El Paso County Real Estate and Livability Trends
In El Paso County, Texas, the average taxable income per tax return has risen from $39,901.24 in 2013 to $52,924.53 in 2021, suggesting a strengthening local economy that could pique investor interest. Home values have climbed from $126,500 in 2020 to $153,600 in 2022, indicating increased housing demand. Taxes have nearly doubled, reaching $7,816.53 in 2021, hinting at rising property values and... Read more
El Paso County Market Trends
El Paso County, Texas has seen its median home values rise from $126,500 in 2020 to $153,600 in 2022, hinting at a strengthening local economy and increased housing demand. Residential energy tax credits peaked at $3280.05 in 2018 and stabilized around $2782.42 by 2021, pointing to a growing interest in energy-efficient home improvements. Real estate taxes have nearly doubled over the last... Read more
Median Value of Occupied Housing Units in El Paso County, Texas Over the Last 8 Years
El Paso County, Texas has shown a steady increase in median home values over the last eight years, with a significant jump from $126,500 in 2020 to $153,600 in 2022. While still below the state median of $238,000 and the national median of $179,400 for 2022, this growth suggests a promising trajectory for potential homeowners and investors. The escalating prices could indicate a strengthening local economy and increasing demand for housing in the area.
Residential Energy Tax Credit Per Tax Return in El Paso County, TX Over the Last 9 Years
Over the past nine years, El Paso County, Texas has seen a notable increase in average residential energy tax credits per tax return, peaking at $3280.05 in 2018 before stabilizing around $2782.42 by 2021. This suggests a growing local commitment to energy-efficient home improvements, making properties potentially more attractive to eco-conscious buyers and investors. This trend could be a green flag for real estate professionals and insurers to consider the increasing adoption of sustainable technologies when assessing property values and premiums.
Average Real Estate Taxes Per Tax Return in El Paso County, TX Over the Last 10 Years
The real estate taxes per tax return in El Paso County, Texas have shown a clear upward trend over the last 10 years, with an increase from $4,560.46 in 2012 to $7,816.53 in 2021. The sharpest jumps occurred between 2017 and 2018, and 2019 and 2020, which may suggest changes in property values or tax rates. This could be a crucial consideration for those interested in investing in property, as it potentially indicates rising property values. Higher taxes could also influence the cost of living, impacting decisions for those looking to move to the area or build property there.
Percentage of Farm Returns in El Paso County, TX Over the Last 10 Years
The trend in the percentage of farm tax returns in El Paso County, Texas over the last 10 years shows a generally declining pattern, starting from approximately 0.18% in 2012 and dropping to roughly 0.15% in 2021. Farm tax returns represent the share of tax filings related to agricultural activities within the county, and this downward trend might suggest a decrease in farming operations or shifts towards other forms of land use. For investors and those interested in the local real estate market, this could indicate opportunities for development as agricultural land may be transitioning to alternative uses. Potential buyers should be aware of these shifts as they could influence property values and availability.
Number of Mortgages by Occupancy Type in El Paso County, TX Over the Last 5 Years in El Paso County
Over the past five years in El Paso County, Texas, trends in mortgage data indicate a significant focus on principal residences compared to investment and second residences. For instance, 2021 saw 41,088 mortgages for principal residences versus 2,650 for investment properties. This shifting landscape suggests the area's predominately family-centric appeal and could influence investment strategies and property development plans. For appraisers and insurance agents, understanding the dominance of principal residences informs risk assessments and valuations. Real estate agents might see more stable market demands given the higher homeownership rates, while those considering building property might prioritize residential over investment-based designs.
Economic Outlook
In El Paso County, Texas, the average taxable income per tax return has generally increased over the past nine years, starting at $39,901.24 in 2013 and peaking at $52,924.53 in 2021. This upward trend could signal a strengthening local economy that might interest investors and real estate professionals. Meanwhile, state and local income taxes have nearly doubled from $4,257.48 in 2012 to around $7,968.78 in 2021, with sharp increases evident post-2017. Rising tax liabilities, which hit... Read more
Average Taxable Income per Tax Return in El Paso County, TX over the last 9 years
Over the past nine years, the average taxable income per tax return in El Paso County, Texas has generally shown an upward trend, starting at $39,901.24 in 2013 and peaking at $52,924.53 in 2021. Notable jumps occurred between 2017 and 2018, and a significant increase was seen in 2021. These increases could suggest a strengthening local economy or rising income levels, presenting potential opportunities for investors and real estate professionals considering El Paso County. Higher incomes might correlate to stronger property values and could be a factor in risk assessments for appraisers and insurance agents.
Average State and Local Income Taxes Per Tax Return in El Paso County, TX Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in El Paso County, Texas have shown a significant upward trend, with figures essentially doubling from 2012 to 2021. For instance, taxpayers in 2012 paid approximately $4,257.48, whereas by 2021, this amount had surged to around $7,968.78. The most notable increases occurred post-2017, with a sharp rise starting in 2018 and continuing through 2021. This growth in income taxes could reflect various economic factors, such as rising incomes, property values, or changes in local and state tax policies, making it critical for investors, property developers, and residents to factor in these potential financial considerations.
