Ellis County Real Estate and Livability Trends
Ellis County, Texas, has seen a substantial increase in median home values, almost doubling from $145,400 in 2015 to $275,800 by 2022, surpassing state and national growth rates. This rise could be indicative of a robust housing market, attracting investors and potential homeowners. Additionally, residential energy tax credits have surged, reflecting a growing emphasis on energy-efficient home... Read more
Ellis County Market Trends
Ellis County, Texas, is seeing a remarkable upward trend in median home values, soaring from $145,400 in 2015 to $275,800 in 2022, outstripping both state and national rates. Residential energy tax credits per tax return have also surged, leaping from $428.57 in 2013 to $3,208.14 by 2021, suggesting an increased focus on energy-efficient home upgrades. Additionally, real estate taxes have climbed... Read more
Median Value of Occupied Housing Units in Ellis County, Texas Over the Last 8 Years
Ellis County, Texas has experienced a steady climb in median home values over the past eight years, with figures jumping from $145,400 in 2015 to $275,800 in 2022. This growth significantly outpaces both state and national trends. For comparison, Texas saw an increase from $136,000 to $238,000 in the same period, while national values rose from $125,500 to $179,400. These insights suggest that Ellis County is becoming a more attractive and potentially lucrative area for real estate investments, possibly due to its growth prospects and local developments.
Residential Energy Tax Credit Per Tax Return in Ellis County, TX Over the Last 9 Years
Ellis County, Texas, has seen a notable rise in the average residential energy tax credit per tax return over the past nine years. Starting from $428.57 in 2013, the credit has grown significantly to $3,208.14 by 2021. This upward trend suggests increasing investments in energy-efficient home improvements and renewable energy installations. This growth could potentially attract investors, homebuyers, and developers keen on energy-saving initiatives and sustainable living, impacting property values and home insurance in the area.
Average Real Estate Taxes Per Tax Return in Ellis County, TX Over the Last 10 Years
Real estate taxes per tax return in Ellis County, Texas have shown a gradual yet notable increase over the last decade, climbing from $4,035.24 in 2012 to a significant $7,050.00 in 2021. This upward trend could suggest escalation in property values and possibly higher rates of new development in the area. For potential investors, appraisers, and real estate agents, this can signal a robust market with potentially high returns if the trend continues. For homeowners and those considering moving to Ellis County, it's crucial to factor in these rising taxes when budgeting for housing costs.
Percentage of Farm Returns in Ellis County, TX Over the Last 10 Years
Over the last decade, Ellis County, Texas has likely seen a gradual decline in the percentage of farm tax returns, dropping from 3.16% in 2012 to 2.35% in 2021. This trend could indicate a movement away from traditional farming activities, possibly due to urban development or shifts in local economic priorities. For investors, potential property builders, or anyone looking to move to Ellis County, understanding these trends may be useful in gauging the evolving landscape, which might affect future land use, real estate values, and community dynamics.
Number of Mortgages by Occupancy Type in Ellis County, TX Over the Last 5 Years in Ellis County
Ellis County, Texas has shown a consistent increase in mortgages for principal residences over the past five years, peaking at nearly 20,000 in 2021 before a slight dip in 2022. Investment property mortgages have fluctuated but generally remained under 1,000 annually. Second residences hold the lowest count, often below 130 each year. High mortgage activity for principal residences might indicate a robust housing market, appealing to homebuyers and real estate agents alike. Meanwhile, varied investment property mortgages suggest opportunities for investors but also the need for careful risk assessment. For insurers and appraisers, changes in mortgage types highlight potential shifts in market dynamics and risk profiles.
Economic Outlook
Ellis County, Texas has seen an upwards trend in average taxable income per tax return, rising from $56,088.47 in 2013 to $78,614.27 by 2021. This financial growth hints at a stronger economy which could be attractive for investors and potential homeowners. Alongside this, the average state and local income taxes have also increased, climbing from $6,082.35 in 2012 to $10,020.83 by 2020, reflecting a larger tax burden but possibly funding better public services. Additionally, the total tax... Read more
Average Taxable Income per Tax Return in Ellis County, TX over the last 9 years
Average taxable income per tax return in Ellis County, Texas has shown a general upward trend over the past nine years, starting at $56,088.47 in 2013 and reaching $78,614.27 in 2021. This growth trajectory, including notable increases in 2017 and 2021, suggests a gradually improving economic environment which may be appealing to investors and potential homeowners looking for thriving communities. For real estate agents and property developers, the increasing average income could indicate a market with greater purchasing power and potentially higher property values. Insurance agents might also see this data as indicative of a community with increasingly higher-value assets to insure.
Average State and Local Income Taxes Per Tax Return in Ellis County, TX Over the Last 10 Years
Over the last decade, Ellis County, Texas has seen a notable increase in average state and local income taxes per tax return. Starting at $6,082.35 in 2012, the amounts have fluctuated but show a general upward trend. Significant increases are evident, especially between 2018 and 2020, where the figures jumped from $7,950.00 to $10,020.83. Such trends could imply a rising tax burden on residents, potentially affecting household disposable incomes and enabling higher public service funding. Investors, appraisers, and real estate agents should note these changes as they may impact property valuations and the overall attractiveness of Ellis County.
