Galveston County Real Estate and Livability Trends
Galveston County, Texas has seen average taxable income rise from $68,900.87 in 2013 to $89,379.58 in 2021, likely indicating stronger property values. Median home values surged from $155,000 in 2015 to $260,600 in 2022, outpacing state and national trends, while residential energy tax credits jumped from $308.48 to $2,510.71, pointing to increasing energy-efficient home upgrades.... Read more
Galveston County Market Trends
Median home values in Galveston County, Texas, surged from $155,000 in 2015 to $260,600 in 2022, easily outpacing state and national growth rates. This rapid appreciation might hint at a particularly vibrant housing market. Meanwhile, residential energy tax credits have skyrocketed from $308.48 in 2013 to $2,510.71 by 2021, pointing to a significant increase in energy-efficient home upgrades—a... Read more
Median Value of Occupied Housing Units in Galveston County, Texas Over the Last 8 Years
Over the past 8 years, median home values in Galveston County, Texas have shown a steady increase, climbing from $155,000 in 2015 to $260,600 in 2022. This rise seems more accelerated compared to the state of Texas and national trends, as Texas moved from $136,000 to $238,000 and the national figures hovered from $125,500 to $179,400 in the same period. For investors and those considering moving to or building property in Galveston County, this could suggest a particularly thriving and potentially lucrative local real estate market.
Residential Energy Tax Credit Per Tax Return in Galveston County, TX Over the Last 9 Years
Residential energy tax credits in Galveston County, Texas, have shown a significant upward trend over the past nine years. Notably, average credits climbed from around $308.48 in 2013 to approximately $2,510.71 by 2021. This increase could signal growing investments in energy-efficient home improvements, a factor that potential homebuyers and real estate investors might find appealing. For those looking to invest, this trend might indicate a locality increasingly focused on sustainability—potentially lowering long-term utility costs and aligning with broader green initiatives.
Average Real Estate Taxes Per Tax Return in Galveston County, TX Over the Last 10 Years
Over the past decade, Galveston County, Texas has experienced a notable upward trend in average real estate taxes per tax return. Starting from $5,314.09 in 2012, taxes saw a steady rise, hitting $6,216.42 by 2016. Importantly, there was a significant leap from $6,913.70 in 2017 to $8,028.45 in 2018. By 2021, the average real estate taxes per return reached $8,648.75. For investors, potential homeowners, appraisers, and real estate agents, this suggests increasing property value and possibly greater municipal service funding, but it also highlights rising costs of living and might influence long-term investment and insurance decisions.
Percentage of Farm Returns in Galveston County, TX Over the Last 10 Years
Farm tax returns in Galveston County, Texas have exhibited slight fluctuations over the last decade, ranging from approximately 0.85% and peaking near 0.95% in 2017. Farm returns generally indicate the presence of agricultural activities within an area, reflecting the economic contributions from farming. This data might suggest a relatively stable agricultural base, though the modest variation could imply shifts in the farming economy or regulatory environment. Investors or potential residents looking into this area might find these trends suggestive of consistent but not dominant agricultural activities, which could be a factor in the local real estate context.
Number of Mortgages by Occupancy Type in Galveston County, TX Over the Last 5 Years in Galveston County
Over the past five years in Galveston County, Texas, the number of mortgages for principal residences has generally been the highest, peaking in 2020. However, there has been a noticeable decline in 2022. Investment properties and second residences also show fluctuating but less significant numbers. Shifts in occupancy type can be crucial for investors, builders, and real estate agents because they indicate changes in housing demand and investment attractiveness. For instance, a decrease in principal residence mortgages may signal affordability issues or market saturation, while spikes in investment property mortgages might reflect investor confidence or emerging rental markets. Insurance agents and appraisers should consider these trends for risk assessment and valuation adjustments.
Economic Outlook
Galveston County, Texas has witnessed a significant rise in average taxable income per tax return, climbing from $68,900.87 in 2013 to $89,379.58 in 2021, suggesting a favorable economic climate that could drive up property values. Local income taxes per tax return also saw an increase, peaking at approximately $13,505.00 by 2021, reflecting possible earnings growth or tax policy changes. Despite this economic growth, the percentage of the population under the poverty line has shown volatility,... Read more
Average Taxable Income per Tax Return in Galveston County, TX over the last 9 years
Galveston County, Texas has seen a steady increase in average taxable income per tax return over the last nine years, with notable growth from $68,900.87 in 2013 to $89,379.58 in 2021. This upward trend indicates a robust economic environment, which might be attractive for investors and developers. Real estate agents and appraisers could view this growth as a sign of increasing property values and market stability. For those considering relocation, this financial health could imply more employment opportunities and higher wages. Insurance agents might find this data useful to assess potential clientele's financial capability and associated risks.
Average State and Local Income Taxes Per Tax Return in Galveston County, TX Over the Last 10 Years
Average state and local income taxes per tax return in Galveston County, Texas, have shown substantial variation over the past decade, with a notable upward trend. Starting at approximately $6,501.85 in 2012, there have been fluctuations, but the most significant increases occurred post-2017, with a sharp rise to about $13,505.00 by 2021. This likely reflects changing economic conditions and possibly increased earning power or tax rate adjustments in this area. Such data is crucial for investors, real estate agents, and those considering moving to understand the local tax landscape and its potential impacts on disposable income and property investments.
