Erath County Real Estate and Livability Trends
Erath County, Texas, has experienced notable economic and property value rises, with average taxable income per tax return increasing from $46,205.12 in 2013 to $69,255.96 by 2021. The spike in state and local income taxes to $11,066.67 in 2021 suggests economic shifts that may interest investors. Median home values surged from $121,700 in 2015 to $219,600 in 2022. Real estate taxes rose... Read more
Erath County Market Trends
In Erath County, Texas, median home values have surged from $121,700 in 2015 to $219,600 in 2022, reflecting robust appreciation relative to national and state trends. Residential energy tax credits per return spiked noticeably between 2016 and 2018, indicating a rise in energy-efficient home investments. Real estate taxes have increased steadily from about $3,405.80 per return in 2012 to... Read more
Median Value of Occupied Housing Units in Erath County, Texas Over the Last 8 Years
In Erath County, Texas, median home values have experienced significant growth over the past eight years, jumping from $121,700 in 2015 to $219,600 in 2022. When compared to Texas as a whole, where values escalated from $136,000 to $238,000 during the same period, Erath County shows a slightly more moderate but still robust appreciation. Nationally, the median values climbed from $125,500 to $179,400, showcasing that Erath County's real estate market is performing quite well relative to broader trends. This growth could be a key signal for those considering investments or relocations, highlighting increasing property value trends that may bring healthy returns.
Residential Energy Tax Credit Per Tax Return in Erath County, TX Over the Last 9 Years
In Erath County, Texas, there appears to be significant fluctuation in the average residential energy tax credit per tax return over the past nine years, with a notable upward trend from 2015 onwards. For instance, while the credit ranged from $505.26 in 2013 to a significant high of $2,450.00 in 2018, the average credit saw a dramatic increase particularly between 2016 and 2018. This rise suggests growing investments in energy efficiency among residents, which might interest those looking to build or invest in energy-efficient properties. Real estate agents and appraisers might see value in promoting energy-efficient homes, and insurance agents could potentially offer better rates for such homes due to lower associated risks.
Average Real Estate Taxes Per Tax Return in Erath County, TX Over the Last 10 Years
Real estate taxes in Erath County, Texas have shown a steady increase over the past decade, jumping from approximately $3,405.80 per return in 2012 to about $5,800.00 in 2021. This trend suggests upward pressure on property expenses, potentially impacting investment returns and affordability for new homeowners. The notably sharp rise around 2017-2018, with taxes spiking from $4,334.65 to $5,372.60, could indicate a shift in local economic or policy factors. For insurance agents, appraisers, and real estate professionals, this pattern may signal a need for adjusted valuation models and financial planning assessments.
Percentage of Farm Returns in Erath County, TX Over the Last 10 Years
Farm tax returns in Erath County, Texas, have largely fluctuated between 12.50% to 13.00% over the last decade, with a notable dip to around 11.75% in 2020. Despite these variations, the trend suggests stability, which could be reassuring for prospective investors and current residents as it hints at a consistent agricultural economy. Changes in these percentages can indicate shifts in farm income and the number of farms, impacting local economies and property values. This kind of data is particularly relevant for those considering agricultural investments or property developments in Erath County.
Number of Mortgages by Occupancy Type in Erath County, TX Over the Last 5 Years in Erath County
In Erath County, Texas, the number of mortgages for principal residences has shown significant fluctuation over the past five years, surging from 1,039 in 2018 to 1,710 in 2020 before dipping to 1,207 in 2022. Investment property mortgages also saw an increase, peaking at 177 in 2021 but then declining to 153 in 2022. Mortgages for second residences have remained relatively low but consistent, averaging around 50-90 annually. Shifts in the types of occupancy could reflect broader economic conditions or changing lifestyle preferences, which might impact market dynamics. For investors, understanding these trends can highlight potential demand shifts, while builders and real estate agents might find insights into what types of housing to emphasize. Additionally, insurance agents and appraisers may use this data to better assess risks and property values respectively.
Economic Outlook
Erath County, Texas has seen a steady rise in average taxable income per tax return, starting at around $46,205.12 in 2013 and reaching approximately $69,255.96 by 2021. This trend, especially the significant jump between 2020 and 2021, hints at potential economic growth or rising wage levels, making the area more attractive for investors or those looking to relocate. Additionally, state and local income taxes have spiked from a range of $4,500.00 to $6,900.00 between 2012-2020 to $11,066.67 in... Read more
Average Taxable Income per Tax Return in Erath County, TX over the last 9 years
Erath County, Texas has seen a steady and notable increase in average taxable income per tax return over the past nine years, starting at around $46,205.12 in 2013 and climbing to approximately $69,255.96 by 2021. Significant jumps, particularly between 2020 and 2021, suggest potential economic growth or rising wage levels, making the area increasingly attractive for those looking to invest or relocate. Such trends could impact property assessments and insurance rates, potentially increasing the value of real estate in the county.
Average State and Local Income Taxes Per Tax Return in Erath County, TX Over the Last 10 Years
Erath County, Texas, has seen a fluctuating trajectory in state and local income taxes over the past decade, with notable increases in recent years. The average figure hovered around $4,500.00 to $6,900.00 from 2012 to 2020, but there's been a significant jump to $11,066.67 in 2021. This sharp rise could hint at economic growth, increased earnings, or policy changes affecting the local tax landscape. Investors, real estate professionals, and residents might view this trend as a marker of economic shifts in the region.
