Gaines County Real Estate and Livability Trends
Gaines County, Texas has seen home values roughly double from $92,600 in 2015 to $181,100 in 2022, suggesting solid investment opportunities. Residential energy tax credits are on the rise, going from $325.00 in 2013 to $1,539.13 by 2021, indicating a growing trend in energy-efficient upgrades. Real estate taxes per return peaked at $6,475.00 in 2019, possibly reflecting higher property values.... Read more
Gaines County Market Trends
Over the past eight years, median home values in Gaines County, Texas have roughly doubled from $92,600 in 2015 to $181,100 in 2022, indicating potential growth opportunities for investors. The county also saw a significant rise in average residential energy tax credits, from $325.00 in 2013 to $1,539.13 by 2021, highlighting a shift towards energy-efficient home improvements. Average real estate... Read more
Median Value of Occupied Housing Units in Gaines County, Texas Over the Last 8 Years
Over the past eight years, median home values in Gaines County, Texas, have shown some volatility but generally followed an upward trend from $92,600 in 2015 to $181,100 in 2022. Comparatively, median home values in Texas and the United States also increased steadily. For example, Texas saw an increase from $136,000 in 2015 to $238,000 in 2022, while national values rose from $125,500 to $179,400 during the same period. Gaines County's significant jumps, particularly the spike to $181,100 in 2022, could suggest increased interest or development in the area, potentially making it an attractive spot for investors looking for growth opportunities outside more saturated markets.
Residential Energy Tax Credit Per Tax Return in Gaines County, TX Over the Last 9 Years
Gaines County, Texas has seen a notable increase in average residential energy tax credits per tax return over the past nine years. Starting at $325.00 in 2013 and rising sharply to $1,539.13 by 2021, this trend indicates growing investment in energy-efficient home improvements. This could be indicative of shifting homeowner priorities and potential opportunities for energy-efficient product providers, real estate professionals focusing on eco-friendly properties, and insurance agents adjusting policies for these improvements. This trend might also attract appraisers and others advising on or investing in property valuations, indicating a significant move towards sustainable living practices in the area.
Average Real Estate Taxes Per Tax Return in Gaines County, TX Over the Last 10 Years
Gaines County, Texas has seen a noticeable upward trend in average real estate taxes per tax return over the past decade. From $3,034.29 in 2012, the figure rose to a high of $6,475.00 in 2019 before settling slightly lower at $5,996.30 in 2021. This growth may indicate increasing property values or changes in tax rates, which could be important for potential investors, real estate agents, and homeowners considering long-term financial planning in the area.
Percentage of Farm Returns in Gaines County, TX Over the Last 10 Years
The percentage of farm tax returns in Gaines County, Texas has generally seen a gradual decline over the last decade, with a peak near 7.25% in 2012 and a low around 5.88% in 2020, before rebounding slightly to approximately 6.15% in 2021. Farm tax returns reflect the economic activity and profitability of agricultural operations, serving as an important indicator for investors and those considering property or business ventures in the vicinity. This downward trend may suggest changes in the agricultural landscape, economic pressures, or shifts toward other industries, factors that potential investors and residents should consider when evaluating opportunities in Gaines County.
Number of Mortgages by Occupancy Type in Gaines County, TX Over the Last 5 Years in Gaines County
In Gaines County, Texas, the number of mortgages for principal residences surged notably from 677 in 2018 to 948 in 2021, reflecting a potential demand for primary homes in the region. Conversely, investment property mortgages have hovered around the mid-20s over the last five years, suggesting a consistent but limited interest in investment opportunities. Mortgages for second residences remained marginal, peaking modestly at 8 in 2021. These shifts in occupancy type could hint at changing priorities among homebuyers, possibly making the area more attractive for families or individuals seeking long-term residence, while maintaining moderate investment prospects. Understanding these trends is crucial for investors, appraisers, and real estate agents in evaluating market dynamics and potential property values in Gaines County.
Economic Outlook
Gaines County, Texas has witnessed a fluctuating yet upward trend in average taxable income per tax return, rising from $52,884.76 in 2013 to $62,174.51 by 2021, indicating a potentially stronger economic environment. While state and local income taxes have varied significantly, with a rise peaking at $5,966.67 in 2020 after a low in 2017, this volatility could impact financial planning for those considering investments. Additionally, average total tax liability per return has experienced... Read more
Average Taxable Income per Tax Return in Gaines County, TX over the last 9 years
Gaines County, Texas has seen a general upward trend in average taxable income per tax return over the last nine years, with notable fluctuations. Starting at $52,884.76 in 2013, the average saw some dips, as in 2015 and 2016 where it decreased to around $51,083.40 and $50,152.21 respectively. A more significant upward shift began in 2019, reaching $59,891.62, and escalating to $62,174.51 by 2021. This suggests a potentially stronger economic environment, making the area an interesting prospect for those looking to invest, build property, or move. These figures are also valuable for insurance agents, appraisers, and real estate professionals assessing economic stability and growth in the region.
