Floyd County Real Estate and Livability Trends
Floyd County, Texas has been seeing an average taxable income increase from $46,238.40 in 2013 to $56,305.96 in 2021, hinting at potential economic growth. Median home values have also been on an upward trend, climbing from $65,300 in 2015 to $90,800 in 2022, despite still being below state and national averages. This increase in economic indicators could attract real estate investors looking for... Read more
Floyd County Market Trends
Floyd County, Texas has seen a robust upward trend in median home values, climbing from $65,300 in 2015 to $90,800 in 2022, signaling a growing local market despite still being below Texas and national averages. Real estate taxes, which peaked at $3,840.00 in 2020, hint at rising property values or changing tax policies, affecting long-term financial planning. A consistent percentage of farm tax... Read more
Median Value of Occupied Housing Units in Floyd County, Texas Over the Last 8 Years
In Floyd County, Texas, the median home value over the past eight years has shown a remarkable upward trend, jumping from $65,300 in 2015 to $90,800 in 2022. Although still below the Texas state average, which reached $238,000 in 2022, and the national average of $179,400, the steady increase suggests a growing local market. This is especially significant for those interested in investing in or moving to the area, as it may indicate rising demand and potential future appreciation in property values.
Average Real Estate Taxes Per Tax Return in Floyd County, TX Over the Last 10 Years
Over the past decade, Floyd County, Texas has generally seen an increase in average real estate taxes per tax return, starting at approximately $2,373.68 in 2012 and peaking at $3,840.00 in 2020, before slightly readjusting to $2,820.00 in 2021. This trend could indicate rising property values or changes in tax policies, and it's something both potential investors and current property owners should keep an eye on when considering long-term financial planning, potential returns on investment, or assessing the viability of owning property in the area.
Percentage of Farm Returns in Floyd County, TX Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Floyd County, Texas, has experienced slight fluctuations, generally hovering around the 9.5% mark. For instance, 2013 saw a peak at 10.36%, while 2020 marked a low at 8.56%. Farm tax returns can provide insights into the county's agricultural economic health and may signal broader trends affecting the local economy. Investors, builders, and residents might find these indicators useful for understanding market stability and potential growth areas.
Number of Mortgages by Occupancy Type in Floyd County, TX Over the Last 5 Years in Floyd County
Floyd County, Texas has seen fluctuations in mortgage activity in recent years, with principal residence mortgages remaining the most common but showing varying counts, peaking at 118 in 2021. Investment property mortgages experienced a sharp increase from 1 in 2021 to 8 in 2022, suggesting potential rising interest from investors. These changes in occupancy type data are crucial as they may influence property values, rental market dynamics, and insurance risk assessments. For those considering investments or relocations, these trends can offer insights into the county's real estate market stability and growth prospects.
Economic Outlook
Floyd County, Texas has seen the average taxable income per tax return increase from $46,238.40 in 2013 to $56,305.96 in 2021, hinting at potential economic growth. Tax liability figures have fluctuated, ranging from $7,619.41 in 2014 to $9,387.18 in 2019, but have recently stabilized around the mid-$8,000 range. This stability might attract real estate investors and agents by offering a predictable financial... Read more
Average Taxable Income per Tax Return in Floyd County, TX over the last 9 years
Over the past nine years in Floyd County, Texas, the average taxable income per tax return has shown a general upward trend. Kicking off at $46,238.40 in 2013, there was a notable dip in 2014 to $43,765.60 followed by steady increases peaking at $56,305.96 in 2021. This growth might indicate positive economic development and could suggest an improved financial landscape that prospective investors and real estate agents find appealing. Meanwhile, the fluctuations reflect broader economic conditions that might interest insurance agents and appraisers assessing risk and property values.
Average Total Tax Liability Per Tax Return in Floyd County, TX Over the Last 10 Years
Over the past decade, Floyd County, Texas has shown considerable fluctuations in average total tax liability per tax return. The figures have ranged from a low of $7,619.41 in 2014 to a high of $9,387.18 in 2019. Notably, the recent trend indicates potential stabilization around the mid-$8,000 range, suggesting a somewhat modest and stable financial landscape in terms of tax obligations. This kind of stability could be a critical factor for those interested in investing or building property in the area, making it a relatively predictable environment for financial planning.
