Franklin County Real Estate and Livability Trends
In Franklin County, Texas, the average taxable income per tax return has seen a notable boost from $49,896.59 in 2017 to $66,096.98 in 2021, reflecting an economy that's potentially thrumming with opportunities. Median housing values have nearly doubled, surging from $103,200 in 2015 to $194,800 in 2022, outpacing broader state and national averages and hinting at a competitive real estate... Read more
Franklin County Market Trends
Franklin County, Texas has seen a significant jump in median housing values over recent years, from $103,200 in 2015 to $194,800 in 2022. This rapid growth outpaces both state and national trends, making it an intriguing market for investors. Energy tax credits peaked at $1,150.00 in 2019, showing a commitment to energy-efficient improvements which could enhance property values. Real estate taxes... Read more
Median Value of Occupied Housing Units in Franklin County, Texas Over the Last 8 Years
Over the past eight years, Franklin County, Texas, has seen a significant rise in the median value of occupied housing units, jumping from $103,200 in 2015 to $194,800 in 2022. This growth rate surpasses both the state of Texas, where the median value increased from $136,000 to $238,000, and the national trend, which saw a rise from $125,500 to $179,400 during the same period. Investors and prospective homeowners might find Franklin County particularly intriguing given its relatively lower base starting point and accelerated value growth, suggesting a rapidly developing market.
Residential Energy Tax Credit Per Tax Return in Franklin County, TX Over the Last 7 Years
Franklin County, Texas has seen some notable shifts in the average residential energy tax credit per tax return over the last seven years, with significant peaks in 2019 at $1,150.00 and a subsequent adjustment to $750.00 in 2020. This indicates fluctuating investments in energy-efficient upgrades among homeowners. The trend may be of interest to investors, real estate agents, and property builders, as it suggests an ongoing commitment to energy efficiency, which could lead to reduced utility costs and higher property values. Appraisers and insurance agents might view these trends as indicators of property improvements, potentially affecting premiums and property assessments.
Average Real Estate Taxes Per Tax Return in Franklin County, TX Over the Last 10 Years
Franklin County, Texas has experienced a notable increase in average real estate taxes per tax return over the past decade. Early years like 2012 showed figures around $3,619.40, gradually climbing to approximately $4,279.69 by 2017. A significant surge occurred in 2018, hitting about $6,838.10, and while there have been slight fluctuations since, the 2021 data indicates a steady rate at around $6,580.00. This trend suggests that property investors, potential homeowners, and real estate professionals should be aware of a rising tax burden which could impact housing affordability and investment returns.
Percentage of Farm Returns in Franklin County, TX Over the Last 10 Years
The percentage of farm tax returns in Franklin County, Texas has shown slight fluctuations over the last decade, ranging from approximately 10.40% in 2012 to around 8.71% in 2021. The highest was just over 10% in 2012 and 2013, while there was a noticeable dip in the recent years 2019 to 2021, dropping to about 8.57% at its lowest. Farm tax returns indicate the proportion of income tax returns that are filed by farmers, hinting at the economic composition related to agriculture. Understanding these trends can help potential investors, property developers, and new residents gauge the stability and focus of the local economy, particularly in terms of agricultural activity and financial health.
Number of Mortgages by Occupancy Type in Franklin County, TX Over the Last 5 Years in Franklin County
Franklin County, Texas has seen notable shifts in mortgage trends over the past five years. Principal residences consistently dominate, peaking in 2021 with 579 mortgages before dipping to 426 in 2022. Investment properties and second residences exhibit a more volatile pattern, with second residences experiencing a substantial drop from 198 in 2021 to just 81 in 2022. For investors and real estate professionals, these shifts can signal changing market demands and economic conditions, affecting everything from property values to insurance premiums. Appraisers and insurance agents should consider these dynamics in their assessments, while those looking to move to the area or build property might use this data to gauge future market stability.
Economic Outlook
In Franklin County, Texas, average taxable income per tax return has largely increased over recent years, climbing from $49,896.59 in 2017 to $66,096.98 in 2021. This upward trend hints at a thriving local economy, potentially making the area more appealing for investment and relocation, while possibly influencing property appraisals and insurance costs. Meanwhile, average state and local income taxes have fluctuated, peaking at about $6,350.00 in 2013 and dipping to around $4,250.00 in 2014,... Read more
Average Taxable Income per Tax Return in Franklin County, TX over the last 9 years
In Franklin County, Texas, the average taxable income per tax return has shown a general upward trend over the past nine years. There was a noticeable jump from $49,896.59 in 2017 to $56,757.44 in 2018 and continued increases reaching $66,096.98 in 2021. This growth could suggest a prosperous economic environment, making it an attractive prospect for potential investors, real estate agents, and those considering relocation. The steady rise in income levels could also impact the appraisal value of properties and insurance assessments in the county.
Average State and Local Income Taxes Per Tax Return in Franklin County, TX Over the Last 6 Years
Franklin County, Texas has shown notable fluctuation in average state and local income taxes per tax return over the past six years. For potential investors, residents, and industry professionals, this volatility might suggest an evolving fiscal landscape that could impact financial planning. Values have ranged from a low of approximately $4,250.00 in 2014 to a high of around $6,350.00 in 2013, indicating potential variations in local economic conditions or tax policies. Understanding these trends is crucial for those calculating the cost of living, anticipated tax burdens, and overall economic health of the area.
