Dimmit County Real Estate and Livability Trends
Dimmit County, Texas has shown significant variability in both average taxable income and median home values over recent years. For investors, this economic instability means potential bargains but also risks, as home values fluctuated from a low of $57,700 in 2021 to $75,900 in 2022. Notably, the area has seen a rise in residential energy tax credits, hinting at a growing interest in... Read more
Dimmit County Market Trends
Dimmit County, Texas has seen fluctuations in median home values, hitting a low of $57,700 in 2021 and rebounding to $75,900 in 2022. Compared to the consistent national and state-level growth, the county offers a volatile yet affordable market for investors and residents. Residential energy tax credits have risen significantly, indicating growing interest in energy-efficient home improvements.... Read more
Median Value of Occupied Housing Units in Dimmit County, Texas Over the Last 8 Years
Dimmit County, Texas has experienced fluctuations in median home values over the past eight years. While the county saw a low of $57,700 in 2021, recent data shows a rebound to $75,900 in 2022. Compared to the broader national trend, where values have continuously increased from $125,500 in 2015 to $179,400 in 2022, Dimmit County's market appears to be more volatile. On the state level, Texas has seen steady growth from $136,000 in 2015 to $238,000 in 2022, suggesting that Dimmit County may offer a more affordable yet unstable alternative for potential investors and residents.
Residential Energy Tax Credit Per Tax Return in Dimmit County, TX Over the Last 9 Years
Residential energy tax credits in Dimmit County, Texas have shown a clear upward trend over the past nine years. Starting at around $433.33 in 2013, the average tax credit per return has generally increased, peaking at $1,433.33 in 2020 before a slight dip to $1,366.67 in 2021. This growth suggests a rising investment in energy-efficient home improvements, likely making the county more appealing for new homeowners interested in cost-saving green technologies. Investors and real estate agents could interpret this as a signal of increasing property value and a growing market for energy-efficient homes. Appraisers and insurance agents might also see implications for valuation and risk assessment, respectively.
Average Real Estate Taxes Per Tax Return in Dimmit County, TX Over the Last 10 Years
Over the past decade in Dimmit County, Texas, average real estate taxes per tax return have shown a notable upward trend. Starting at roughly $1,997.06 in 2012, there was a gradual increase, peaking at around $4,820.00 in 2020. Despite some fluctuations, particularly with a dip to approximately $3,833.33 by 2021, the overall incline suggests rising property values and possibly growing economic activity in the area. This could be crucial for investors and real estate agents, signaling potential growth and higher demand for properties. Additionally, appraisers and insurance agents might find these trends indicative of changing market dynamics and risk assessments.
Percentage of Farm Returns in Dimmit County, TX Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Dimmit County, Texas has shown some fluctuations, hovering between approximately 3.71% and 4.68%. In 2015, there was a notable increase, reaching around 4.45%, and peaking in 2017 at about 4.68%. The percentage saw a dip to roughly 3.71% in 2020 before climbing back to about 4.11% in 2021. Farm tax returns, which reflect the income generated from farming activities and the taxes paid on that income, provide indicators of agricultural productivity and economic health. For those interested in investing, moving to, or developing property in Dimmit County, understanding these trends can offer insights into the potential profitability and viability of agricultural ventures in the region.
Number of Mortgages by Occupancy Type in Dimmit County, TX Over the Last 5 Years in Dimmit County
Mortgage data in Dimmit County, Texas, indicates a clear dominance of principal residence mortgages over the past five years, with peaks around 2022. Investment properties show variable interest, peaking in 2020 and then declining, while second residences remain consistently low, which may signal limited appetite for vacation homes. Changes in occupancy types matter as they can influence local property prices and rental markets, affecting return on investment for investors, risk assessments for insurers, and demand forecasts for builders and real estate agents. For appraisers, understanding these trends is essential for accurate valuation based on current market dynamics.
Economic Outlook
Dimmit County, Texas has experienced fluctuations in average taxable income, ranging from $42,440.66 to $54,506.04 over the past nine years, with a noticeable dip in 2016. The average total tax liability per tax return also saw significant peaks and troughs, notably reaching $12,204.05 in 2014 and dipping to $7,134.09 by 2016. These trends indicate a somewhat unstable local economy, which could be crucial for investors, real estate agents, and insurance agents to consider when assessing... Read more
Average Taxable Income per Tax Return in Dimmit County, TX over the last 9 years
Dimmit County, Texas has seen fluctuations in average taxable income per tax return over the past nine years, often hovering between $42,440.66 and $54,506.04. While there was a notable dip in 2016 to $42,440.66 followed by recovery in subsequent years, the income levels have generally shown resilience. This volatility could be relevant for investors, real estate agents, and insurance agents as it suggests a somewhat unstable economic environment. Those looking to build or appraise property might find these trends indicative of fluctuating local economic conditions, impacting property values and potential returns on investment.
