Eastland County Real Estate and Livability Trends
Eastland County, Texas has seen its median home values double from $60,100 in 2015 to $110,500 in 2022, potentially reflecting rising demand or outside investment. Homeowners are investing significantly in energy efficiency, with residential energy tax credits spiking from $300 in 2015 to $1,862.50 in 2021. Real estate taxes have also surged from $3,332 in 2012 to $5,583.33 in 2021. There’s a... Read more
Eastland County Market Trends
Eastland County, Texas has seen its median home values surge from $60,100 in 2015 to $110,500 in 2022, with a sharp uptick noted from 2021 to 2022. Though still more affordable than the Texas state median of $238,000 and the national median of $179,400, this growing cost may reflect increasing demand or outside investment in the area. Homeowners and developers are also committing more to energy... Read more
Median Value of Occupied Housing Units in Eastland County, Texas Over the Last 8 Years
Over the last 8 years, Eastland County, Texas has seen a significant shift in its median home values, rising from $60,100 in 2015 to $110,500 in 2022. While still more affordable than the Texas state median, which hit $238,000 in 2022, and the national median of $179,400, Eastland County's relative affordability could make it an appealing option for investors or homebuyers seeking lower-cost housing. The sharp rise, especially from 2021 to 2022, suggests increasing demand or investment interest in the area.
Residential Energy Tax Credit Per Tax Return in Eastland County, TX Over the Last 8 Years
Eastland County, Texas has seen a substantial increase in the average residential energy tax credit per tax return over the last eight years. From $300.00 in 2015, it jumped to $1,862.50 by 2021. This trend might indicate a growing investment in energy-efficient improvements, suggesting potential cost savings and a focus on sustainability for property developers and homeowners alike. The notable rise could also signal an attractive incentive for those considering moving to the area or investing in real estate.
Average Real Estate Taxes Per Tax Return in Eastland County, TX Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Eastland County, Texas have shown a notable increase, rising from $3,332.00 in 2012 to $5,583.33 in 2021. The most significant jump appears to be between 2016 and 2018, with taxes moving from approximately $3,511.94 to $5,266.67. For those considering investments or property development, this trend could imply escalating property values or changing local government policies resulting in higher tax burdens. This uptrend may also serve as a crucial factor for appraisers and insurance agents when evaluating long-term costs for homeowners in the area.
Percentage of Farm Returns in Eastland County, TX Over the Last 10 Years
Eastland County, Texas, has experienced a gradual decline in the percentage of farm tax returns over the last decade. Starting at approximately 14.21% in 2012, the percentage has steadily decreased to around 12.36% by 2021. This trend suggests a potential shift in the economic activities or demography of the region, which can be critical for investors, property developers, or residents focusing on agricultural ventures. Understanding farm tax returns—a metric reflecting the prevalence and health of farming operations—can provide insights into broader economic shifts, land use, and local agricultural viability.
Number of Mortgages by Occupancy Type in Eastland County, TX Over the Last 5 Years in Eastland County
Over the past five years in Eastland County, Texas, the majority of mortgages have consistently been for principal residences, with a notable jump in 2021. Investment property mortgages show modest year-over-year fluctuations, while second residence mortgages have remained relatively low but stable. These trends suggest a strong demand for primary living spaces, indicating growth potential for residential real estate development. Additionally, the steady rates of second residence purchases may imply a niche but steady market for vacation homes or secondary living spaces. For investors, the data points to a region with a relatively stable real estate market, offering diverse opportunities depending on the type of property involved. Appraisers and insurance agents might also find the predominance of principal residence mortgages useful when evaluating overall risk and property values in the area.
Economic Outlook
In Eastland County, Texas, average taxable income per tax return has shown significant variability over the past decade, with peaks in 2014 ($52,568.96) and 2018 ($54,715.63) potentially indicating economic growth or significant income events. Conversely, 2016 saw a notable dip to $41,846.66, suggesting financial hardships. By 2021, the average had risen to $56,027.73, possibly signaling recovery. Average state and local income taxes also fluctuated, peaking at $7,100.00 in 2021 after a low in... Read more
Average Taxable Income per Tax Return in Eastland County, TX over the last 9 years
In Eastland County, Texas, there's been noticeable fluctuation in average taxable income per tax return over the past nine years. The average spiked in 2014 and 2018, reaching peaks of $52,568.96 and $54,715.63 respectively, which could indicate economic growth or significant income events during these years. Conversely, 2016 saw a significant dip to $41,846.66, suggesting potential financial hardships or lower earnings. The overall trend shows variability, with 2021 marking a high point at $56,027.73, possibly signalling improvement or recovery. These trends offer valuable insights for investors, real estate agents, and residents by highlighting periods of economic vitality and adversity in the region.
Average State and Local Income Taxes Per Tax Return in Eastland County, TX Over the Last 7 Years
Over the last seven years, average state and local income taxes per tax return in Eastland County, Texas have generally fluctuated, peaking sharply at $7,100.00 in 2021 after a lower period in 2016 at $2,566.67. Prospective investors, property developers, and real estate professionals should consider these trends as indicative of shifting fiscal dynamics and potential future tax liabilities. This variability might also impact long-term planning for businesses and residents considering financial commitments in the area.
