Fayette County Real Estate and Livability Trends
In Fayette County, Texas, median home values soared from $138,100 in 2015 to $254,200 by 2022, outpacing state and national growth rates and indicating a strong investment opportunity. Economic fluctuations are also reflected in peaks in average taxable incomes in 2014 and 2021 and variable state and local tax liabilities, highlighting the need for investor vigilance. Additionally, changes in... Read more
Fayette County Market Trends
Median home values in Fayette County, Texas, climbed from $138,100 in 2015 to $254,200 by 2022, a growth rate that outshines state and national averages. This spike suggests a robust market ripe for investment. Meanwhile, residential energy tax credits exhibited considerable fluctuation, peaking at $3,125 in 2018 before stabilizing at $2,407.14 by 2021, hinting at ongoing investment in... Read more
Median Value of Occupied Housing Units in Fayette County, Texas Over the Last 8 Years
The median home values in Fayette County, Texas, experienced noticeable growth over the last eight years, increasing from $138,100 in 2015 to $254,200 in 2022. This increase in median home values outpaces both the state and national averages, with Texas seeing a rise from $136,000 to $238,000, and the national level climbing from $125,500 to $179,400 over the same period. For potential investors, homeowners, and developers, this consistent upward trend could indicate a strong regional market with opportunities for substantial return on investment, making Fayette County an appealing option in comparison to broader benchmarks.
Residential Energy Tax Credit Per Tax Return in Fayette County, TX Over the Last 9 Years
Residential energy tax credit per tax return in Fayette County, Texas has shown significant variability over the past nine years. From consistent values around $415.38 in 2013 and 2014, the average credit surged to $1,287.50 in 2017, peaked at $3,125.00 in 2018, then experienced fluctuation stabilizing at $2,407.14 by 2021. This substantial increase highlights a growing investment in energy-efficient home improvements, indicating potential for enhanced property values and energy savings. For those considering real estate investment or development in Fayette County, the rising trend in energy tax credits suggests a maturing market with increasing demand for sustainable living solutions.
Average Real Estate Taxes Per Tax Return in Fayette County, TX Over the Last 10 Years
Fayette County, Texas has seen an upward trend in real estate taxes per tax return over the last decade. Starting at approximately $4,011 in 2012, taxes have risen to about $7,240 by 2021, with notable surges during 2018 and 2020 where figures reached approximately $6,306 and $7,895 respectively. This steady increase may indicate rising property values or changes in tax policy, which could affect investment appeal and living costs in the area. Such trends are crucial for potential investors, homeowners, and industry professionals to consider when evaluating the real estate market and financial planning in Fayette County.
Percentage of Farm Returns in Fayette County, TX Over the Last 10 Years
Over the last decade, Fayette County, Texas has seen a modest but consistent decline in the percentage of farm tax returns, starting at almost 19.51% in 2012 and dipping to about 17.35% in 2021. Farm tax returns are a measure of the agricultural sector’s economic activity as they reflect the taxable income generated from farming operations. For investors, builders, or residents, this trend may indicate a gradual shift away from farming as a primary economic driver, potentially pointing towards diversification or changes in land use within the county. This trend could influence decisions on property investment and development, as well as provide insight into the evolving local economy.
Number of Mortgages by Occupancy Type in Fayette County, TX Over the Last 5 Years in Fayette County
Fayette County, Texas, has seen fluctuations in mortgage counts over the past five years, with a notable spike in principal residence mortgages in 2020 and a decline in 2022. Investment property mortgages and second residences have remained relatively low but stable, peaking slightly in 2021. These shifts in occupancy type suggest varying levels of investor interest and potential growth or contraction in the housing market, which can affect property values, rental market dynamics, and insurance rates. Real estate agents, investors, and those planning to move to the area might find these trends crucial for strategic planning and decision-making.
Economic Outlook
In Fayette County, Texas, the average taxable income per tax return has shown significant fluctuations over the past nine years. Notable peaks, particularly in 2014 and 2021 with incomes of $102,554.46 and $84,539.85, suggest possible economic upturns. These trends, which highlight underlying economic conditions, could be crucial for investors and property developers evaluating property values and market stability. Additionally, fluctuating average state and local income taxes, such as the... Read more
Average Taxable Income per Tax Return in Fayette County, TX over the last 9 years
Examining the trends in Fayette County, Texas, over the past nine years, there are notable fluctuations in average taxable income per tax return. Peaks in 2014 and 2021 at $102,554.46 and $84,539.85, respectively, suggest potential economic upturns during those periods. Conversely, years like 2016 saw lower averages around $61,253.59, indicating possible short-term economic challenges. These variances could be significant for investors, property developers, and real estate agents as they reflect underlying economic conditions affecting property values, investment opportunities, and housing market stability in the area.
Average State and Local Income Taxes Per Tax Return in Fayette County, TX Over the Last 10 Years
Fayette County, Texas has seen a fluctuating trend in average state and local income taxes per tax return over the past decade. Noteworthy peaks occurred in 2012 and 2020 with $12,920.00 and $30,600.00 respectively, while 2013 and 2015 saw significant drops to around $7,514.29 and $4,783.33. This volatility could be indicative of varying economic factors and tax policies affecting residents differently year to year. For potential investors or those considering moving to the area, these fluctuations might suggest a need for careful financial planning and consultation with tax professionals to better understand local fiscal dynamics.
