Fannin County Real Estate and Livability Trends

Fannin County, Texas has seen a dramatic rise in median home values, skyrocketing from $94,600 in 2015 to $193,200 in 2022, outperforming both Texas and national growth rates. This impressive appreciation highlights the county as a burgeoning hotspot for real estate investors, especially given its low starting point. Rising average residential energy tax credits, peaking at $3,533.33 in 2018 and... $2,887.50 in 2020, suggest increased investment in energy-efficient home upgrades, potentially driving up property values and market appeal. Meanwhile, average real estate taxes have nearly doubled from $3,071.50 in 2012 to about $6,125.00 in 2020, hinting at either elevated property values or adjusted tax rates. Additionally, the rise in mortgages for principal residences over the past five years suggests a growing demand for family homes, possibly driven by economic expansion or population growth, offering lucrative opportunities for real estate stakeholders. Read more

Over the last nine years, Fannin County, Texas has seen average taxable income per tax return jump from $47,013.64 in 2013 to $69,288.41 in 2021. This steady climb in income may indicate economic growth, making it appealing for investors, developers, and real estate agents keen on a rising financial profile. Though average state and local income taxes per tax return have also increased from $4,333.33 in 2012 to $7,866.67 in 2021, it's the rise in total tax liability, from $5,983.59 to... $10,831.12, that could reflect broader economic conditions and potentially impact property values and market dynamics in the region. Read more

Fannin County, Texas has experienced a notable decrease in property crime rates over the last five years. From a peak in 2018 with larceny-theft incidents at 89.00 and burglary at 22.00, these figures have plummeted to just 1.00 and 2.00 by 2022. Fraud spikes, which reached a high of 21.00 in 2019, also reduced to 4.00 by 2022. This decline could be seen as indicative of improved public safety, potentially boosting appeal for investors, homebuyers, and real estate professionals considering... properties in the area. Read more

Fannin County, Texas, presents some intriguing demographic highlights. The adult population skews slightly male, with 14,636 males compared to 12,696 females. Educational attainment shows a significant portion of residents are high school graduates or have some college experience, while those with a bachelor's degree or higher are relatively fewer. Age distribution is fairly balanced, but there's a notable peak in the 55 to 64 years age range. Racial demographics highlight a predominantly White... community, with small percentages of other racial groups including Black or African American and Asian residents. These data points could imply trends in employment, local policies, and community services. Read more

Fannin County in Texas may present itself as a predominantly conservative area, given the significant lean toward Republican votes in the 2020 U.S. Presidential Election. This could potentially influence local real estate trends, favoring developments and amenities that align with conservative values. Minimal support for Democratic, Libertarian, Green, and other parties hints at a possibly homogeneous political climate, critiquing the kinds of investments and community projects that might... flourish here. Read more

In Fannin County, Texas, the student-to-teacher ratio has consistently remained below the national average of 14 students per teacher over the past decade, reaching a high of 13 in 2015 and a low of 12 in 2023. This trend suggests a strong educational environment, potentially making the area more appealing for families and possibly boosting property... values. Read more