Average Total Tax Liability Per Tax Return in Galveston County, TX Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Galveston County, Texas has shown a general upward trend, peaking at $16,157.80 in 2021. Despite some fluctuations, particularly a dip in 2016 to $13,383.87, the increase from $13,223.36 in 2012 indicates that residents are, on average, facing higher tax burdens. This trend is significant for investors, appraisers, and those looking to build or buy property, as it may reflect broader economic growth or changing demographics in the area. Evaluating these numbers could provide critical insights into the county's fiscal landscape.
Cost of Living in Galveston County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,695 | $1,343 | $1,777 | $1,688 | $1,110 |
| 1 adult 4 children | $1,695 | $1,097 | $1,357 | $1,688 | $1,256 |
| 2 adults 3 children | $1,695 | $1,097 | $1,542 | $1,688 | $918 |
| 1 adult 3 children | $1,695 | $896 | $1,123 | $1,688 | $1,054 |
| 2 adults 2 children | $1,286 | $898 | $1,308 | $1,469 | $746 |
| 1 adult 2 children | $1,286 | $671 | $888 | $1,469 | $754 |
| 2 adults 1 child | $1,286 | $710 | $1,073 | $757 | $697 |
| 1 adult 1 child | $1,286 | $459 | $654 | $757 | $602 |
| 2 adults | $1,078 | $570 | $839 | $0 | $584 |
| 1 adult | $1,014 | $311 | $419 | $0 | $504 |
Safety trends & Data
Galveston County, Texas, is seeing interesting downward trends in property crime, making it potentially more attractive for investment and residency. Burglary dropped from 192 arrests in 2018 to 82 in 2022, and larceny-theft incidents fell from 1,312 to 557 in the same period. Although motor vehicle theft and fraud are relatively stable with some fluctuations, arson has remained low. These patterns might reflect improved law enforcement or community efforts, suggesting a safer environment... Read more
Property Crime Trends in Galveston County, TX Over the Last 5 Years
Investing in or moving to Galveston County, Texas, reveals compelling trends in property crime over the past five years. There has been a notable decline in categories like burglary, dropping from 192 arrests in 2018 to 82 in 2022. Larceny-theft, while high, also shows a downward trend from 1,312 incidents in 2018 to 557 in 2022. Motor vehicle thefts and cases of fraud show fluctuations but are relatively stable, whereas arson has maintained lower numbers. These decreasing trends may indicate better law enforcement strategies or community initiatives, making the area potentially safer and more appealing for new investments and residents.
Demographics
In 2022, Galveston County, Texas had a slightly higher female adult population compared to males, with 128,448 females and 121,355 males. The county showed diverse educational attainment, with over half of the population having completed high school or some college. The largest age group was those aged 35 to 44, accounting for 47,435 individuals. The racial composition predominantly consisted of White residents, followed by Black or African American and then Asian communities. These demographic... Read more
Race Distribution in Galveston County, Texas (2022)
Educational Attainment in Galveston County, Texas (2022)
Age Distribution in Galveston County, Texas
Citizen Population in Galveston County, Texas (2022)
Political Trends & Data
In Galveston County, Texas, the real estate market may be influenced by its political climate, where Republicans potentially hold a significant edge with around 61% of the presidential vote, while Democrats might only garner close to 38%. Minor parties appear to have minimal impact, reflecting a strong conservative leaning in the area. This political composition could affect local policies and development trends, making it a noteworthy factor for potential buyers or investors considering the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Galveston County, Texas, Republican candidates might have a significant advantage, potentially leading with around 61% of the vote, while Democrats could trail with close to 38%. Minor parties, including Libertarians and Greens, appear to have minimal impact, collectively garnering less than 2% of the vote. These percentages suggest a strong Republican leaning within the county, reflecting broader conservative trends that can often be observed in this region.
60.56% of voters voted for the Republican party in the 2020 Presidential Election
37.95% of voters voted for the Democrat party in the 2020 Presidential Election
1.23% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
School Data
Galveston County, Texas has seen its student-to-teacher ratio drop from 27 students per teacher in 2014 to 14 in 2023, now matching the national average. This trend might appeal to families seeking better educational outcomes and could be a strong selling point for real estate agents. Investors might interpret this as a sign of a strengthening local educational system, potentially attracting a stable and long-term residential... Read more
Student-to-teacher ratio in Galveston County, Texas over the last 10 years
Over the last ten years, Galveston County, Texas has seen its student-to-teacher ratio significantly decrease from a high of 27 students per teacher in 2014 to 14 students per teacher in 2023, now aligning closely with the national average of 14. This shift could be quite appealing for families considering a move, as smaller class sizes often promise more individualized attention and potentially better educational outcomes. For real estate agents, this trend may serve as a valuable selling point, while for investors, it might hint at a strengthening local educational system that can attract a stable, long-term residential population.