Average Total Tax Liability Per Tax Return in Fayette County, TX Over the Last 10 Years
Investors and property developers in Fayette County, Texas should note the fluctuations in average total tax liability per tax return over the last decade. While figures saw highs of $21,067.77 in 2014 and $15,254.09 in 2021, they also dipped to lows of $11,430.61 in 2016. This variability can impact financial planning and forecast models for property investments and insurance assessments. Real estate agents and those moving to the area might find the trends indicative of broader economic shifts affecting resident tax burdens, potentially influencing market dynamics and housing affordability.
Cost of Living in Fayette County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,253 | $1,311 | $1,774 | $1,589 | $952 |
| 1 adult 4 children | $1,253 | $1,071 | $1,357 | $1,589 | $1,090 |
| 2 adults 3 children | $1,253 | $1,071 | $1,539 | $1,589 | $785 |
| 1 adult 3 children | $1,253 | $874 | $1,122 | $1,589 | $886 |
| 2 adults 2 children | $912 | $877 | $1,305 | $1,387 | $665 |
| 1 adult 2 children | $912 | $655 | $887 | $1,387 | $644 |
| 2 adults 1 child | $912 | $693 | $1,070 | $731 | $627 |
| 1 adult 1 child | $912 | $448 | $652 | $731 | $521 |
| 2 adults | $726 | $557 | $835 | $0 | $511 |
| 1 adult | $688 | $304 | $418 | $0 | $450 |
Safety trends & Data
Fayette County, Texas, has experienced fluctuating property crime trends over the past five years. Burglary arrests swung from as low as 3 in 2022 to as high as 10 in 2019, while larceny-theft peaked at 47 arrests in 2018 but plummeted to 5 in 2021. Motor vehicle thefts remain relatively steady with a slight uptick in 2022. Forgery and fraud incidents were minimal, suggesting they are less prevalent. This shifting landscape can be crucial for investors, real estate agents, and local... Read more
Property Crime Trends in Fayette County, TX Over the Last 5 Years
Fayette County, Texas has seen fluctuating trends in property crimes over the last five years with notable peaks and troughs. Burglary arrests varied from a low of 3 in 2022 to a high of 10 in 2019, while larceny-theft spiked in 2018 at 47 arrests and then sharply declined to 5 arrests in 2021. Motor vehicle thefts have remained relatively steady but experienced a slight increase by 2022. Forgery, counterfeiting, and fraud incidents were minimal throughout, suggesting they are less prevalent than other property crimes. Notably, the overall data could indicate shifting patterns in criminal activity that would be vital for investors, real estate agents, and local authorities to consider.
Demographics
In Fayette County, Texas, there's a slightly higher female population compared to males. Over half of the adult population has only a high school diploma or attended some college without earning a degree. The age distribution suggests a more mature population, with substantial numbers in the 55-64 and 65-74 age brackets. Racially, the county is predominantly White, with Black or African American residents being the next largest racial group though significantly smaller in comparison. This... Read more
Race Distribution in Fayette County, Texas (2022)
Educational Attainment in Fayette County, Texas (2022)
Age Distribution in Fayette County, Texas
Citizen Population in Fayette County, Texas (2022)
Political Trends & Data
Fayette County, Texas, showed a notable Republican dominance in the 2020 U.S. Presidential Election, with nearly 79% of the votes potentially leaning that way. Democrats captured around 21% of the vote share, with third-party contenders making minimal impact. This strong leaning could suggest a stable Republican base, which might influence both future local and national electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fayette County, Texas showcased a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with nearly 79% of the votes potentially going their way. While the Democrats captured around 21% of the vote share, third-party choices like the Libertarian and Green parties barely made a dent. This stark difference in party dominance might indicate a solid Republican base in the area, which could have significant implications for future local and national elections.
78.60% of voters voted for the Republican party in the 2020 Presidential Election
20.56% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
School Data
Fayette County, Texas, has maintained a student-to-teacher ratio of around 11 students per teacher over the past decade, significantly below the U.S. national average of 14. This trend of smaller class sizes, particularly hitting a low of 11 in 2021, could attract parents and education-focused investors. The implication of more personalized attention for students may enhance educational outcomes, making the area particularly appealing to families and potentially boosting real estate values and... Read more
Student-to-teacher ratio in Fayette County, Texas over the last 10 years
Fayette County, Texas, has consistently maintained a student-to-teacher ratio hovering around 11 students per teacher over the last decade, notably below the current U.S. national average of 14 students per teacher. The ratio's downward trend, reaching a low of 11 in 2021, suggests smaller class sizes, which could be a significant advantage for parents considering relocation and for education-focused investors. Such ratios may imply more personalized attention for students, potentially leading to better educational outcomes and appealing to those valuing a higher quality of education. This metric might also influence real estate values and rental desirability, as families often prioritize areas with reputedly strong educational support.