Average Total Tax Liability Per Tax Return in Ellis County, TX Over the Last 10 Years
Over the past decade, Ellis County, Texas has seen a somewhat fluctuating yet overall upward trend in average total tax liability per tax return. Starting at $8,852.25 in 2012 and climbing to $12,185.65 by 2021, the data suggests a steady increase with a noticeable jump in 2017 to $11,156.16. This information could be particularly relevant to potential investors and real estate agents, indicating a growing economy or increasing property values in the region. For insurance agents and appraisers, the rising tax liabilities might imply changes in risk assessments and property appraisals, respectively.
Cost of Living in Ellis County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,812 | $1,291 | $1,722 | $1,754 | $1,203 |
| 1 adult 4 children | $1,812 | $1,054 | $1,315 | $1,754 | $1,387 |
| 2 adults 3 children | $1,812 | $1,055 | $1,495 | $1,754 | $1,019 |
| 1 adult 3 children | $1,812 | $861 | $1,088 | $1,754 | $1,166 |
| 2 adults 2 children | $1,438 | $863 | $1,267 | $1,526 | $825 |
| 1 adult 2 children | $1,438 | $645 | $861 | $1,526 | $879 |
| 2 adults 1 child | $1,438 | $682 | $1,040 | $786 | $763 |
| 1 adult 1 child | $1,438 | $441 | $634 | $786 | $695 |
| 2 adults | $1,218 | $548 | $813 | $0 | $641 |
| 1 adult | $1,157 | $299 | $407 | $0 | $561 |
Safety trends & Data
Ellis County, Texas, has experienced a significant decline in burglary rates, dropping from 43.00 in 2018 to 11.00 in 2022, a positive signal for homeowners and the real estate market. However, larceny-theft incidents have remained relatively high, consistently around 190.00. Notably, cases of fraud and vandalism have increased, with each recording 35.00 incidents in 2022, up from 28.00 and 25.00 respectively in 2018. These trends provide valuable insights for investors and insurance agents... Read more
Property Crime Trends in Ellis County, TX Over the Last 5 Years
Ellis County, Texas, has seen a notable shift in property crime trends over the last five years. Incidents of burglary have significantly decreased from 43.0 in 2018 to just 11.0 in 2022, indicating a positive trend for homeowners and the real estate market. Conversely, instances of larceny-theft have remained relatively high, consistently hovering around the 190.0 mark. Strikingly, cases of fraud and vandalism have seen upticks, with 35.0 incidents of each recorded in 2022, up from 28.0 and 25.0 respectively in 2018. For investors and insurance agents, understanding these patterns can help mitigate risks and capitalize on emerging opportunities.
Demographics
Ellis County, Texas shows a predominance of adults with high school diplomas or some college education, pointing to a moderately educated workforce. The adult population slightly favors females over males. Age distribution reveals a substantial portion in the 35 to 44 age bracket, suggesting a significant middle-aged demographic, which could influence local economic initiatives. The racial makeup indicates a majority White population, with Black or African American as the second-largest racial... Read more
Race Distribution in Ellis County, Texas (2022)
Educational Attainment in Ellis County, Texas (2022)
Age Distribution in Ellis County, Texas
Citizen Population in Ellis County, Texas (2022)
Political Trends & Data
Ellis County, Texas, demonstrated a strong conservative preference in the 2020 U.S. Presidential Election, with Republicans capturing about 66.3% of the vote. Democrats secured approximately 32.2%, while Libertarians and Green party candidates had minimal impact. This predominantly conservative voter base might influence local real estate trends, potentially favoring developments that align with conservative values and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ellis County, Texas saw a strong lean towards the Republican party in the 2020 U.S. Presidential Election, capturing approximately 66.3% of the vote. Democrats garnered around 32.2%, while minor parties such as the Libertarian and Green parties barely made a dent, with roughly 1.1% and 0.3% respectively. Other parties collectively contributed to a negligible portion of the vote. This suggests a predominantly conservative voter base with limited swing to third parties.
66.34% of voters voted for the Republican party in the 2020 Presidential Election
32.24% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ellis County, Texas has seen its student-to-teacher ratio decrease from nearly 16 students per teacher in 2014 to around 14.6 by 2023, edging closer to the national average of 14. This trend might hint at improved educational quality and personalized attention for students, making the area more attractive for families and real estate investors. Lower student-to-teacher ratios could also influence property values and insurance rates, making the market potentially more appealing to appraisers and... Read more
Student-to-teacher ratio in Ellis County, Texas over the last 10 years
The student-to-teacher ratio in Ellis County, Texas has fluctuated over the past decade but shows an overall decline, coming closer to the national average of 14 students per teacher. In 2014, the ratio was at a high of nearly 16 students per teacher, but by 2023, it had decreased to around 14.6. This trend could signal an investment in better educational quality and more personalized attention for students, making Ellis County a potentially appealing area for families and those looking to invest in real estate. Lower ratios might also be an attractive factor for appraisers and insurance agents considering the quality of education can impact property values and insurance rates.
