Falls County Real Estate and Livability Trends
Falls County, Texas, is showing signs of emerging real estate potential, driven by rising average taxable income and median home values that suggest economic improvements and affordability. Despite fluctuations in tax liabilities, energy tax credits have surged, reflecting increased eco-friendly investments. A steady rise in demand for mortgages hints at market stability, while consistent low... Read more
Falls County Market Trends
Falls County, Texas has seen a steady rise in median home values from $64,900 in 2015 to $103,400 in 2022, which lags behind state and national trends but suggests potential affordability for investors and homebuyers. Energy tax credits per tax return have surged notably, hitting $2,250.00 by 2021, pointing to increased adoption of energy-efficient improvements. Real estate taxes have also... Read more
Median Value of Occupied Housing Units in Falls County, Texas Over the Last 8 Years
Falls County, Texas has experienced a generally upward trend in median home values over the past eight years, jumping from $64,900 in 2015 to $103,400 in 2022. This change is significant but still trails behind both state and national figures, with Texas seeing home values rise from $136,000 in 2015 to $238,000 in 2022, and the national median growing from $125,500 to $179,400 over the same period. Despite this gap, the relatively lower median home value in Falls County may present an attractive opportunity for potential investors or homebuyers looking for more affordable options compared to the broader Texas and U.S. markets.
Residential Energy Tax Credit Per Tax Return in Falls County, TX Over the Last 8 Years
Over the last eight years, Falls County, Texas has seen a dramatic increase in average residential energy tax credits per tax return, from approximately $236.36 in 2013 to $2,250.00 by 2021. The spike between 2018 and 2019, where the average credit surged from $500.00 to $1,700.00, suggests increased investment in energy-efficient home improvements or renewable energy installations. This trend could indicate growing awareness and adoption of energy-saving practices among residents. For those considering a move or investment in Falls County, these incentives could offset energy costs and contribute to long-term savings.
Average Real Estate Taxes Per Tax Return in Falls County, TX Over the Last 10 Years
Falls County, Texas has seen a noticeable upward trend in average real estate taxes per tax return over the past decade. Starting at approximately $2,578.26 in 2012, the taxes have steadily increased, peaking at around $5,090.91 in 2021. This rise could suggest heightened property values or changes in tax assessment policies, factors that potential investors and homeowners should consider. This data might indicate a potential for increased long-term investment returns, but also higher costs for property owners. Real estate agents, appraisers, and insurance agents might find this trend particularly relevant when advising clients or assessing market conditions.
Percentage of Farm Returns in Falls County, TX Over the Last 10 Years
Falls County, Texas has seen varying trends in the percentage of farm tax returns over the past decade. Farm returns, indicative of incomes earned from farming activities and filed for tax purposes, offer insight into the agricultural viability of the area. The data suggests a slight downward trend from 14.79% in 2012 to 13.46% in 2021, with notable fluctuations like a dip to 11.90% in 2020. This could imply marginal changes in farming profitability or demographic shifts impacting farm operations. For investors or those considering relocation, this trend may hint at broader economic conditions influencing the agricultural sector in this region, which can affect land investment and local economic health.
Number of Mortgages by Occupancy Type in Falls County, TX Over the Last 5 Years in Falls County
Over the last five years, Falls County, Texas has seen a notable trend in mortgage counts by occupancy type, with the most significant volume in principal residences, followed by a much smaller number of investment properties and second residences. There was a peak in the number of principal residence mortgages in 2021 at 540, which is a marked increase from the 336 accounted for in 2018. Changes in the type of occupancy can have implications for investors, as a high number of principal residences suggests strong local demand and stability, while varying numbers of investment property mortgages can indicate shifting investment interest and potential for rental market growth. These patterns can be crucial for appraisers and insurance agents assessing risk and value, as well as for prospective residents and real estate professionals seeking to understand the market dynamics.
Economic Outlook
Falls County, Texas has seen a general rise in average taxable income per tax return over the past nine years, climbing from about $39,109.89 in 2013 to roughly $52,488.44 in 2021. This steady uptick hints at economic improvement, possibly making it a more appealing real estate market. Average total tax liability, however, has been less stable, peaking at around $7,293.23 in 2014, dipping to $6,041.12 in 2017, and then rising to about $7,587.23 in 2021. These fluctuations indicate an... Read more
Average Taxable Income per Tax Return in Falls County, TX over the last 9 years
Over the past nine years, Falls County, Texas, has experienced a general upward trend in average taxable income per tax return, rising from approximately $39,109.89 in 2013 to about $52,488.44 in 2021. This consistent increase suggests a slowly improving local economy, possibly making it a more attractive market for real estate investments. Increased average incomes could also suggest better financial stability among residents, a consideration for those in the insurance and appraisal industries. For potential investors and movers, this economic growth could mean better opportunities and developing infrastructure in the area.