Average Total Tax Liability Per Tax Return in Eastland County, TX Over the Last 10 Years
Over the past decade, Eastland County, Texas has experienced noticeable fluctuations in the average total tax liability per tax return. The data reveals periods of highs such as in 2013 ($9,602.62) and lows like in 2017 ($7,521.51). Recent years show some stabilization, hovering around $8,000 to $9,000. This ebb and flow highlights potential areas of economic variability that may influence financial planning for residents and stakeholders, from appraisers and insurance agents to those involved in property development and real estate.
Cost of Living in Eastland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,082 | $1,219 | $2,155 | $1,062 | $789 |
| 1 adult 4 children | $1,082 | $995 | $1,651 | $1,062 | $854 |
| 2 adults 3 children | $1,082 | $995 | $1,869 | $1,062 | $620 |
| 1 adult 3 children | $1,082 | $813 | $1,364 | $1,062 | $618 |
| 2 adults 2 children | $826 | $815 | $1,582 | $928 | $550 |
| 1 adult 2 children | $826 | $609 | $1,078 | $928 | $479 |
| 2 adults 1 child | $826 | $644 | $1,295 | $495 | $554 |
| 1 adult 1 child | $826 | $416 | $791 | $495 | $451 |
| 2 adults | $731 | $517 | $1,009 | $0 | $519 |
| 1 adult | $552 | $282 | $504 | $0 | $414 |
Safety trends & Data
Eastland County, Texas has seen notable crime trends over the past five years, with significant declines in burglary and larceny-theft incidents from 2018 to 2022. Motor vehicle thefts also fell sharply from 10.00 to 1.00 incidents during the same period. Vandalism rates have remained stable, while forgery and counterfeiting incidents slightly decreased from 12.00 to 2.00. These reductions in certain property crimes could imply improved community safety and potentially influence property values... Read more
Property Crime Trends in Eastland County, TX Over the Last 5 Years
Eastland County, Texas has seen noticeable fluctuations in property crime over the past five years. Burglary incidents peaked at 15.00 in 2018 but have generally declined since, with 2022 seeing just 4.00 incidents. Larceny-theft also saw a high in 2018 at 13.00 and decreased to 6.00 by 2022. Motor vehicle thefts, although lower overall, mirrored this downward trend, falling from 10.00 in 2018 to 1.00 in 2022. Vandalism rates remained relatively stable, fluctuating between 2.00 and 6.00 annually. Notably, forgery and counterfeiting, one of the less frequent crimes, showed a slight decline from 12.00 incidents in 2018 to 2.00 by 2022. Investors, appraisers, and residents should consider these trends as the decline in certain property crimes may suggest enhanced community safety and potential impacts on property values.
Demographics
Eastland County, Texas, presents an adult population almost evenly split between males and females. Educational attainment is skewed towards high school graduates, with fewer holding advanced degrees. The age distribution shows a significant portion of older adults, particularly those between 55 and 64 years. Racially, the county's population is predominantly White, with much smaller percentages of African American, American Indian, and Asian... Read more
Race Distribution in Eastland County, Texas (2022)
Educational Attainment in Eastland County, Texas (2022)
Age Distribution in Eastland County, Texas
Citizen Population in Eastland County, Texas (2022)
Political Trends & Data
Eastland County, Texas, showed a strong Republican tilt in the 2020 U.S. Presidential Election, with around 87% opting for the GOP. This leaves the Democratic party with roughly 12% and minor parties just over 1% combined, pointing to a solid conservative base in the region. Such a political climate could influence local real estate trends, buyer preferences, and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Eastland County, Texas displayed a pronounced preference for the Republican party in the 2020 U.S. Presidential Election, with approximately 87% of the vote. The Democratic party, on the other hand, garnered only about 12%, while Libertarian and Green parties combined barely surpassed 1%. This substantial GOP dominance suggests a potentially entrenched conservative voter base in the area.
87.27% of voters voted for the Republican party in the 2020 Presidential Election
11.85% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Eastland County, Texas, has remained relatively stable around 10 students per teacher, lower than the national average of 14. This more intimate educational setting might be appealing to families seeking personalized instruction for their kids, making it a potential selling point for real estate agents marketing family homes. Appraisers and insurance agents could note the possible heightened demand from families valuing education quality, while investors and... Read more
Student-to-teacher ratio in Eastland County, Texas over the last 10 years
The student-to-teacher ratio in Eastland County, Texas, has hovered around 10 students per teacher over the last decade, decreasing slightly from 10.13 in 2014 to 9.41 in 2023. This consistent ratio, which is lower than the national average of 14 students per teacher, could suggest a more intimate educational environment. Such a setting might appeal to families seeking better attention and personalized instruction for their children. For real estate agents, this could be a selling point when marketing family homes, while appraisers and insurance agents might take note of potential demand from families valuing education quality. Prospective investors and developers should consider these ratios as an indicator of stable or increasing interest in residential properties in the area.