Average State and Local Income Taxes Per Tax Return in Gaines County, TX Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Gaines County, Texas have exhibited considerable fluctuations, with a notable increase in recent years. From 2012 to 2017, there was a general downward trend, bottoming out at $3,195.00 in 2017. However, the period from 2018 to 2020 saw a significant spike, peaking at $5,966.67 in 2020. This volatility likely impacts financial planning for potential investors, homeowners, and entities interested in the local economy, as the varying tax rates could affect disposable income and overall financial stability in the region.
Average Total Tax Liability Per Tax Return in Gaines County, TX Over the Last 10 Years
Over the past decade, average total tax liabilities per return in Gaines County, Texas have shown some variability, likely reflecting broader economic conditions and local factors. After a dip in 2013 to $8,523.36, there was a noticeable rise peaking twice, in 2019 at $10,286.80 and again in 2021 at $10,109.48. Such fluctuations can be crucial for potential investors, homebuilders, and real estate agents, indicating both opportunities and the need for careful financial planning. Appraisers and insurance agents could see these trends impacting property valuations and associated risks.
Cost of Living in Gaines County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,008 | $1,371 | $1,762 | $1,310 | $813 |
| 1 adult 4 children | $1,008 | $1,120 | $1,347 | $1,310 | $906 |
| 2 adults 3 children | $1,008 | $1,120 | $1,529 | $1,310 | $648 |
| 1 adult 3 children | $1,008 | $915 | $1,114 | $1,310 | $703 |
| 2 adults 2 children | $828 | $917 | $1,296 | $1,145 | $608 |
| 1 adult 2 children | $828 | $685 | $881 | $1,145 | $567 |
| 2 adults 1 child | $828 | $725 | $1,063 | $608 | $594 |
| 1 adult 1 child | $828 | $468 | $648 | $608 | $487 |
| 2 adults | $659 | $582 | $830 | $0 | $507 |
| 1 adult | $624 | $318 | $415 | $0 | $447 |
Safety trends & Data
Property crime in Gaines County, Texas, has notably decreased over the past five years, with a significant drop in burglary and larceny-theft incidents since their peak in 2018. Although motor vehicle theft saw a slight uptick in 2022, it remains relatively low. The fluctuating trend in fraud cases includes a small rise to eight incidents in 2022. These trends may suggest enhanced safety and stability, potentially making the area more appealing to investors and real estate... Read more
Property Crime Trends in Gaines County, TX Over the Last 5 Years
Property crime in Gaines County, Texas has shown a general decline over the past five years. Burglary and larceny-theft incidents peaked in 2018 but saw a notable drop by 2022. Fraud cases saw a fluctuating trend, with a rise to eight cases in 2022. Motor vehicle theft remained relatively low but exhibited a slight increase in 2022. Investors and real estate professionals might find these downward trends in property crimes a positive indicator for the safety and stability of the area.
Demographics
The demographic trends in Gaines County, Texas, show a nearly balanced gender distribution with a slight male majority. Educational attainment reveals a considerable portion of adults without a high school diploma, with less representation in higher education degrees. The age distribution indicates a young population, especially under 10 years old, while those 75 and over are much fewer. In terms of race, the county is predominantly White, with much smaller representations of other races. This... Read more
Race Distribution in Gaines County, Texas (2022)
Educational Attainment in Gaines County, Texas (2022)
Age Distribution in Gaines County, Texas
Citizen Population in Gaines County, Texas (2022)
Political Trends & Data
Gaines County in Texas displayed a strong conservative leaning in the recent U.S. presidential election, with nearly 90% of votes going to the Republican party. Conversely, the Democratic party garnered just under 10% of the vote, while minor parties collectively received less than 2%. This political climate could influence local policies and developments, potentially impacting the real estate market dynamics in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gaines County in Texas exhibited a pronounced preference for the Republican party, with an overwhelming majority of nearly 90% of votes. The Democratic party, in stark contrast, received just under 10% of the vote. Minor parties such as Libertarian and Green captured minimal support, cumulatively accounting for less than 2% of votes. This trend could indicate a strong conservative leaning within the county.
89.31% of voters voted for the Republican party in the 2020 Presidential Election
9.61% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Gaines County, Texas, boasts a student-to-teacher ratio consistently between 11 and 12 over the past decade, compared to the national average of 14. This may suggest more personalized student attention, possibly making the area more attractive to families and, by extension, enticing to investors and real estate agents. Moreover, appraisers and insurance agents might see this as a sign of community stability and potential for long-term... Read more
Student-to-teacher ratio in Gaines County, Texas over the last 10 years
Over the last ten years, the student-to-teacher ratio in Gaines County, Texas, has generally hovered between 11 and 12 students per teacher, noticeably below the national average of 14. This relatively low ratio may signal more personalized attention for students, potentially appealing to families considering a move to the area. For investors and real estate agents, this could make the local property market slightly more attractive due to the implication of a strong public education system. Appraisers and insurance agents might view the low ratio as an indicator of community stability and invest in the long-term development of the region.