Average Total Tax Liability Per Tax Return in Erath County, TX Over the Last 10 Years
The average total tax liability per tax return in Erath County, Texas reveals some significant trends over the last decade. After a relatively stable period with minor fluctuations, a notable jump occurred in 2021 with liabilities spiking to $12,880.19. This sharp increase may suggest changes in local economic factors or tax policies, which could impact decisions for investors, real estate agents, and potential newcomers. Keeping an eye on these dynamics is particularly important for financial planning and property appraisals in this region.
Cost of Living in Erath County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,349 | $1,219 | $2,121 | $1,570 | $1,009 |
| 1 adult 4 children | $1,349 | $995 | $1,625 | $1,570 | $1,141 |
| 2 adults 3 children | $1,349 | $995 | $1,839 | $1,570 | $834 |
| 1 adult 3 children | $1,349 | $813 | $1,343 | $1,570 | $905 |
| 2 adults 2 children | $949 | $815 | $1,557 | $1,371 | $669 |
| 1 adult 2 children | $949 | $609 | $1,061 | $1,371 | $635 |
| 2 adults 1 child | $949 | $644 | $1,275 | $724 | $630 |
| 1 adult 1 child | $949 | $416 | $779 | $724 | $530 |
| 2 adults | $771 | $517 | $993 | $0 | $528 |
| 1 adult | $766 | $282 | $497 | $0 | $475 |
Safety trends & Data
Erath County, Texas has experienced fluctuating property crime trends over the past five years. Larceny-theft peaked at 93.0 incidents in 2018 but dropped significantly to 36.0 by 2022. Burglary incidents plunged from 20.0 in 2019 to just 2.0 by 2022, and vehicle thefts, after hitting 15.0 in 2018, generally remained in the lower single digits. Interestingly, fraud and vandalism numbers stayed relatively low and steady. These trends might prove important for investors, insurance agents, and... Read more
Property Crime Trends in Erath County, TX Over the Last 5 Years
Over the last five years, Erath County, Texas has seen notable fluctuations in property crime trends. Larceny-theft is consistently the most reported crime, peaking at 93.0 incidents in 2018 and then dropping significantly to 36.0 in 2022. Burglary incidents also fell sharply from 20.0 in 2019 to just 2.0 by 2022. Vehicle thefts had a high of 15.0 in 2018 but tend to hover in the lower single digits thereafter. Interestingly, fraud and vandalism maintained relatively low but steady numbers across the years. These trends could be crucial for investors, insurance agents, and real estate professionals evaluating the safety and risk profile in Erath County.
Demographics
Erath County, Texas, shows a slight female majority in its adult population. The educational attainment levels hint at a solid base of high school graduates, with significant portions having some college experience or a bachelor's degree. Age distribution seems fairly balanced, though there's a noticeable population bump in the 20-24 and under-10 age groups, suggesting a younger demographic slice with potential long-term growth. The racial makeup is predominantly White, with small but present... Read more
Race Distribution in Erath County, Texas (2022)
Educational Attainment in Erath County, Texas (2022)
Age Distribution in Erath County, Texas
Citizen Population in Erath County, Texas (2022)
Political Trends & Data
Erath County, Texas, showed a pronounced Republican inclination in the 2020 U.S. Presidential Election, with the party possibly receiving about 81% of the vote. This significant GOP lean may shape local policies and political conversations, potentially affecting areas like land use, property taxes, and development regulations. With Democrats securing around 17%, and minimal support for third parties, the political climate here could influence the real estate market in terms of investor... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Erath County, Texas, the 2020 U.S. Presidential Election leaned heavily toward the Republican party, which possibly garnered around 81% of the votes. Democrats might have secured nearly 17%, with Libertarians and the Green party capturing around 1% and below collectively. These figures suggest a strong Republican preference, which could influence local policies and political discourse.
81.18% of voters voted for the Republican party in the 2020 Presidential Election
17.30% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Erath County, Texas has seen a gradual reduction in student-to-teacher ratios, moving from 12.5 in 2014 to 12.04 in 2023. This trend suggests relatively smaller class sizes compared to the national average of 14, potentially indicating higher-quality education. Real estate agents might find this appealing for families, while developers and investors could view it as a sign of a community valuing education. Lower ratios can also hint at efforts to attract and retain qualified teachers,... Read more
Student-to-teacher ratio in Erath County, Texas over the last 10 years
The student-to-teacher ratio in Erath County, Texas has shown some slight fluctuations over the past decade, generally trending downward from 12.5 in 2014 to 12.04 in 2023. Investors, those moving to the area, and those involved in property development might see this as a sign of relatively smaller class sizes compared to the national average of 14 students per teacher. This could potentially translate to higher-quality education, making the area more attractive to families. Real estate agents might leverage this detail in marketing, while appraisers and insurance agents may factor it into their assessments of property values. A decreasing ratio can be an indicator of a community’s investment in education, possibly pointing to a local emphasis on retaining and attracting teaching staff.