Average Total Tax Liability Per Tax Return in Falls County, TX Over the Last 10 Years
Average total tax liability per tax return in Falls County, Texas has seen some fluctuations over the past decade. After peaking in 2014 at approximately $7,293.23, there was a notable drop in successive years, bottoming out around $6,041.12 in 2017. However, the trend shifted upwards again, hitting around $7,587.23 in 2021. This variability could impact investment decisions, property value assessments, and insurance rate calculations, indicating an economic dynamism that stakeholders might consider both beneficial and risky.
Cost of Living in Falls County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,279 | $1,885 | $1,215 | $808 |
| 1 adult 4 children | $1,174 | $1,044 | $1,441 | $1,215 | $894 |
| 2 adults 3 children | $1,174 | $1,045 | $1,636 | $1,215 | $645 |
| 1 adult 3 children | $1,174 | $853 | $1,192 | $1,215 | $669 |
| 2 adults 2 children | $826 | $855 | $1,387 | $1,056 | $545 |
| 1 adult 2 children | $826 | $639 | $943 | $1,056 | $485 |
| 2 adults 1 child | $826 | $676 | $1,137 | $542 | $539 |
| 1 adult 1 child | $826 | $437 | $693 | $542 | $445 |
| 2 adults | $687 | $543 | $888 | $0 | $491 |
| 1 adult | $589 | $296 | $444 | $0 | $417 |
Safety trends & Data
Falls County, Texas, has observed a significant decrease in property crimes over the past five years, with burglary cases dropping from 36 in 2018 to just 4 in 2022. Similarly, larceny-theft incidents fell from 34 in 2018 to zero by 2021. While motor vehicle theft and fraud numbers stayed relatively steady, the overall reduction in property-related crimes points to a potentially safer environment for future residents and... Read more
Property Crime Trends in Falls County, TX Over the Last 5 Years
Falls County, Texas, has seen a notable decline in property crimes over the past five years, particularly in categories like burglary and larceny-theft, which experienced significant drops from 2018 to 2022. For instance, burglary cases plummeted from 36 in 2018 to just 4 in 2022. Similarly, larceny-theft incidents decreased from 34 in 2018 to zero by 2021 and beyond. While motor vehicle theft and fraud remained relatively constant with minimal numbers, the overall trend indicates a promising reduction in these property-related crimes, which could suggest an improving safety profile for future residents and investors.
Demographics
Falls County, Texas, shows a slight female majority, indicative of broader longevity trends. The educational landscape is somewhat mixed, with high school graduates forming the largest segment, hinting at potential for workforce development programs. Age distribution suggests a balanced population across age groups, highlighting the need for diverse community and healthcare services. The racial composition is predominantly White, with Black or African American and Asian populations also... Read more
Race Distribution in Falls County, Texas (2022)
Educational Attainment in Falls County, Texas (2022)
Age Distribution in Falls County, Texas
Citizen Population in Falls County, Texas (2022)
Political Trends & Data
In Falls County, Texas, the 2020 U.S. Presidential Election likely saw a strong tilt towards the Republican Party with almost 68% of the vote, compared to nearly 31% for Democrats. Minor parties received minimal support, with Libertarians and Greens potentially getting just over 0.7% and around 0.2%, respectively. This conservative skew mirrors broader state trends but stands out distinctly in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Falls County, Texas, the 2020 U.S. Presidential Election likely saw a significant tilt towards the Republican Party, possibly accounting for almost 68% of the vote. Democrats garnered nearly 31%, while minor party candidates such as Libertarians and Greens attracted minimal support, potentially receiving just over 0.7% and around 0.2%, respectively. This distribution indicates a strong preference for conservative policies, which may be reflective of broader state trends but highlights a particular skew in this locality.
68.11% of voters voted for the Republican party in the 2020 Presidential Election
30.96% 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
0.21% of voters voted for the Green party in the 2020 Presidential Election
School Data
Falls County, Texas has witnessed student-to-teacher ratios hover between eleven and twelve over the last decade, consistently staying below the national average of fourteen. This trend hints at a stable, personalized educational landscape that might attract families, bolstering the local real estate market's appeal. For real estate agents and investors, it signals a possibly favorable environment for property values, while appraisers and insurance agents might see it as a marker of the... Read more
Student-to-teacher ratio in Falls County, Texas over the last 10 years
Falls County, Texas has seen its student-to-teacher ratio fluctuate over the past decade, ranging from around eleven to twelve students per teacher. While the latest figure stands at approximately twelve, which is slightly below the current US national average of fourteen students per teacher, these variations might attract families seeking more personalized education. For real estate agents and investors, this trend suggests a stable educational environment, potentially enhancing the appeal of the local real estate market. Appraisers and insurance agents could also find these ratios indicative of the community’s investment in education, an essential factor in determining property values and insurance risks.
