for budget-conscious homebuyers and builders to consider.
Percentage of Farm Returns in Deaf Smith County, TX Over the Last 10 Years
Deaf Smith County, Texas has seen slight fluctuations in the percentage of farm tax returns over the past decade, ranging from 5.2% to around 6.0%. These tax returns, which represent the proportion of total income derived from farming activities, indicate a relatively stable agricultural presence but with some subtle growth peaks. For those considering investing in agricultural property or involved in agribusiness, this trend might suggest ongoing opportunities, albeit marginal, within the county's farming sector.
Number of Mortgages by Occupancy Type in Deaf Smith County, TX Over the Last 5 Years in Deaf Smith County
In Deaf Smith County, Texas, the number of mortgages for principal residences surged significantly, peaking at 658 in 2021, indicating a robust demand for homes likely driven by favorable market conditions or demographic trends. Meanwhile, investment properties and second residences have maintained consistently lower mortgage counts, suggesting a less attractive market for non-primary homes. These shifts are critical for investors evaluating rental market potential, appraisers assessing property values, and insurance agents considering occupancy-related risks. Real estate agents and developers might find the increasing demand for principal residences a cue to prioritize new housing projects.
Economic Outlook
Deaf Smith County, Texas has shown significant growth in average taxable income per tax return, rising from $32,498.62 in 2013 to $54,841.73 by 2021, which could signal increasing economic prosperity. However, fluctuations like the dip in 2016 imply the need for cautious optimism. Simultaneously, average state and local income taxes jumped from $2,233.33 in 2016 to $4,500.00 in 2017, indicating heightened economic activity or policy shifts. Additionally, average total tax liabilities have... Read more
Average Taxable Income per Tax Return in Deaf Smith County, TX over the last 9 years
Deaf Smith County, Texas has seen a considerable upward trend in average taxable income per tax return over the past nine years. From $32,498.62 in 2013, there have been notable increases each year, with a significant jump to $54,841.73 by 2021. This trend could indicate rising economic prosperity in the area, making it potentially attractive for investors, real estate ventures, and anyone considering relocating. However, fluctuations, such as the dip in 2016, suggest a need for cautious optimism and thorough market analysis.
Average State and Local Income Taxes Per Tax Return in Deaf Smith County, TX Over the Last 2 Years
Over the last two years, Deaf Smith County, Texas has seen a notable increase in average state and local income taxes per tax return, jumping from $2,233.33 in 2016 to $4,500.00 in 2017. This upward trend may suggest heightened economic activity or shifts in tax policy, both of which could impact property values and the overall cost of living. Real estate agents, prospective investors, and insurance agents should account for these changes when assessing the market and determining potential returns on property investments.
Average Total Tax Liability Per Tax Return in Deaf Smith County, TX Over the Last 10 Years
Over the past decade, Deaf Smith County, Texas has experienced fluctuating average total tax liabilities per tax return, reaching a low of approximately $5,800.43 in 2013 and peaking at around $8,324.34 in 2021. These variations might be influenced by changes in local economic conditions, policy shifts, or demographic trends, making it a compelling consideration for investors, appraisers, insurance agents, and potential residents. Notably, the sharp increase from 2020 to 2021 could reflect economic recovery patterns, changes in taxable income, or legislative impacts that are significant for stakeholders analyzing the region’s financial landscape.