Average Total Tax Liability Per Tax Return in Dimmit County, TX Over the Last 10 Years
Dimmit County, Texas has witnessed varied fluctuations in average total tax liability per tax return over the last decade, with a significant peak at $12,204.05 in 2014 and a notable dip to $7,134.09 by 2016. There's modest recovery visible in 2018 with a figure around $11,568.40, although this dropped to $7,807.57 by 2020 before slightly increasing again to $9,000. This volatility may influence decisions for investors, potential movers, and real estate professionals, indicating a dynamic financial environment that may affect property values and investment returns.
Cost of Living in Dimmit County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,098 | $1,934 | $996 | $682 |
| 1 adult 4 children | $1,174 | $897 | $1,480 | $996 | $740 |
| 2 adults 3 children | $1,174 | $897 | $1,677 | $996 | $546 |
| 1 adult 3 children | $1,174 | $732 | $1,223 | $996 | $525 |
| 2 adults 2 children | $826 | $734 | $1,421 | $869 | $465 |
| 1 adult 2 children | $826 | $548 | $967 | $869 | $395 |
| 2 adults 1 child | $826 | $580 | $1,164 | $455 | $486 |
| 1 adult 1 child | $826 | $375 | $710 | $455 | $400 |
| 2 adults | $651 | $466 | $908 | $0 | $453 |
| 1 adult | $623 | $254 | $454 | $0 | $403 |
Safety trends & Data
Dimmit County, Texas, has exhibited diverse property crime trends over the past three years. Burglary incidents saw a slight rise from 6 in 2018 to 8 in both 2019 and 2020. Larceny-theft spiked at 29 cases in 2018 but reduced to 21 in 2019 and dropped further to 15 in 2020. Motor vehicle theft and vandalism incidents showed minimal changes, staying relatively low. An uncommon occurrence in 2020 was a single arson case, the only one reported during the period. This data could be particularly... Read more
Property Crime Trends in Dimmit County, TX Over the Last 3 Years
Dimmit County, Texas, has seen some noteworthy fluctuations in property crime rates over the past three years. Burglary incidents slightly increased from 6 in 2018 to 8 each in 2019 and 2020. Larceny-theft, the most prevalent type of property crime, spiked at 29 cases in 2018 but decreased to 21 in 2019 and further down to 15 by 2020. Motor vehicle theft and vandalism incidents remained relatively low, with minor variations. A unique occurrence in 2020 was an arson case, the only one reported over the period. Potential investors, property developers, and insurance agents should consider these trends when assessing risks and opportunities in the area.
Demographics
Dimmit County, Texas, shows a roughly balanced gender ratio with a slight edge towards females in its adult population. Educational attainment is varied, with the largest segment being high school graduates, while a smaller number have achieved higher education degrees. The age distribution indicates a younger population overall but also includes a notable percentage of individuals over 65. The racial composition is predominantly White, with small but present representation from other racial... Read more
Race Distribution in Dimmit County, Texas (2022)
Educational Attainment in Dimmit County, Texas (2022)
Age Distribution in Dimmit County, Texas
Citizen Population in Dimmit County, Texas (2022)
Political Trends & Data
In Dimmit County, Texas, the 2020 U.S. Presidential Election saw Democrats potentially showcasing a strong voter presence, though Republicans still captured a notable portion of the electorate. Minor parties, like the Libertarian and Green parties, made only a marginal impact, indicating a limited but varied political landscape in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dimmit County, Texas, Democrats seem to have garnered a significant percentage of the votes in the 2020 U.S. Presidential Election, with their share possibly suggesting a strong presence. Republicans, while trailing behind, still managed to capture a notable portion of the electorate. Minor parties like the Libertarian and Green parties made only a marginal impact, hinting at a limited but diverse political landscape in the county.
37.75% of voters voted for the Republican party in the 2020 Presidential Election
61.76% of voters voted for the Democrat party in the 2020 Presidential Election
0.27% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Dimmit County, Texas, has decreased from 17 in 2014 to 13 in 2023, suggesting smaller class sizes and potentially higher education quality compared to the national average of 14. Families might find this appealing, which could boost demand for housing in the area. For real estate professionals, this trend may be useful for predicting property value changes and assessing market... Read more
Student-to-teacher ratio in Dimmit County, Texas over the last 10 years
The student-to-teacher ratio in Dimmit County, Texas, has shown a general decrease over the past ten years, dropping from 17 in 2014 to 13 in 2023. This trend suggests increasingly smaller class sizes, which likely indicates enhanced individual attention for students compared to the national average of 14 students per teacher. Such changes may appeal to families prioritizing education quality when considering relocation. For real estate agents, appraisers, and investors, lower ratios could signify a rising demand for housing in areas with reputable schools. Similarly, builders and insurance agents might find trends in decreasing ratios useful for predicting property value fluctuations and risk assessments.