Average Total Tax Liability Per Tax Return in Franklin County, TX Over the Last 10 Years
Over the last decade, Franklin County, Texas has seen a noticeable upward trend in total tax liability per tax return. Beginning around $7,830.85 in 2012 and reaching approximately $10,615.30 by 2021, the increase suggests a steady rise in either income levels or tax rates. This could appeal to potential investors and property developers by indicating economic growth and potential for higher yields. However, it might cause some concerns for prospective movers and insurance agents due to the rising financial burden on residents. Real estate professionals and appraisers may find this trend useful for forecasting property values and advising clients accordingly.
Cost of Living in Franklin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,184 | $1,267 | $1,940 | $1,085 | $813 |
| 1 adult 4 children | $1,184 | $1,035 | $1,484 | $1,085 | $899 |
| 2 adults 3 children | $1,184 | $1,035 | $1,682 | $1,085 | $647 |
| 1 adult 3 children | $1,184 | $845 | $1,227 | $1,085 | $694 |
| 2 adults 2 children | $973 | $847 | $1,425 | $947 | $603 |
| 1 adult 2 children | $973 | $633 | $970 | $947 | $535 |
| 2 adults 1 child | $973 | $670 | $1,168 | $496 | $590 |
| 1 adult 1 child | $973 | $432 | $713 | $496 | $493 |
| 2 adults | $739 | $538 | $910 | $0 | $520 |
| 1 adult | $734 | $293 | $455 | $0 | $464 |
Safety trends & Data
In Franklin County, Texas, property crime trends over the past five years have shown variable changes. Larceny-theft peaked at 10.00 incidents in 2018 but dropped to 2.00 by 2022, while motor vehicle theft has consistently ranged between 1.00-2.00 incidents annually. Vandalism saw higher numbers in 2019 and 2020, hitting 5.00 and 4.00 incidents respectively. These fluctuations may impact insurance premiums, investment decisions, and real estate valuations, adding a layer of consideration for... Read more
Property Crime Trends in Franklin County, TX Over the Last 5 Years
In Franklin County, Texas, property crime trends over the past five years show a notable fluctuation. Larceny-theft peaked in 2018 with 10.0 reported incidents but significantly dropped to 2.0 by 2022. There has been a consistent but low occurrence of motor vehicle theft, generally maintaining around 1.0-2.0 incidents annually. Instances of fraud and vandalism exhibit a mixed trend with slight increases and decreases; notably, vandalism cases were higher in 2019 and 2020, reaching 5.0 and 4.0 respectively. The overall variability in these property crimes may influence insurance premiums, investment decisions, and real estate valuations in the county.
Demographics
Franklin County, Texas, shows a slight female majority in its adult population. This difference may influence community services and programs. Educational attainment varies, with a substantial number of residents possessing high school diplomas or some college education. This can impact the local job market and economic development. The age distribution indicates a balanced spread across different age groups, suggesting diverse needs for different age-related services. The racial composition is... Read more
Race Distribution in Franklin County, Texas (2022)
Educational Attainment in Franklin County, Texas (2022)
Age Distribution in Franklin County, Texas
Citizen Population in Franklin County, Texas (2022)
Political Trends & Data
Franklin County, Texas, showcased a prominent conservative inclination during the 2020 U.S. Presidential Election, with about 83% of the votes leaning Republican. This substantial support for the Republican party, paired with the Democrats receiving roughly 16%, might hint at a significant conservative influence on local policies and community dynamics. The minimal vote share for Libertarian and Green parties could further underscore a strong, traditional political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Franklin County, Texas, the 2020 U.S. Presidential Election leaned heavily towards the Republican party, which garnered approximately 83 percent of the votes. Democrats trailed significantly with around 16 percent, while smaller parties like the Libertarian and Green parties received less than 1 percent combined. This voting pattern could suggest a strong, consistent conservative presence in the area, likely influencing local politics and policies.
83.07% of voters voted for the Republican party in the 2020 Presidential Election
16.05% 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
0.16% of voters voted for the Green party in the 2020 Presidential Election
School Data
Franklin County, Texas has consistently maintained a student-to-teacher ratio between 12 and 13, often below the national average of 14 students per teacher. Smaller class sizes typically suggest more personalized attention to students, which can be appealing for families with school-age children. This trend could also be attractive to real estate agents and investors as a potential selling point, potentially influencing property values and risk evaluations in the... Read more
Student-to-teacher ratio in Franklin County, Texas over the last 10 years
Franklin County, Texas has seen its student-to-teacher ratio fluctuate between 12 and 13 over the last decade. Notably, this ratio has often remained below the national average of 14 students per teacher, suggesting smaller class sizes that might offer more personalized attention to students. For those looking to move to the area, invest, or evaluate property values, lower student-to-teacher ratios could indicate a more appealing educational environment. This trend is particularly relevant for families with school-age children and professionals in the education sector. Real estate agents and investors might view this as an attractive selling point, while appraisers and insurance agents may consider it when evaluating risk and property values in the region.