Average Total Tax Liability Per Tax Return in El Paso County, TX Over the Last 10 Years
Over the past decade, average total tax liability per tax return in El Paso County, Texas appears to have generally increased. Notable jumps can be seen between 2017 and 2018, and a significant rise in 2021, where liabilities reached $7,883.46. This trend could suggest growing income levels or shifts in tax policies, impacting those considering investment or property-related ventures in the area. Appraisers and insurance agents may find these insights particularly relevant as they reflect potentially higher economic activity and property value changes.
Cost of Living in El Paso County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,361 | $1,331 | $1,662 | $1,285 | $784 |
| 1 adult 4 children | $1,361 | $1,087 | $1,269 | $1,285 | $871 |
| 2 adults 3 children | $1,361 | $1,087 | $1,443 | $1,285 | $629 |
| 1 adult 3 children | $1,361 | $888 | $1,050 | $1,285 | $661 |
| 2 adults 2 children | $977 | $890 | $1,224 | $1,124 | $530 |
| 1 adult 2 children | $977 | $665 | $831 | $1,124 | $476 |
| 2 adults 1 child | $977 | $704 | $1,005 | $603 | $530 |
| 1 adult 1 child | $977 | $454 | $612 | $603 | $447 |
| 2 adults | $824 | $565 | $786 | $0 | $477 |
| 1 adult | $672 | $308 | $393 | $0 | $402 |
Safety trends & Data
Over the last five years, El Paso County, Texas, has seen fluctuating property crime trends. While burglary and larceny-thefts have generally declined, motor vehicle theft and arson rates have noticeably increased. Embezzlement and forgery display cyclical patterns, and fraud and vandalism show some stability despite minor ups and downs. These trends could be crucial for potential investors, residents, appraisers, and real estate agents assessing the county's long-term safety and economic... Read more
Property Crime Trends in El Paso County, TX Over the Last 5 Years
Over the last five years, El Paso County, Texas, has seen fluctuating trends in property crimes. While incidents of burglary and larceny-thefts have generally declined, motor vehicle theft and arson rates have shown a noticeable increase. Instances of embezzlement and forgery also display cyclical fluctuations, reflecting varied susceptibility to white-collar crime. Interestingly, fraud and vandalism show some stability despite minor ups and downs, mirroring localized economic and social conditions. These insights could be crucial for potential investors, residents, appraisers, and real estate agents keen on assessing the county's long-term safety and economic viability.
Demographics
El Paso County, Texas, shows a balanced adult gender split, but what stands out is the significant young population, with a large percentage under 34 years. Educational attainment indicates that a notable portion of residents have some college experience, yet fewer have achieved higher degrees like a Bachelor's or Graduate degree. Age-wise, there's a prominent number of kids under 10, signaling potential long-term growth. Lastly, the county reflects a majority White population with a... Read more
Race Distribution in El Paso County, Texas (2022)
Educational Attainment in El Paso County, Texas (2022)
Age Distribution in El Paso County, Texas
Citizen Population in El Paso County, Texas (2022)
Political Trends & Data
El Paso County, Texas, shows a notable preference for the Democratic Party, attracting approximately 67% of the vote in the 2020 presidential election, while the Republican Party managed around 32%. This political leaning might subtly impact real estate trends, possibly drawing in homebuyers who align with progressive values and policies. The county's limited third-party voter base, roughly 2%, suggests a relatively stable but polarized political landscape, potentially influencing community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
El Paso County, Texas, leans heavily Democratic with approximately 67% of votes cast for the Democratic Party in the 2020 presidential election. The Republican Party garnered about 32% of the vote, a significant, but clearly trailing, percentage. Third-party voters make up only a small fraction of the electorate, with Libertarian and Green Party candidates collectively receiving around 2%.
31.62% of voters voted for the Republican party in the 2020 Presidential Election
66.78% of voters voted for the Democrat party in the 2020 Presidential Election
1.03% of voters voted for the Livertarian party in the 2020 Presidential Election
0.54% of voters voted for the Green party in the 2020 Presidential Election
0.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
El Paso County, Texas, has consistently seen a student-to-teacher ratio around 15 students per teacher over the past decade. This is slightly above the national average and could be a key consideration for investors and homebuyers. Larger class sizes might suggest less individualized attention in schools, potentially impacting property values and demand for family-friendly housing. Real estate professionals and appraisers can leverage this data to better understand local schooling standards and... Read more
Student-to-teacher ratio in El Paso County, Texas over the last 10 years
Over the last decade, the student-to-teacher ratio in El Paso County, Texas has fluctuated slightly but generally hovered around 15 students per teacher, peaking at 15.74 and dropping to a low of 14.77. This makes the area slightly above the US national average of 14 students per teacher. For investors or those looking to move, this information could be crucial; areas with higher student-to-teacher ratios may indicate larger class sizes, which some residents might associate with less individual attention for students. Real estate agents and appraisers might find these figures useful in understanding local schooling standards, which can influence property values and appeal. Builders and insurance agents could use this data to gauge demand for family-friendly housing and services.