Cost of Living in Deaf Smith County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,160 | $1,440 | $1,948 | $1,242 | $872 |
| 1 adult 4 children | $1,160 | $1,176 | $1,491 | $1,242 | $960 |
| 2 adults 3 children | $1,160 | $1,176 | $1,689 | $1,242 | $695 |
| 1 adult 3 children | $1,160 | $960 | $1,232 | $1,242 | $721 |
| 2 adults 2 children | $951 | $963 | $1,431 | $1,084 | $618 |
| 1 adult 2 children | $951 | $719 | $974 | $1,084 | $565 |
| 2 adults 1 child | $951 | $761 | $1,173 | $572 | $604 |
| 1 adult 1 child | $951 | $492 | $715 | $572 | $500 |
| 2 adults | $722 | $611 | $914 | $0 | $517 |
| 1 adult | $718 | $333 | $457 | $0 | $460 |
Safety trends & Data
Deaf Smith County, Texas has seen a significant decline in property crime from 2018 to 2022, which could indicate enhanced public safety measures. Larceny-theft incidents dropped from 23 in 2018 to just 4 in 2022. Burglary also decreased sharply, peaking at 14 in 2021 and dropping to only 1 by 2022. Vandalism, which spiked to 8 incidents in 2020, fell to just 2 by 2022. With motor vehicle thefts and arson staying consistently low, these trends might make the area more appealing for potential... Read more
Property Crime Trends in Deaf Smith County, TX Over the Last 5 Years
The property crime trends in Deaf Smith County, Texas from 2018 to 2022 show interesting fluctuations. In 2018, larceny-theft was a noticeable concern with 23 incidents and steadily decreased to just 4 incidents by 2022. Burglary saw a peak in 2021 with 14 incidents but drastically dropped to only 1 in 2022. Similarly, vandalism incidents spiked in 2020 with 8 occurrences but fell to just 2 by 2022. Motor vehicle thefts and arson remained relatively low, with minor variations each year. This data could suggest improvement in public safety measures over time, which might be valuable information for real estate agents, appraisers, and those looking to invest or move to the area.
Demographics
Deaf Smith County, Texas presents intriguing demographic dynamics. Males and females are almost evenly distributed, though females slightly outnumber males. Educational attainment shows a significant portion with a high school diploma or less, pointing to potential areas for educational improvement and workforce development. The age distribution highlights a younger population under 10 years, possibly indicating a demand for more educational and family services. The racial composition reveals a... Read more
Race Distribution in Deaf Smith County, Texas (2022)
Educational Attainment in Deaf Smith County, Texas (2022)
Age Distribution in Deaf Smith County, Texas
Citizen Population in Deaf Smith County, Texas (2022)
Political Trends & Data
Deaf Smith County, Texas, showed a pronounced Republican preference in the 2020 U.S. Presidential Election, with the party securing about 71% of the vote. In contrast, Democrats received just over 27%, highlighting a potential challenge for non-Republican candidates to gain traction in the area. Libertarians and the Green party had minimal impact, each capturing less than 1% of the votes, hinting at a lesser inclination towards smaller parties. This Republican dominance could be indicative of... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Deaf Smith County, Texas exhibited a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, capturing around 71% of the vote. Democrats may have found limited support with just over 27%, while Libertarians and the Green party garnered minimal attention with less than 1% each. This strong Republican preference might reflect broader regional political tendencies, though it's essential to consider various social and economic factors that could influence these outcomes.
71.45% of voters voted for the Republican party in the 2020 Presidential Election
27.42% of voters voted for the Democrat party in the 2020 Presidential Election
0.76% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Green party in the 2020 Presidential Election
School Data
Deaf Smith County, Texas has seen a notable rise in student-to-teacher ratios in recent years, surpassing the national average of 14 students per teacher in 2022 and climbing to about 15 in 2023. This shift could suggest increasing classroom sizes and potential pressure on educational resources, key factors for investors, prospective residents, and educational professionals assessing the area's infrastructure. Real estate agents might leverage these figures to provide insights into the local... Read more
Student-to-teacher ratio in Deaf Smith County, Texas over the last 10 years
Deaf Smith County, Texas shows fluctuating student-to-teacher ratios over the past decade, generally below the national average of 14 students per teacher until 2022, when it exceeded the average and continued to rise in 2023 to about 15. This uptick could hint at increased classroom sizes and possibly more strain on educational resources, which might be significant for potential investors, new residents, and educational professionals considering the area's educational infrastructure. Appraisers and insurance agents may also find this trend telling, as educational quality can affect property values and associated risks. Real estate agents might highlight these figures to paint a clearer picture of the local schooling environment to prospective homebuyers.