Cost of Living in Floyd County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,114 | $1,303 | $2,079 | $1,199 | $875 |
| 1 adult 4 children | $1,114 | $1,064 | $1,592 | $1,199 | $967 |
| 2 adults 3 children | $1,114 | $1,064 | $1,803 | $1,199 | $699 |
| 1 adult 3 children | $1,114 | $869 | $1,316 | $1,199 | $725 |
| 2 adults 2 children | $915 | $871 | $1,527 | $1,046 | $623 |
| 1 adult 2 children | $915 | $651 | $1,040 | $1,046 | $571 |
| 2 adults 1 child | $915 | $689 | $1,250 | $548 | $610 |
| 1 adult 1 child | $915 | $445 | $763 | $548 | $505 |
| 2 adults | $695 | $553 | $974 | $0 | $527 |
| 1 adult | $690 | $302 | $487 | $0 | $465 |
Safety trends & Data
Floyd County, Texas has experienced periodic surges in specific property crimes such as a notable spike in burglaries in 2019 and a peak in larceny-theft in 2021, but overall property crime levels have remained manageable. These insights could be useful for prospective investors, real estate agents, and residents, indicating areas that might require additional security measures while still presenting generally low crime... Read more
Property Crime Trends in Floyd County, TX Over the Last 5 Years
Over the past five years, Floyd County, Texas has seen fluctuations in property crime, highlighted by a notable spike in burglary in 2019 with a total of 8 arrests, compared to other years where it averaged around 3. Larceny-theft peaked in 2021 with 10 incidents but stayed relatively low in other years. Arson incidents remained consistently low with only one recorded case in 2018 and 2019. Fraud and vandalism also saw isolated increases, particularly in 2018 and 2021. For prospective investors, real estate agents, and residents, these trends suggest that while there are periodic surges in specific areas, overall property crime levels remain manageable.
Demographics
Floyd County, Texas seems to exhibit a slightly higher number of females compared to males. The majority of the adult population in Floyd County falls within the 25 to 64 age range, which could indicate a stable workforce. Educationally, a significant portion does not hold a college degree, with high school graduates forming the largest segment. Racially, the population is predominantly White. These trends matter for understanding community needs, potential areas for educational investment, and... Read more
Race Distribution in Floyd County, Texas (2022)
Educational Attainment in Floyd County, Texas (2022)
Age Distribution in Floyd County, Texas
Citizen Population in Floyd County, Texas (2022)
Political Trends & Data
Floyd County, Texas, demonstrated a strong Republican preference in the 2020 U.S. Presidential Election, with Republicans capturing a significant vote share. Democratic support lagged behind, while third-party candidates like Libertarians and Greens saw minimal engagement. This voting behavior hints at a predominantly conservative electorate in Floyd... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Floyd County, Texas, exhibited a strong preference for the Republican Party in the 2020 U.S. Presidential Election, with Republicans securing a significant portion of the vote share. Meanwhile, Democratic support was comparatively lower, and third-party candidates such as Libertarians and Greens garnered minimal traction. These voting patterns suggest a predominantly conservative electorate in Floyd County.
77.69% of voters voted for the Republican party in the 2020 Presidential Election
21.48% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
School Data
Over the past decade, Floyd County, Texas has seen notable shifts in its student-to-teacher ratio, from as low as 9 in 2016 to a peak of 17 in 2021, typically staying below the U.S. national average of 14. This fluctuation could affect classroom dynamics and educational outcomes, which in turn might influence property values, school funding, and how the quality of local education is perceived. Real estate professionals, investors, and potential residents should consider these trends when... Read more
Student-to-teacher ratio in Floyd County, Texas over the last 10 years
Over the past decade, Floyd County, Texas has seen significant fluctuations in its student-to-teacher ratio, ranging from as low as 9 in 2016 to a high of 17 in 2021. Interestingly, while the U.S. national average holds at around 14 students per teacher, Floyd County appears to consistently hover below this mark, although certain years like 2017, 2019, and 2021 bucked this trend. These shifts in ratios could potentially impact classroom dynamics and educational outcomes, making it a critical factor for prospective residents, investors, real estate professionals, and education insiders to consider. An unusually high or low ratio could influence property values, affect school funding, and shift the perception of the local education quality.
